December 1, 2021 Read More →

Biggest South Africa cement maker plans net-zero by 2050

Bloomberg ($):

PPC Ltd., the biggest South African cement maker, has set a target of attaining net zero emissions by 2050.

The company aims to cut emissions by 10% by 2025 and 27% by 2030, it said in its inaugural climate change report on Monday. PPC produces a total of 11.6 million tons of cement a year in South Africa, Zimbabwe, Rwanda, Botswana, Ethiopia and the Democratic Republic of Congo.

Within sub-Saharan Africa, the industry’s ability to de-carbonize is hindered by the lack of viable options to reduce emissions and consumer reluctance to pay for greener products, the company said in the report.

PPC, and other South African industrial companies, are under increasing pressure to reduce emissions in a country that is the world’s 12th-biggest producer of greenhouse gases. Across Africa cement accounts for 32% of emissions of the climate-warming gases from manufacturing, according to Mckinsey & Co.

In South Africa both Eskom Holdings SOC Ltd. and Eskom Holdings SOC Ltd., the two biggest polluters, have set net zero aspirations for 2050.

[Antony Sguazzin]

More: Biggest South African Cement Firm Sets 2050 Net Zero Target

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