On-Site Magazine

Port-Daniel cement plant secures $360M loan

August 1, 2014   By STAFF REPORT

McInnis Cement announced that the financial structure of the Port-Daniel cement plant under construction in Quebec’s Gaspé region is now in place.

The National Bank of Canada has confirmed the availability of a $360-million loan for the project, which is in addition to the $500-million in equity from private and public investors.

Port-Daniel cement plant highlights:

  • Up to 40 per cent less fuel per ton of cement than traditional cement plants due to higher use of hydroelectric power
  • Only cement plant in Canada to comply with U.S. standards set out in the National Emission Standards for Hazardous Air Pollutants (NESHAP 2015)
  • Equipped with all the latest technology for improved environmental performance, including the latest generation bag filters throughout the plant
  • Will use maritime transportation and petroleum coke for fuel

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