HOLCIM Philippines, Inc. said it ramped up its waste management projects in 2021 and will sustain these efforts in the coming year.
Through its waste management unit, Geocycle, the company converted almost 200,000 tons of biomass and industrial and municipal wastes into alternative fuels and raw materials for cement production through co-processing.
Geocycle also partnered with the Department of Education, Calapan City local government, and Oriental Mindoro’s Federation of Parents-Teachers Association to host waste management awareness initiatives for students and families through webinars.
“Aside from our innovative building solutions, we are proud to help build progress in the country by helping partners in managing their wastes sustainably through our Geocycle and co-processing operations. We made huge strides in this area in 2021 and we are determined to build on these further this year to help in making a Zero Waste Philippines a reality,” Holcim Philippines President and Chief Executive Officer Horia Adrian said in a media release.
In September 2021, the cement provider completed storage and processing facilities at its Bulacan plant to increase usage of alternative fuels and raw materials in cement production.
“Using alternative fuels and raw materials in producing cement is a key focus of Holcim Philippines to lower the carbon footprint and consumption of non-renewable resources in its operations. This is aligned with the goals of the global building materials leader Holcim Group to further make operations sustainable,” the company said.
Holcim Philippines is a building solutions provider that utilizes qualified wastes such as non-recyclable plastics and biomass as alternative fuels in cement manufacturing through co-processing technology.
In the third quarter of 2021, Holcim Philippines’ attributable net income increased by 9.1% or P669.3 million from P613.4 million in 2020.
From the January-September period of last year, attributable net income increased 124% to P2.3 billion from P1.02 billion the year before.
On Tuesday, company shares dropped P0.01 or 0.16% to close at P6.28 per share. — Luisa Maria Jacinta C. Jocson