The director of the World Cement Association (WCA), Ali Emir Adiguzel, told listeners at the association’s 6th Annual Conference in Dubai that the world has ‘enough cement for the next 25 years.’ Adiguzel addressed the issue of overcapacity by noting a ‘substantial’ drop in demand and pointing out that high input costs had led the sector to raise its prices, by as much as 15% in Europe. He also said that the primary challenge facing the cement industry was “meeting stringent emission targets and embracing carbon capture technologies.”
Adiguzel added “Despite our achievements, there is more work to be done in the years to come. To reach our net zero goal by 2050, we must significantly reduce carbon emissions. The technologies and mechanisms for this endeavour appear available, though currently minuscule and not economically fully feasible. Regulatory frameworks must evolve to minimise costs for end customers. Collaboration between the private and public sectors is imperative to facilitate carbon reduction.”
