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Friday, March 29, 2024

Holcim plans to invest P121.5m in fuel facility

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Cement maker Holcoim Philippines Inc. said Thursday it will invest P121.5 million to build an alternative fuel processing facility in its manufacturing plant in Norzagaray, Bulacan.

HPI said in a disclosure to the stock exchange the facility aimed to increase the company’s ability to use qualified wastes as alternative fuels and raw materials. The proposed P121.5 million investment will be spent over the next two years, it said.

Under the plan, the investment will raise the efficiency of shredding operations to convert qualified waste materials into alternative fuels, install new equipment and improve storage and feeding facilities at its cement plant in Norzagaray.

These will enable its Geocycle unit to support the company’s Bulacan plant in using more qualified post-consumer and municipal solid wastes as alternative fuels instead of coal.

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