On-Site Magazine
News

Port-Daniel cement plant secures $360M loan


Print this page

August 1, 2014 by STAFF REPORT

The Port-Daniel cement plant in Quebec's Gasp region has secured a $360 million loan from the National Bank of Canada.
The Port-Daniel cement plant in Quebec's Gasp region has secured a $360 million loan from the National Bank of Canada.

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

Print this page



Related




Have your say:

Your email address will not be published. Required fields are marked *

*