LafargeHolcim to Invest $161 Million to Reduce CO2 Emissions

   By Maitane Sardon

LafargeHolcim Ltd.(LHN.EB) said Wednesday that it will invest 160 million Swiss Francs ($161 million) to reduce the energy it uses and the amount of greenhouse gases it produces when making products in Europe.

The Swiss cement maker, which aims to cut its CO2 emissions in Europe by 3 million metric tons by 2022, said it will invest in equipment and technologies that increase the use of low-carbon fuels and recycled materials in its processes and products.

LafargeHolcim said it will allocate further funds towards introducing materials and services that are carbon efficient.

As a way to improve its carbon efficiency, the company said it will start using recycled materials instead of fossil fuels and primary raw materials to produce clinker. Clinker is the main component of cement and its production releases large amounts of CO2 into the atmosphere.

LafargeHolcim estimates it will be able to give a new use to 1.5 million tons of waste, which will help it avoid 1 million tons of CO2 emissions per year.

Write to Maitane Sardon at maitane.sardon@dowjones.com

(END) Dow Jones Newswires

September 18, 2019 05:16 ET (09:16 GMT)

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