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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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Date   Source Headline
27th Apr 20165:06 pmRNS1st Quarter Results
14th Mar 20169:05 amRNSAcquisition
11th Mar 20165:23 pmRNSProspectus Supplement
10th Mar 20164:38 pmRNSAnnual Financial Report
25th Feb 20165:10 pmRNSAnnual Results
19th Jan 20167:57 amRNSJV announcement
13th Jan 20168:19 amRNSNew capacity
5th Jan 20165:18 pmRNSAcquisition
4th Jan 20164:50 pmRNSAcquisition
7th Dec 201512:48 pmRNSAcquisition
26th Nov 20156:29 pmRNSShares cancellation
30th Oct 20159:27 amRNSDisposal
29th Oct 20154:58 pmRNSDisposal
28th Oct 20155:16 pmRNS3rd Quarter Results
7th Oct 20154:54 pmRNSDisposal
5th Oct 20154:53 pmRNSCancellation of shares
16th Sep 20157:00 amRNSAcquisition
15th Sep 20157:59 amRNSDisposal
2nd Sep 20157:00 amRNSAcquisition
1st Sep 20157:02 amRNSProspectus Supplement
27th Aug 20155:56 pmRNSHalf Yearly Report
29th Jul 20155:02 pmRNSHalf Yearly Report
29th Jul 20157:51 amRNSSaint-Gobain reinforces its Gypsum business in US
28th Jul 201510:44 amRNSAcquisition
27th Jul 20157:40 amRNSAcquisition
23rd Jul 201512:03 pmRNSAcquisition
20th Jul 20155:02 pmRNSRe Joint Venture
17th Jul 20155:50 pmRNSPublication of Prospectus
1st Jul 20155:10 pmRNS2014 Dividend
8th Jun 20157:08 amRNSDisposal
5th Jun 20159:33 amRNSAGM Statement
1st Jun 20154:51 pmRNSAcquisition
6th May 20154:46 pmRNSAcquisition
5th May 20157:01 amRNSAcquisition
28th Apr 20155:02 pmRNS1st Quarter Results
15th Apr 20157:00 amRNSAcquisition
14th Apr 20158:41 amRNSAcquisition
7th Apr 20154:55 pmRNSAcquisition
2nd Apr 20155:40 pmRNSFinal Terms
1st Apr 20156:28 pmRNSAcquisition
4th Mar 201512:06 pmRNSProspectus Supplement
25th Feb 20155:15 pmRNSAnnual Results
10th Feb 20157:52 amRNSDisposal
26th Jan 20159:15 amRNSAcquisition
16th Jan 20154:45 pmRNSAcquisition
15th Jan 201511:46 amRNSAcquisition
23rd Dec 20142:32 pmRNSFinal Terms
8th Dec 20147:04 amRNSAcquisition
1st Dec 20144:51 pmRNS2 Directors representing employees at Saint-Gobain
27th Nov 20145:31 pmRNSSaint-Gobain to cancel 6.1 million shares

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