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Picture credit: Gavin Houtheusen/Department for International Development, Factory of National Cement Share Company, CC BY 3.0
Indian cement producer JK Cement has recently signed an MoU with biomass aggregation and densification entity Punjab Renewable Energy Systems (PRESPL), as reported by EquityBulls.
The partners agreed on a 10-year supply contract for biomass and agricultural waste. As further announced by JK Cement, the company aims to reduce its emissions from 593 kg/t of cementitious product in 2020 by more than 20% until 2030.
Recently, PRESPL also announced an MoU with UltraTech Cement. As per their agreement, PRESPL will leverage its technological expertise to replace coal-based systems with biomass-based processes. PRESPL will execute the biomass-based projects at three of UltraTech’s units. Cumulatively, implementation of these three projects is estimated to generate annual carbon savings of over 150 thousand tonnes of CO2.
