Summit Materials Announces Full Conversion to Portland Limestone Cement at Continental Cement Company’s Davenport Plant
March 31 2022 - 7:30AM
Business Wire
Reflects 100% of production from Davenport
starting in April 2022
Reduces carbon emissions per ton by up to 10%
relative to traditional Portland Cement
Exemplifies Summit’s Commitment to Social
Responsibility
Summit Materials, Inc. (NYSE: SUM) (“Summit,” “Summit
Materials,” "Summit Inc." or the “Company”), a leading vertically
integrated construction materials company, announces that its
Davenport plant, operated by Continental Cement Company, LLC
(“Continental Cement”) a subsidiary of Summit, has converted 100%
of its annual production to Portland Limestone Cement (“PLC”). In
2021, the Davenport plant produced approximately 1.1 million tons
of cement.
Portland Limestone Cement (“PLC”) is a blended cement with a
higher limestone content, which results in a product that has
similar performance characteristics as traditional Portland Cement,
but with a reduction in carbon footprint of 10% on average.
"Continental Cement Company has been working with our customers
and specifiers to commercialize Portland Limestone Cement (“PLC”)
in all of our markets, and we are delighted that PLC adoption has
progressed quickly,” commented David Loomes, Continental Cement
President and Senior Vice President of Summit Materials. “PLC
reduces concrete embodied carbon by approximately 10% while
delivering resilient and durable infrastructure to our communities.
The conversion of our Davenport plant can pave the way for more
widespread adoption of PLC throughout our markets and more broadly
throughout the United States.”
Continental Cement is an established industry leader in
championing lower carbon solutions and the use of alternative
fuels, deriving an average of about 40% of the Company’s total fuel
usage from alternative fuels (based on 2021 usage) across its two
plants located in Davenport, Iowa, and Hannibal, Missouri. The
Company’s Hannibal cement plant processes both liquid and solid
hazardous waste as a fuel source, while its Davenport Cement Plant
uses non-hazardous alternative fuels from surrounding industrial
facilities. Continental Cement’s subsidiary, Green America
Recycling, LLC (“Green America”), is a crucial component for
sourcing, securing, and implementing the Company’s alternative fuel
strategy. As such, Green America is in the process of expanding its
Hannibal facility. The Company also expects that its Hannibal
cement plant will also soon transition to PLC, the timing of which
will be determined as market adoption progresses.
“Our transition to PLC at Davenport aligns with the Portland
Cement Association’s Roadmap to Carbon Neutrality,” commented Tom
Beck, EVP of Summit Materials. “Given the significant role of
cement in society and anticipated infrastructure development, it is
critical that the industry comes together and acts now to create
sustainable building solutions for decades to come. The U.S. cement
and concrete industries can collectively address climate change,
decrease greenhouse gases and eliminate barriers that are
restricting environmental progress through the continued adoption
of product and manufacturing innovations.”
About Summit Materials
Summit Materials is a leading vertically integrated
materials-based company that supplies aggregates, cement, ready-mix
concrete and asphalt in the United States and British Columbia,
Canada. Summit is a geographically diverse, materials-based
business of scale that offers customers a single-source provider of
construction materials and related downstream products in the
public infrastructure, residential and nonresidential end markets.
Summit has a strong track record of successful acquisitions since
its founding and continues to pursue growth opportunities in new
and existing markets. For more information about Summit Materials,
please visit www.summit-materials.com.
About Continental Cement Company
Continental Cement Company is a leading provider of cement based
in Chesterfield, MO with plants in Hannibal, MO and Davenport, IA
and 9 distribution terminals along the Mississippi River between
Minneapolis, MN and New Orleans, LA. Continental Cement has built
its business on consistent quality, superior service, and
delivering a great experience since they began producing cement at
their Hannibal location in 1903. The Company provides high quality
cement for projects along the Mississippi corridor and is a
subsidiary of Summit Materials, Inc.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains "forward-looking statements" within
the meaning of the federal securities laws, which involve risks and
uncertainties. Forward-looking statements include all statements
that do not relate solely to historical or current facts, and you
can identify forward-looking statements because they contain words
such as "believes, " "expects," "may," "will," "should," "seeks,"
"intends," "trends," "plans," "estimates," "projects" or
"anticipates" or similar expressions that concern our strategy,
plans, expectations or intentions. These forward-looking statements
are subject to risks, uncertainties and other factors that may
cause our actual results, performance or achievements to be
different from future results, performance or achievements
expressed or implied by such forward-looking statements. We derive
many of our forward-looking statements from our operating budgets
and forecasts, which are based upon many detailed assumptions.
While we believe that our assumptions are reasonable, it is very
difficult to predict the effect of known factors, and, of course,
it is impossible to anticipate all factors that could affect our
actual results.
In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by us or any
other person that the results or conditions described in such
statements or our objectives and plans will be realized. Important
factors could affect our results and could cause results to differ
materially from those expressed in our forward-looking statements,
including but not limited to the factors discussed in the section
entitled "Risk Factors" in our Annual Report on Form 10-K for the
fiscal year ended January 1, 2022. Such factors may be updated from
time to time in our periodic filings with the Securities and
Exchange Commission ("SEC"), which are accessible on the SEC's
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update or revise any forward-looking statement as a result of new
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version on businesswire.com: https://www.businesswire.com/news/home/20220331005099/en/
Karli Anderson EVP, Chief Environmental, Social & Governance
Officer and Head of Investor Relations
karli.anderson@summit-materials.com 303-875-3886
Summit Materials (NYSE:SUM)
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