China-Canada Collaboration on CO2 Capture for Cement

China Building Material Academy (CBMA)

Members Dr. Wang, Lan (the CCUS project leader), Dr. Liu, Sr. Engineer, Ms. Zhao, Director for R&D pose for a photo during a May 2018 visit to the International CCS Knowledge Centre to discuss CCS on cement in China.

REGINA, Saskatchewan, July 08, 2021 (GLOBE NEWSWIRE) — A new collaboration between the China Building Materials Academy, (CBMA) and Canadian based, International CCS Knowledge Centre (Knowledge Centre) will see simultaneous advancements in understanding and knowledge sharing of carbon capture technology designed specifically to see substantial emission reductions from the global cement industry.

The first initiative under the agreement, Carbon Capture Use Piloting with Cement Kiln Project will aid CBMA in applying the Knowledge Centre’s model and Front End Engineering Design (FEED) of a test platform – which has a carbon dioxide (CO2) capture capacity of approximately 155 kg CO2/per day. The project will be built and piloted on a carbon capture system that utilizes the post combustion flue gas from a producing cement kiln.

The Knowledge Centre will have an observer role to learn and gain insight on the characteristics of a cement kiln operation and its integration with a post combustion carbon capture system. The agreement grants the Knowledge Centre access to the operational data, such as further design, testing, data based on the modelling, emission-related information, and any improvements made to the CO2 capture test platform.

This collaboration agreement is part of a bilateral science and technology cooperation between Canada and China, the China-Canada Science & Technology Cooperative Action Plan. The agreement also syncs with goals of the Chinese government to achieve carbon peaking before 2030 and carbon neutrality before 2060 with efforts of the cement industry in China to accelerate innovation in low carbon technologies.

Through the carbon capture pilot platform, the CBMA is expected to adapt the application for potential scale-up to commercial demonstration with know-how that could be applied across the sizable fleet of China National Building Materials Ltd. (CNBM), the world’s largest cement producer and the parent of CBMA.

The Knowledge Centre is currently completing a feasibility study on a full-scaled post-combustion carbon capture system on Lehigh’s Cement plant in Edmonton, Canada by applying the same model based on large-scale CCS experiences from the commercial coal-fired power plant, at the famed Canadian based Boundary Dam 3 CCS Facility.

Quotes

“The International Knowledge Centre is proud to be a partner in assisting the CBMA on its CCS development and deployment journey to help China realize its ambitious goals of carbon peaking and carbon neutrality, which is positive for the world.”

– Conway Nelson, VP Strategy & Stakeholder Relations, International CCS Knowledge Centre

“The cement industry could only achieve carbon neutrality by carbon capture approaches. Deep GHG emission reduction objectives can only be achieved by adhering to the decarbonization technology route, by applying CCS technologies to capture the carbon dioxide emissions from various aspects of the production process.”
中国建材集 周育先董事长:水泥行业要实现碳中和必然通过碳捕捉的方式,只有坚持脱碳技术路线,利用CCS术尽可能吸收生产过程中各环节排放的二氧化碳,才有可能实现深度减排目

– Chairman Zhou Yuxian, Chairman of China Building Materials Group (CNBM)

ADDITIONAL INFORMATION

Cement Emission Overview

  • Concrete, a product of cement, is the second most consumed substance on the planet, next to water, with roughly attributing three tonnes of concrete yearly by every person on earth (State of the Planet, Earth Institute, Columbia University).
  • Total emissions from the cement industry contribute as much as 7-8% of global CO2 emissions.
  • Two thirds or 5% of global emissions result from the chemical reactions in the cement production process and therefore cannot be eliminated through gains in energy efficiency.
  • Global demand for cement is expected to increase 12-23% by 2050 (IEA Report: Transforming Industry through CCUS)
  • As the largest cement producer, China accounts for about 55% of global production, followed remotely by India at 8%.
  • China’s cement industry is estimated about 1.2 Gt of CO2 emissions to their national GHG emissions, annually.

China-Canada Science & Technology Cooperative Action Plan

  • China-Canada Science & Technology Cooperative Action Plan is a framework for cooperation in scientific and technological research, which will extend and strengthen the conduct of cooperative activities in areas of common interest and encourage the application of the results of such cooperation to their economic and social benefit.

MEDIA CONTACTS

International CCS Knowledge Centre
Jodi Woollam
Head of Communications & Media Relations
jwoollam@ccsknowledge.com
T: +1-306-565-5956 / M: +1-306-520-3710
ccsknowledge.com
@CCSKnowledge

About the International CCS Knowledge Centre (Knowledge Centre): with a mandate to advance the global understanding and deployment of large-scale CCS to reduce global GHG emissions, the Knowledge Centre provides the know-how to implement large-scale CCS projects as well as CCS optimization through the base learnings from both the fully-integrated Boundary Dam 3 CCS Facility and the comprehensive second-generation CCS study, known as the Shand CCS Feasibility Study. Operating since 2016 under the direction of an independent board, the Knowledge Centre was established by BHP and SaskPower. For more info: https://ccsknowledge.com/

About the China Building Materials Academy (CBMA): is the largest state-owned comprehensive research development and design firm of the industry sector in China and operates as the technology innovation platform of the China National Building Materials Group Corporation (CNBM), which is the largest comprehensive building materials industry group in China. CBMA undertakes a large number of research and development programmes of national significance and advances the technology for energy-saving and emission reduction in building materials industry. With dozens of labs and testing centres, CBMA is the standard bearer of the building materials industry sector for technology innovation covering cement, concrete, wall material, glass, ceramics, refractory and new materials. For more info: http://cbma.com.cn/en/index.jsp

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/84fbcfdd-0f35-4299-af06-d694a269dba0

Expereo acquires global managed Internet access provider, Brodynt

AMSTERDAM, July 08, 2021 (GLOBE NEWSWIRE) — Expereo, a leading global provider of managed Internet, SD-WAN, SASE, and Cloud Access solutions, announces that it has agreed to acquire Brodynt, a provider of global managed Internet services. This acquisition further strengthens Expereo’s position in providing global managed Internet & SD-WAN services to its global enterprise customer base and service provider partner community.

This news follows the acquisitions of GlobalInternet, Comsave, and Videns IT Services, a leading provider of managed SD-WAN and SASE services, late last year and earlier this year. These acquisitions solidify Expereo’s position in leading the global transformation to software-defined and internet-based networking. With the full support of majority investor, Vitruvian Partners, and minority investor, Apax Partners SAS, Expereo intends to continue its acquisition strategy.

Global enterprises are accelerating their network transformations following the emergence of the COVID-19 pandemic. Following an initial rush to get their global networks fit-for-purpose for remote working, global enterprise connectivity is now migrating rapidly to software-defined and internet-based solutions, including through accelerated adoption of cloud applications. Expereo’s depth and breadth of expertise in providing and managing software-defined and internet-based networks and Cloud Access allows a globally operating enterprise to do so with ease, trust, and security.

“Expereo brings additional global reach, leading digital user and operations platform, and complementary SD-WAN and SASE experience that our customers and partners will greatly benefit from,” says Marcus Munoz, Brodynt Co-CEO. “We have built a great customer and partner base, as well as a superb team supporting them,” adds Marc Mateo, Brodynt Co-CEO. “I am excited to see this integrated into Expereo, enabling faster expansion and adding broader capabilities as the market very rapidly transforms with internet services now being core to global enterprise connectivity networks; Expereo brings the scale to do so efficiently.”

“It is all about scale and delivering world-class customer experience,” says Irwin Fouwels, CEO Expereo. “Where our ability to effectively source, manage, and improve performance of any type of internet-based networking service anywhere in the world complemented traditional wide-area-network technology, we are now effectively replacing such legacy solutions. Overlaying our own cloud fabric and digital customer interface takes a global internet-based solution to the next level in terms of performance and experience – we are excited to bring this to Brodynt’s customers and partners.”

About Expereo

Expereo is the leading provider of managed network solutions, including Global internet connectivity, SD-WAN, SASE, and Cloud Access services. Expereo is the trusted partner of 30% of Fortune 500 companies and powers enterprise and government locations worldwide, helping to enhance every business’s productivity with flexible and optimal Internet performance.

Vitruvian Partners, an international growth capital and buyout firm headquartered in London with offices across London, Stockholm, Munich, Luxembourg, San Francisco, and Shanghai, acquired a majority shareholding in Expereo earlier in 2021. Apax Partners SAS, a leading European private equity firm based in Paris, owns a minority shareholding alongside Vitruvian. Paris-headquartered Apax Partners SAS and London-headquartered Apax Partners LLP have a shared history but are separate, independent private equity firms.

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About Brodynt

Brodynt provides global managed Internet and SD-WAN services to global enterprise customers and service providers such as ISPs, Carriers, and System Integrators. Founded in 2012 with headquarters in Barcelona, Spain, and offices in Austin, Texas, and Amsterdam, The Netherlands.

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Q Advisors is a global TMT investment banking boutique, acted as exclusive financial advisor to Brodynt in connection with the transaction.

Contact:
Conor McGee
conor@grammatikagency.com

 

Telenor Sells Its Telecom Operations in Myanmar

Telenor Group has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of 105 million USD (approximately 900 million NOK), of which 55 million USD (approximately 470 million NOK) is a deferred payment over five years.

The transaction corresponds to an implied enterprise value of approximately 600 million USD (approximately 5.2 billion NOK).

M1 Group will acquire all the shares in Telenor Myanmar and continue the current operation.

On 4th May, Telenor Group announced an impairment of Telenor Myanmar.  Telenor underlined at the time that the operations in Myanmar will continue, and that the future presence would depend on the developments in the country and the ability to contribute positively to the people of Myanmar. Further deterioration of the situation and recent developments in Myanmar form the basis for the decision to divest the company.

In the present situation, it has not been possible for Telenor to conduct an ordinary sales process.

The situation in Myanmar has, over the past months, become increasingly challenging for Telenor for people’s security, regulatory and compliance reasons. We have evaluated all options and believe a sale of the company is the best possible solution in this situation. The agreement to sell to M1 Group will ensure continued operations.

Telenor entered Myanmar because we believed that access to affordable mobile services would support the country’s development and growth. I wish to thank all employees and partners who have taken significant efforts to build a company that has impacted the people of Myanmar and has provided state of the art telco services during Telenor’s years in the country”, says Sigve Brekke, President and CEO of Telenor Group.

Since operations started in 2014, Telenor’s funding to Myanmar has been around 5.3 billion NOK. After turning cash flow positive in 2017, Telenor Myanmar has distributed approximately 3.2 billion NOK in dividends.

With effect from the second quarter of 2021, Telenor Myanmar will be treated as an asset held for sale and discontinued operations. The gain/loss calculation arising from the transaction will be impacted, inter alia, by the accumulated translation differences related to the Myanmar operation, and will be finally determined at closing.

The transaction is subject to regulatory approvals in Myanmar.

Source: Pro Pakistani

Webinar Held on Investment Opportunities in CPEC-Related SEZs in Pakistan

The Pakistan High Commission organized a webinar on ‘Investment Opportunities in CPEC related Special Economic Zones (SEZs)’ in collaboration with the Embassy of China on 8 July 2021.

The webinar was held for the 70th anniversary of the establishment of diplomatic ties between Pakistan and China and brought to light the transformative potential of the China-Pakistan Economic Corridor (CPEC) as the flagship project of the Belt and Road Initiative (BRI) while highlighting opportunities for foreign investors.

The audience comprised a broad spectrum ranging from business chambers, infrastructure companies in Singapore and China to think tanks and diplomatic Missions based in Singapore.

In her opening remarks, High Commissioner Rukhsana Afzaal underscored the dividends brought in by the wide array of energy and infrastructure initiatives under the CPEC that are aimed at promoting connectivity among 60 countries across Asia, Europe, and Africa.

Her views were emphasized by the Charge d’Affaires a.i. Embassy of China, Singapore, Zhang Xumin, who expounded on the importance of the project for both the countries.

The keynote speeches were delivered by Lt. Gen. Asim Saleem Bajwa, the Chairman CPEC Authority, and Ying Xiong, Director General National Development and Reform Commission, who stressed the significance of the high demonstration project for the region in general and for the bilateral ties between the two countries in particular.

The Chairman CPEC stated that 37 SEZs had been planned under the CPEC, of which nine had been prioritized and four had already been completed. He also noted last week’s groundbreaking ceremony of the Gwadar Free Zone by the Prime Minister as an important milestone whereby 2,220 acres of land were allocated for development projects as part of the CPEC.

A vibrant panel discussion was led by Faraz Zaidi, the Director-General (China), the Ministry of Foreign Affairs, Islamabad and participated in by Du Zhenli, Director General, China International Engineering and Consulting Cooperation (CIECC), Fareena Mazhar, Secretary, Board of Investment, Islamabad; Kho Choon Keng, Vice President, Singapore-China Business Association; Farhan Talib, Regional General Manager (China & Singapore), Habib Bank Ltd.; and, Chen Wei Hao, Vice Chairman, Belt and Road Committee, China Enterprises Association (Singapore).

The panelists highlighted the investment potential of the CPEC project for foreign investors, particularly in the SEZs, and emphasized the presence of Chinese companies such as Century Steel and Power China that have already started their operations in Pakistan.

They also discussed the opportunities offered by the SEZs for Singapore and the ASEAN-based infrastructure community. The role of the financial institutions in the CPEC was highlighted, and the assurance that all the investment in CPEC was covered under the sovereign guarantee of the Government of Pakistan was also pointed out.

A lively question and answer session ensued after the panel discussions that further enlightened the audience about the promising investment opportunities offered under the CPEC, SEZs framework.

Source: Pro Pakistani

Meezan Bank & NCCPL Partner to Introduce Shariah-Compliant Products

Meezan Bank has collaborated with the National Clearing Company of Pakistan Limited (NCCPL) to develop new Shariah-compliant products for the country’s capital market.

Through this collaboration, Meezan Bank will extend its support in introducing the Murabaha Share Financing System (MSF) — a new Shariah-compliant product implemented by the NCCPL to help extend Shariah-compliant stock financing facilities to stockbrokers and their customers.

The MoU was signed by the Deputy CEO of Meezan Bank, Ariful Islam, and the CEO of the NCCPL, Muhammad Lukman, at a ceremony held at the Meezan Bank Head Office, Karachi.

Also present were the GM Head of Operations, Mohammad Asif; the Manager Product Development from the NCCPL, Sajid Sikander; Group Head of Customer Support, Muhammad Raza; the Manager of Capital Markets, Ayub Baig; and the Manager of Product Development from Meezan Bank, Hasan Faraz.

Under this agreement, both the organizations will work to enhance the proportion of Islamic products in Pakistan’s capital markets and to develop new Shariah-compliant financial instruments.

Meezan Bank is also Pakistan’s first bank to be inducted in the MSF System as a Non-Broker Clearing Member to extend Shariah-compliant financing to the stockbrokers and their customers in Pakistan.

Commenting on this occasion, the Deputy CEO of Meezan Bank, Ariful Islam, said, “Islamic capital markets form an integral part of the country’s Islamic financial system and offer great potential for product innovation to suit the needs of the customers”.

He said, “Through this collaboration, Meezan Bank aims to overcome the challenges associated with new product development for this sector, while also encouraging growth in both the markets as well as economic investment”.

Additionally, the CEO of the NCCPL, Muhammad Lukman, stated “This collaboration will pave way for introducing new and innovative Shariah-compliant products in capital markets”.

Source: Pro Pakistani

IT Minister Vows To Withdraw Tax On Calls Longer Than 5 Minutes

Federal Minister for Information Technology and Telecommunication, Syed Amin Ul Haque, revealed on Thursday that several members of Prime Minister Imran Khan’s cabinet are against the 75 paisas tax on mobile calls that exceed five minutes and vowed to get it reversed.

He revealed this while addressing at a contract signing ceremony between the Universal Service Fund (USF) and Jazz, for providing high-speed mobile broadband services in Multan and Khanewal Districts of Southern Punjab.

The federal minister reassured the telecom industry that he is working to get voice call tax reversed as it is affecting common man and industry as well.

“In the cabinet meeting on June 11, 2021 before the budget, when the slide containing proposed tax on mobile calls and data was displayed, the Ministry of IT and Telecom openly objected to it. Foreign Foreign Minister Shah Mahmood Qureshi, Special Assistant on Poverty Alleviation Sania Nishtar and Federal Minister for Energy Hammad Azhar openly supported the ministry’s stance. Prime Minister referred it to Finance Division and it was withdrawn”, he added.

He said that, “Unfortunately on June 25th, addressing in the Senate of Pakistan, Finance Minister Shaukar Tarin announced 75-paisa tax on calls exceeding 5 minutes. In principle I disagreed. I had a courage to say this and discussed the matter with Prime Minister. We will discuss this matter and will try to withdraw this tax”, said the minister, adding that they are on the same page with the telecom sector on this matter.

During the wind-up budget speech 2021-2022, the Minister for Finance, Shaukat Tareen, said that there will be no tax on the Internet and SMS, but a tax of 75 paisas will be charged on mobile calls that are longer than five minutes.

The government had initially announced that in order to reap reasonable revenue from this sector, federal excise on mobile phone calls exceeding three minutes at Rs. 1 per call, SMS messages at Rs. 0.1 per SMS, and internet data usage at Rs. 5 per GB is being proposed.

However, after facing severe criticism, the Minister for Energy, Hammad Azhar, said that Prime Minister Imran Khan and the Cabinet “did not approve” the federal excise duty on internet data. He assured that the duty will not be included in the final draft of the Finance Bill that was put before the Parliament for approval.

The government’s decision to impose an additional 75 paisa tax after 5 minutes on mobile call will approximately generate an additional Rs. 20 to 30 billion.

Source: Pro Pakistani