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MANILA, Philippines – Cement manufacturer Holcim Philippines is investing P370 million to build storage and feeding facilities in La Union to accelerate decarbonization and circularity of operations.
Holcim Philippines said in a Tuesday statement that the fresh investments will raise its Bacnotan plant’s utilization of low-carbon alternative fuels and raw materials to 40 percent.
Last Aug. 9, the company forged an agreement with Sinoma CBMI PH Construction Corp. to build the facilities which are expected to be completed by second half next year.
READ: Holcim PH investing P2B in sustainability initiatives
“We are excited to see this project improving our business performance and positive environmental and social impact. This investment is a testament to our commitment to building progress, and we are thrilled to see it deliver results for our company and the community,” Holcim Philippines president and chief executive officer Nicolas George said.
The China-based Sinoma CBMI has been Holcim’s global partner for over 20 years.
“We are grateful to Holcim Philippines for choosing us again, recognizing our decarbonization technology and project performance capabilities. This marks the third collaboration between Sinoma CBMIPH and Holcim Philippines since 2021. We are honored to contribute to Holcim Philippines’ decarbonization and sustainability goals through the application of new technologies,” Sinoma CBMIPH Construction general manager Zeng Youbing said.
Since 2018, Holcim Philippines has cut its carbon footprint by over 20 percent by making more blended cements, using waste instead of coal, switching to renewable energy, and boosting operational efficiency.