The four major costs associated with cement production
Raw material cost. 3. Selling expenses. 4. Other expenses. 1. Power and fuel. The cement industry is power-intensive, with power and fuel cost accounting for around 25-30 per cent of the total cost of sales of cement players. Coal is used to fire the kiln as well as to generate power for grinding the clinker.
Sustainable accounting reporting practices of Indian cement industry …
2. Indian cement industry Cement is the single most important and profitable product in the building material. With an 8% GDP growth rate, governmental infrastructure augmentation and population expansion, the Indian cement industry is a market of opportunities waiting to be tapped.
Cement Market Size, Share, Growth | Emerging Trends [2032]
The global cement market size was valued at USD 405.99 billion in 2023 and is projected to grow from USD 423.24 billion in 2024 to USD 592.38 billion by 2032, exhibiting a CAGR of 4.3% during the forecast period. Cement is an important material used in construction industry which acts as a binder between two surfaces of bricks, …
A STUDY ON FINANCIAL PERFORMANCE OF …
Abstract. In India, the cement industry is the second most consumed material on the planet. The cement companies have seen a net profit growth rate of 85 per cent. With this huge success, the ...
(PDF) ENVIRONMENTAL ACCOUNTING, FIRMS …
The study examines the relationship between environmental accounting, firm characteristics and performance of the cement manufacturing companies in Nigeria.
Extended exergy accounting for a typical cement industry in China
The cement production is one of the most energy-intensive industries with huge amount of CO 2 emissions. In this paper, extended exergy analysis is employed to explore a typical cement production chain in China. The cumulative exergy consumption (C E x C), capital and labor exergy, and environmental remediation exergy are calculated to …
Evaluation of Carbon Emission Factors in the Cement Industry…
The cement industry is a major contributor to carbon emissions, responsible for 5–8% of global emissions. This industry is expanding, particularly in emerging economies, and it is expected that CO2 emissions will rise by 4% by 2050. To address this critical concern, this paper identifies ten factors that contribute to carbon …
Greening cement in China: A cost-effective roadmap
1. Introduction. China has been the largest cement producer for years, accounting for ∼60% of global production [1].The cement industry is among the top energy consumers in developing countries, China's cement production consumed 6.17% of the national industrial energy; the proportion is 15.6% in India and 47.6% in Malaysia [2], …
Extended exergy accounting for a typical cement industry …
The attention to environmental impacts of cement production has grown fast in recent decades. The cement industry is a significant greenhouse gases emitter mainly due to the calcinations of raw … Expand
Extent of Use of Cost and Management Accounting in the Cement Industry
Besides, often use of management accounting tools by. cement companies in Bangladesh are CVP an alysis (58%), information for decision making (52%), standard. costing (48%), and budgetary control ...
Accounting CO2 Emissions of the Cement Industry: Based …
DOI: 10.3390/en16114453 Corpus ID: 259044323; Accounting CO2 Emissions of the Cement Industry: Based on an Electricity–Carbon Coupling Analysis @article{Zhou2023AccountingCE, title={Accounting CO2 Emissions of the Cement Industry: Based on an Electricity–Carbon Coupling Analysis}, author={Chunlei Zhou and …
The circular cement value chain: Decarbonizing cement
With a growing number of industries and sectors moving toward net-zero emissions, a significant amount of value is at stake in cement. General EU Emissions Trading System (ETS) carbon prices have reached nearly €100 per metric ton of carbon dioxide, 3 Based on figures from Ember's EU carbon price tracker. For more, see "EU …
Financial Information Quality and Inflation Accounting Disclosure …
Using the framework of Edwards, Bells, and Ohlson's residual income model, data for the study were sourced from the annual financial records of four quoted cement companies operating in Nigeria ...
Global carbon recoverability experiences from the cement industry
Achieving net-zero emissions requires rapid decarbonization and improved strategies implemented at the global level. In response to increasing demand for better structures and foundations, the concrete industry now relies on heating furnaces to over 1400 °C by burning fossil fuels and other cementitious materials, accounting for about …
CO Accounting and Reporting Standard for the …
accounting for the specific needs of the cement industry, the protocol was closely aligned with the overarching greenhouse gas protocol developed under a joint initiative of the WBCSD and the World Resources Institute (WRI). This second, revised edition of the …
Green growth in cement | McKinsey
The construction ecosystem accounts for about 25 percent of global greenhouse-gas emissions (GHG). Concrete—specifically, the cement from which it is made—is the largest contributor, accounting for 4.5 percent of global GHG emissions and 7.0 percent of CO₂ emissions in 2019. 1 Decarbonizing the cement and concrete …
Circular economy and its implementation in cement industry…
The cement industry needs to implement sustainable circular practices to secure competitiveness and to pursue sustainable development. Cement production is an energy-intensive process that mainly requires thermal energy. ... 7 % of total emissions of the year 2021, accounting for 2.6 billion tons, come from cement production (Global …
Accounting CO2 Emissions of the Cement Industry: …
Additionally, the cement industry is the third-largest CO2-emitting industrial sector in China, accounting for 13–15% of total national carbon emissions [16]. Improving energy efficiency and increasing the use of alternative energy sources provide technical viability for the decarbonization of the cement industry [17].
Extended exergy accounting for a typical cement …
An extended exergy accounting method is employed. •. CO 2 emission mitigation is incorporated in environmental remediation cost. •. Scenarios for raw …
Accounting CO2 Emissions of the Cement Industry: …
cement industry and integrating decarbonization technology in the accounting approach as this will have a significant impact on reducing carbon …
CO2 Accounting and Reporting Standard for the Cement Industry
CO2 Accounting and Reporting Standard for the Cement Industry. The protocol is intended as a tool for cement companies worldwide. It provides a harmonized methodology for calculating CO2 emissions, with a view to reporting these emissions for various purposes. It addresses all direct and the main indirect sources of CO2 emissions related …
Carbon Capture in the Cement Industry: Technologies, …
The cement industry is likely to play a role in reducing greenhouse gas emissions to combat anthropogenic climate change. Many decarbonization pathways suggest that direct specific emission levels of around 350 – 410 kg CO 2 /t cement will be required. However, increasing clinker substitution, alternative fuel use, and thermal energy efficiency can …
Sustainable reporting practices of selected cement …
The study aims to analyz e the current sustainability of Accounting Practices in Indian. Cement Companies. To analyze the same, researchers ha ve taken a case study of five prominent. cement ...
Growth of Cement Industry in India
*India's cement production reached 374.55 million tonnes in FY23, a growth rate of 6.83% year-on-year (yoy). * As per Crisil Ratings, the Indian cement industry is likely to add ~80 million tonnes (MT) capacity by FY24, the highest since the last 10 years, driven by increasing spending on housing and infrastructure activities.
GREENHOUSE GAS ACCOUNTING SYSTEM
2. Baselining greenhouse gas accounting in steel, cement, and concrete 9 2. 1. Overview of relevant standards 9 2. 2. Key issues driving reporting variance 11 2. 3. Baselining cement and concrete reporting 13 2. 4. Baselining steel reporting 15 3. A principles-based approach to greenhouse gas accounting 17 4. Evaluation of identified accounting ...
Laying the foundation for a zero-carbon cement industry
The cement industry alone is responsible for about a quarter of all industry CO 2 emissions, and it also generates the most CO 2 emissions per dollar of revenue (Exhibit 1). About two-thirds of those total emissions result from calcination, the chemical reaction that occurs when raw materials such as limestone are exposed to high …
Impact of GST on the Cement Industry
Cement will attract 28% GST, i.e., a higher rate of tax which means increased costs for the infrastructure sector. Refractory cement, mortars, concretes (mainly used for building industry furnaces, huge ovens etc.) will attract 18% tax. Cement Bonded Particle Board will attract 12% The main raw materials for cement are limestone, coal …
Accounting CO2 Emissions of the Cement Industry: Based …
Accounting CO 2 Emissions of the Cement Industry: Based on an Electricity–Carbon Coupling Analysis Chunlei Zhou 1, Donghai Xuan 1, Yuhan Miao 2,3, *, Xiaohu Luo 3, Wensi Liu 1 and Y ihong ...
Extent of Use of Cost and Management Accounting in the Cement Industry …
Unfortunately, the application of cost and managerial accounting in a developing economy like Bangladesh still remains unsatisfactory and studies on this area are rare in the literature (Lin and Yu, 2002). Therefore, the study is designed to make an overview of the practice of Cost and Management accounting in cement industry of Bangladesh. 2.
Cementing your lead in the green transition | McKinsey
The road to a greener cement industry. The cement and concrete industry has established new targets to lower and even eliminate emissions, such as those set by the Global Cement and Concrete Association (GCCA). These targets aim for a 20 percent reduction of CO 2 per metric ton of cement and a 25 percent reduction of CO 2 per cubic …