This is no mean feat. Integrating into an existing plant is very complicated and also poses risk to the operators of the plant. To give the go-ahead means Heidleberg Cement sees a very good submission and benefit versus risk. This is the gateway to some significant engineering design spend so not trivial in the least.
This was from the announcement on 29th January regarding CEMEX joining consortium for Leilac-2 with my emphasis in bold.
"The LEILAC-2 Project is currently undergoing Basis-of-Design work, which is targeted for completion by the end of June 2021. If that milestone is met successfully, full Front End Engineering Design (FEED) will commence and will run through to the second half of 2022. Upon completing a successful FEED, construction will commence and is targeted for completion by end 2023, with the first commercial demonstration in early
2024."
From the FY2020 results presentation:
December 2019 – EU Granted funding of € 16m (A$27m) for LEILAC-2 scale-up
April 2020 – a further € 18m (A$30m) in cash and in-kind committed by consortium partners – project LEILAC-2 launched"
With CEMEX in kind added that seems to be well funded. Would be good to know the cost to CXL in terms of in-kind and direct expense. Might need to ask this at next results call.
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- Ann: Calix LEILAC-2 project passes pre-FEED milestone
This is no mean feat. Integrating into an existing plant is very...
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