The Titan Group has announced a new $ 35 million investment in tackling climate change. In particular, through its subsidiary, Titan America LLC proceeded to the construction of a vaulted warehouse with a capacity of 70,000 tons at the Port Tampa Bay import station in Florida, USA, making it the largest of its kind in the country. The investment will upgrade Titan’s import capacity in the US, while at the same time increasing the supply of cement and cement products with low carbon footprint in the country.
The upgrade of the Port Tampa import station comes at a time when the Florida market is growing rapidly and large investments in infrastructure are expected. The American Cement Industry Association (PCA) forecasts continued growth and increase in cement consumption in the US by 14.8% from 2020 to 2024, a percentage that does not include the growth prospects of the $ 1 trillion investment program. announced for infrastructure.
The upgrade of the import station will also strengthen the ability to deliver imported cement products to meet the growing demand in the US and to contribute to the achievement of the Group’s goals for a neutral carbon footprint.
Titan’s investment underscores the group’s commitment to supporting its customers in the US infrastructure and housing and commercial construction industries with high-performance products, while helping to mitigate climate change.
With an estimated project completion date of early 2023, the station upgrade is being added to other recent investments in Titan’s Pennsuco Cement Plant in Medley, Florida. These investments, which exceed $ 20 million, include projects such as the construction of a plant for the processing of alternative – secondary fuels, as well as infrastructure for the use of natural gas. Combined, they will make it possible to gradually replace fossil fuels with low-carbon alternative fuels, significantly reducing both the plant’s environmental footprint and the volume of municipal waste to be disposed of.
Latest News
Athens Int’l Airport Wins Top Prize at Routes Europe Awards
The Routes business is focused entirely on aviation route development and the company's portfolio includes events, media and online businesses
IOBE: Income Gap Between Poor and Wealthy Greeks Widens
The findings in the analysis, entitled “Progressivity in Income Taxation in Greece, 2012-2021", paint a bleak picture for Greeks in the bottom half of the income bracket, warning that income inequality is growing
Study Finds 4 in 10 Greeks to Slash Easter Spending
This year, hit by persistent inflation, many Greeks will be dishing out less on food, drink and gifts for Orthodox Easter on May 5
ELSTAT: Overnight Stays in Greece Up in Feb.
The provisional monthly data revealed that arrivals at tourist accommodations amounted to 773,104 and overnight stays were 1,677,685
Electric Energy: Greece’s New Sustainable Export
Moreover, a surplus of generated electricity cannot be fully absorbed by domestic grids and this excess power finds eager buyers in the form of companies entering into Power Purchase Agreements (PPAs), willing to pay a premium for clean energy
IOBE Revises Greek GDP Growth Downward, to 2.1% For 2024
Annual inflation is expected to reach 3%, up from the previous forecast of 2.8%
Last Sections of 136km E65 Highway Inaugurated on Tues.
Athens to Karditsa drive time is expected to drop to two and a half hours (under normal conditions), and some three hours from Athens to Trikala
Reuters: Greece to Repay More Bailout Loans Ahead of Maturity in 2023
The country has relied solely on international markets for its borrowing needs since a third institutional bailout ended in 2018
Ag Min. Avgenakis: Greece-China Cooperation in Research, Education in Agri-Food Sector
Greek minister tours cutting-edge hydroponics and robotics facilities at the Chinese Academy of Agricultural Sciences in Beijing
Mini Holiday Season in Greece for Upcoming Orthodox Easter
Occupancy rates reach up to 90% domestically for accommodations open ahead of peak summer season