- Hallette Group have secured a $51 Million Green Loan from Commonwealth Bank to support their Green Cement Transformation Project (GCTP).
- The GCTP aims to repurpose industrial waste by-products to manufacture green cement.
- CEO Kane Salisbury highlights the significant CO2 emissions produced by the cement industry globally, prompting the initiation of the GCTP.
- The project will be split across Port Augusta and the Port of Adelaide. Focusing on the production of supplementary cementitious materials (SCMs) to replace traditional clinker-based cement.
- The goal is to replace over 50% of emissions-intensive cement used in concrete and mining applications supporting Australia’s decarbonization plans.
Australian supplier of building and construction materials Hallette Group aims to innovate and decarbonise Australia’s cement and concrete industry. Supported by a $51 Million Green Loan from Commonwealth Bank. The loan will advance Hallett’s Green Cement Transformation Project (GCTP) – an initiative to repurpose industrial waste by-products by manufacturing them into green cement.
Hallett Green cement Transformation Project
Kane Salisbury CEO, Hallett Group said: “renewable energy transformation doesn’t exist without concrete. Under every wind farm there’s concrete. Under pumped hydro dams there’s concrete. Unfortunately for concrete, though, it’s one of the largest contributors of CO2 emissions. Globally the cement industry generates around 4 billion tonnes a year of CO2 emissions. 8% of the worlds CO2 emissions comes from cement. And that’s lead to the formulation of what we’ve called the Hallett Green Cement Transformation Project.”
Split across the regional city of Port Augusta, along with new infrastructure in the Port of Adelaide, Hallett’s GCTP will manufacture supplementary cementitious materials (SCMs) – or products that can replace cement. The goal is to replace more than 50 per cent of traditional, emissions-intensive clinker-based cement used in concrete and mining applications. Developing a secure supply of SCMs to support decarbonising Australia’s cement industry to help realise the nation’s decarbonisation plans. According to Hallett the cement dome in Port Adelaide is the first of its kind in Australia. It is designed to efficiently handle, manage, blend and distribute green cement products.
8% of the worlds CO2 emissions comes from cement. And that’s lead to the formulation of what we’ve called the Hallett Green cement Transformation Project.Kane Salisbury CEO Hallett Group
Commonwealth Bank supported
CBA Executive General Manager Major Client Group Chris Williams said: “Hallett is bringing innovation to the construction materials industry to simultaneously create jobs and reduce the nation’s greenhouse gas emissions in a heavy-emitting industry – that’s the kind of win-win we need to get Australia to net zero by 2050,”
Hallett Group CEO Officer Kane Salisbury said: “Achieving Green Loan certification for our project finance through CBA has been an important milestone on our journey to build the most innovative and sustainable cementitious material offering in Australia and possibly the world.
“We see a real opportunity to create a sovereign and circular domestic supply chain for low-carbon cementitious materials that are used in the manufacture of concrete which continues to be the critical building material for society as we know it.”
CBA’s Structured Asset Finance and Sustainable Finance teams played a leading role in supporting Hallett by tailoring a $100 million debt finance package, including the $51 million Green Loan tranche, with the remainder of the project to be funded by Hallett with the crucial support of a $20 million Modern Manufacturing Grant from the Commonwealth Government.