Ambuja Cements shares up nearly 1% as it partners with Finland-based Coolbrook to reduce fossil fuel dependency

Ambuja Cement Share Price: Adani Group's Ambuja Cements shares increased nearly 1% following a partnership with Coolbrook. The collaboration will utilize Coolbrook’s RotoDynamic Heater technology to reduce fossil fuel dependence and carbon emissions in cement manufacturing.

Ambuja Cements shares up nearly 1% as it partners with Finland-based Coolbrook to reduce fossil fuel dependency
Adani Group's Ambuja Cements shares rose nearly 1% on Tuesday to Rs 542.80 on BSE after the company announced a partnership with Finland-based technology and engineering company ‘ Coolbrook ’. The partnership aligns with the company's goal of leveraging zero-carbon heating technology to decarbonize its cement manufacturing process . Ajay Kapur, CEO of the Cement Business at Adani Group, said, “Our strategic partnership with Coolbrook is exciting as it is a testament to our commitment to Net Zero targets.

This move further strengthens our industry leadership in sustainability.

We continuously seek out innovations that drive efficiency and decarbonization across our cement manufacturing value chain.

Leveraging Adani Group’s green power generation capabilities, we will be able to reduce fossil fuel dependence, costs, and emissions, ultimately delivering the best value for our stakeholders.

” Also Read: Block deal: BofA, Goldman buy shares in Home First Fin Ambuja will implement Coolbrook’s proprietary RotoDynamic Heater (RDH) technology to significantly reduce fossil fuel dependence and carbon emissions.

The RDH technology utilizes mechanical energy to generate high temperatures using green power at highly competitive rates.

The process can minimize the use of fossil fuels to achieve high temperatures in cement kiln pre-calciner, which is crucial for cement manufacturing and other applications.

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Ambuja Cements continues to remain steadfast in its innovation-based pursuit of operational excellence, driving sustainability in all areas of its operations.

Joonas Rauramo, CEO of Coolbrook, stated, “This partnership is a major step forward for Coolbrook as we aim to revolutionize heavy industries with our innovative electrification technology.

Ambuja Cements’ strong commitment to sustainability and leadership in renewable energy makes them an ideal partner for us to expand our offerings and drive the global energy transition.

” ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The ) (You can now subscribe to our ETMarkets WhatsApp channel )

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