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Pin to quick picksSaint Gobain Or Regulatory News (COD)

Share Price Information for Saint Gobain Or (COD)

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Acquisition

14 Mar 2024 07:13

RNS Number : 8433G
Compagnie de Saint-Gobain
14 March 2024
 

SAINT-GOBAIN accelerateS in construction chemicals and supports the development of BREAKTHROUGH DECARBONIZATION TECHNOLOGIES

 

Saint-Gobain Construction Chemicals is expanding its efforts to deploy new additives for low-carbon cement and concrete. These low-carbon technologies open up tremendous opportunities for co-development with new partners in fast-growing markets and to accelerate Saint-Gobain's profitable growth in construction chemicals.

 

Two partnerships illustrate this move:

- Saint-Gobain has participated in the fund raising of Fortera, a start-up that has developed a process for making low-carbon cement by recycling CO2 emitted during production. Cement production currently accounts for around 8% of the world's annual CO2 emissions. By investing in Fortera, through NOVA, its venture capital activity, Saint-Gobain is supporting cutting-edge technologies that curb CO2 at source. Founded in 2019, Fortera has developed a groundbreaking technology that integrates with existing cement plants, leveraging their limestone resources. Through the patented ReCarb? process, Fortera is able to mineralize CO2, reducing direct carbon emissions of existing cement plants by 70%. This paves the way to net zero carbon cement production (scope 1 and 2) when the process is combined with green energy sources.

 

- As a shareholder, the Group also supports Ecocem, European leader in low-carbon cement technologies, in its development and marketing of new cement technologies for large-scale application. Its groundbreaking ACT technology, compatible with all supplementary cementitious materials (SCMs) has just obtained a European Technical Assessment. Based on published environmental product declarations, the carbon footprint of the ACT product has been assessed to be 70% lower than the carbon footprint* of an average CEM II cement sold within the European market.

 

These developments are in line with Saint-Gobain's "Grow & Impact" strategy aiming to both strengthen the Group's leadership and accelerate its growth by enriching its range of solutions for light and sustainable construction.

 

 

* Life Cycle Assessment (LCA) indicator "total Global Warming Potential" (GWP) assessed from cradle to gate - based on the following published 3rd party verified Environmental Product Declarations (EPD): https://cembureau.eu/media/f2ubx2lk/epd-for-cement-cem-ii.pdf; https://www.mrpi.nl/epd-files/epd/1.1.00486.2023_MRPI-EPD_ACT%201%20_FINAL.pdf

 

 

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose, "MAKING THE WORLD A BETTER HOME".

 

?47.9 billion in sales in 2023

160,000 employees, locations in 76 countries

Committed to achieving net zero carbon emissions by 2050

For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain

 

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ACQJIMRTMTMBMPI
Date   Source Headline
6th Mar 20195:34 pmRNSIssue of Debt
6th Mar 20199:01 amRNSStabilisation Notice
5th Mar 20195:42 pmRNSProspectus Supplement
21st Feb 20195:13 pmRNSAnnual Results
11th Jan 20197:06 amRNSNew facility
10th Jan 20195:42 pmRNSDisposal
8th Jan 20197:12 amRNSDisposal
18th Dec 20188:48 amRNSAcquisition
30th Nov 20189:24 amRNSCancellation of shares
26th Nov 20188:21 amRNSLaunching of Transformation Program
23rd Nov 20188:23 amRNSDisposal
25th Oct 20185:02 pmRNS3rd Quarter Results
11th Oct 20183:57 pmRNSFinal Terms
10th Oct 20185:49 pmRNSFinal terms
5th Oct 20187:47 amRNSAcquisition
1st Oct 201810:43 amRNSStabilisation Notice - Compagnie de Saint-Gobain
20th Sep 20185:10 pmRNSAcquisition
20th Sep 20184:57 pmRNSFinal Terms
20th Sep 20184:56 pmRNSFinal Terms
12th Sep 20186:15 pmRNSStabilisation Notice - COMPAGNIE DE SAINT-GOBAIN
12th Sep 20185:49 pmRNSIssue of Debt
12th Sep 20188:54 amRNSStabilisation Notice - COMPAGNIE DE SAINT-GOBAIN
24th Aug 20185:21 pmRNSProspectus Supplement
1st Aug 20187:11 amRNSAcquisition
31st Jul 20185:23 pmRNSDivestment
26th Jul 20185:15 pmRNSHalf-year Report
13th Jul 20185:15 pmRNSProspectus
3rd Jul 20189:35 amRNSAcquisition
22nd Jun 20182:34 pmRNSFinal Terms
22nd Jun 20182:33 pmRNSFinal Terms
15th Jun 20188:47 amRNSCancelation of shares
24th May 20182:24 pmRNSFinal Terms
11th May 20187:00 amRNSAcquisition
26th Apr 20184:52 pmRNS1st Quarter Results
17th Apr 20184:58 pmRNSFinal Terms
13th Apr 20187:16 amRNSAcquisition
11th Apr 20185:08 pmRNSAcquisition
28th Mar 20185:02 pmRNSCapex
22nd Mar 20183:14 pmRNSIssue of Debt
19th Mar 20189:04 amRNSAcquisition
13th Mar 20184:57 pmRNSIssue of Debt
2nd Mar 20187:00 amRNSProspectus Supplement
1st Mar 20184:53 pmRNSAcquisition
22nd Feb 20185:04 pmRNS2017 Results
25th Jan 20184:52 pmRNSNew capacity
11th Jan 20185:12 pmRNSAcquisition
20th Dec 20174:50 pmRNSIssue of Debt
19th Dec 20177:27 amRNSAcquisition
6th Dec 20174:49 pmRNSAcquisition
4th Dec 20177:04 amRNSAcquisition

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