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Europe’s hard-to-abate cement industry, a strategic industry underpinning Europe’s economy and security, is investing heavily in innovative decarbonization initiatives. But as it strives to meet EU environmental regulations, its competitiveness on the global stage is at stake. Since 2016, EU imports of cheaper, higher-emission cement have risen from 2.4 million to 14.2 million tonnes, while exports have more than halved.

Marcel Cobuz, chair of TITAN Group executive committee

Marcel Cobuz, member of the board of the Global Cement and Concrete Association and chair of the Group Executive Committee of TITAN Group, one of Europe’s leading producers, says that in the absence of a coherent long-term plan from legislators, the EU’s cement industry, from the regional multinationals to each local producer, is potentially facing an existential threat. The impact will hit beyond the specific industry: as cement is essential not only for Europe’s housing but also its critical infrastructure, a loss of strategic autonomy in construction materials could ultimately threaten EU sovereignty.

Cobuz spoke with POLITICO Studio about measures that could help to mitigate the rising costs of production and boost the market for low-carbon, ‘Made in Europe’ products.

POLITICO Studio: TITAN was founded in Greece more than 120 years ago and today serves more than 25 markets. What does the company’s journey tell us about the role European cement companies can play in an increasingly competitive global economy?

Marcel Cobuz: Cement and concrete are ubiquitous materials, from the houses we live in to the hospitals that care for us. More recently, it has become crucial for the construction of new strategic assets, such as data centers and military infrastructure. It’s enabling the rebuilding of European industry in a totally new geopolitical and geoeconomic context.

TITAN started with one kiln in Elefsis, near Athens in 1902, and has grown to a building materials company with substantial European and U.S. presence, with listings on Euronext and the New York Stock Exchange. We export three-quarters of our cement from Europe to global markets, and we’ve earned our customers’ trust to supply them in these markets over the decades.

The industry is at the cusp of a huge transformation by striving to remain competitive while dealing with demand drivers such as housing deficits, aging infrastructure, data centers and military defense infrastructure needs.

PS: Most European cement companies are not multinationals but medium-sized, often family-controlled firms. What role do they play in Europe’s resilience, especially amid geopolitical uncertainty?

MC: It’s important to look at the European cement and concrete industrial base in terms of two pillars. One is the regional multinationals that have a strong consumer base, scale, capital and reach. Then there are many small- and medium-sized companies that are vital for Europe’s autonomy. TITAN is a bit of both. Cement is a local material, after all. Many companies, such as TITAN, remain supported by long-term core shareholders, who tend to think long-term, which is the right mindset to face the challenge of decarbonizing. It’s good to have that patient capital with medium-sized companies, and also the global reach of multinationals.

via TITAN Group

PS: TITAN is investing heavily in new materials and technologies. What does it take to ensure innovation, decarbonization and competitiveness go hand in hand in an energy-intensive sector?

MC: The industry is at the cusp of a huge transformation by striving to remain competitive while dealing with demand drivers such as housing deficits, aging infrastructure and, more recently, data centers and military defense infrastructure needs. That requires available capacities and innovative materials and technologies. And at the same time, you have the broader societal need to address the climate crisis, reflected already in some market segments and in the regulatory push for net zero. The main challenge comes down to the adoption and development of low-carbon products: in Europe, elevated energy costs, two to three times higher than other geographies, are a major obstacle to scaling low-carbon cement production, because they raise operating costs and weaken the business case for decarbonization compared with those competing regions with cheaper energy.

What we need is, firstly, the deployment at scale of innovative products, such as low-carbon clinker materials. Secondly, digitalization will help to free up revenues to invest in these materials. Thirdly, policymakers need to promote the adoption of low-carbon products in the market, and that will entail a combination of pull and push.

PS: TITAN’s IFESTOS project is the largest cement carbon-capture initiative of its kind in Europe. How can Europe deploy similar technologies at scale?

MC: The IFESTOS project, which will retrofit our existing cement kilns at the Kamari plant near Athens, Greece, will be part of one of Europe’s largest carbon capture and storage value chains. But having carbon capture technology is only the beginning of the answer if we are going to fast-track decarbonization. You need a system that extends beyond the plant premises. That means investing in new pipeline infrastructure to transport captured carbon dioxide, as well as the means to store it under the seabed or onshore, or even use it in new materials or in other industries. In that respect, Europe is still lagging. The instruments are out there, but the carbon management sector is still in its infancy, and several challenges need to be overcome through the cooperation of all stakeholders. For example, carbon contracts for difference, or CCfD, would protect early investors in carbon capture against a very low carbon price. Additionally, the design of a ‘guarantee’ mechanism to address unforeseen risks and obligations along the carbon dioxide value chain should be urgently designed and implemented to avoid a double or even triple burden on the cement company.

via TITAN Group

PS: The Carbon Border Adjustment Mechanism (CBAM) has reopened the debate on competitiveness and exports. How can Europe preserve its climate ambitions while keeping its industries globally competitive?

MC: Cement imports have risen from 2.4 million tonnes in 2016 to 14.2 million tonnes, while exports have more than halved, and the EU has become a net importer. We believe that CBAM will ultimately be the right instrument to bring a level playing field between local producers and third-country producers selling into the EU market, as long as it is watertight. By watertight, I mean closing the loopholes: technically, for instance, the current product classification, which makes it hard to identify how much clinker is included, should be upgraded to a more granular EU customs system. This should be supported by a transparent public registry and random sampling and analysis to stop resource shuffling and misdeclaration. As for exports competitiveness, the Temporary Decarbonization Fund does not address the challenges at all. The only viable solutions are the ones targeted specifically at export flows, making sure they face the same carbon dioxide costs as exporters from non-EU countries. This is why we have always advocated for a continued allocation of free Emissions Trading System allowances on exports, which is WTO-compatible under the destination principle. It would ensure a level playing field for exporting European manufacturers, enabling them to fuel more investment into decarbonization in Europe at source.

The Commission and the legislative bodies of the EU need to be much more ambitious and effective in rewarding those who have already invested in low-carbon technologies.

PS: The Commission’s proposed Industrial Accelerator Act (IAA) is intended to create lead markets for low-carbon cement through procurement. Can this measure accelerate decarbonization while strengthening competitiveness?

MC: I think it’s heading in the right direction, but it’s too late and it’s too low. The proposal sets only a 5 percent low-carbon target for cement in public procurement, while steel and aluminium are held to 25 percent. That is not enough. We are calling for a 25 percent target for low carbon dioxide cement — from Near Zero to band C — with Near Zero products counting double. In the coming months, the IAA together with the EU Emissions Trading System (ETS) will be debated, and it’s critically important that the right goals are set. The Commission and the legislative bodies of the EU need to be much more ambitious and effective in rewarding those who have already invested in low-carbon technologies, and at the same time help to create a market now that the products are available. We call on the crucial responsibility of the regulators and legislators for the future of the industry.

There is a risk of the industry becoming irrelevant. That puts at risk the sovereignty of Europe

PS: Are you optimistic about the future of the cement industry in Europe?

MC: I am optimistic about the ability of the European construction sector and its cement industry to lead in innovation for a high-performance, decarbonized built environment, given our pan-European technical strength. But clearly there are risks. If energy remains several times more expensive than in competing economies, if CBAM is not watertight, if ETS revenues are not channeled back to the industry for financing of new technologies, and if the adoption of new low-carbon materials is not incentivized early to create momentum, then there is a risk exports not being competitive in the future and of the industry becoming irrelevant. And that puts at risk the sovereignty of Europe, so there is an existential threat there.

However, I’m optimistic that with the right dialogue among the Commission, governments, Parliament and industry bodies and economic actors like us, solutions can be found in the same way they were found in the past. It’s about making sure that legislation is more predictable, enabling the players to remain competitive.

Disclaimer

POLITICAL ADVERTISEMENT

The sponsor is TITAN Group

The advertisement is linked to policy advocacy around industrial competitiveness, carbon pricing, and decarbonization in the EU cement and construction sectors, including the EU’s CBAM legislation, the Commission’s proposed Industrial Accelerator Act (IAA), and the proposed revision of the ETS.

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Slitherine, the publisher of the Panzer Corps series as well Warhammer 40,000 games like Battlesector and Gladius, has picked up the rights to publish the Blood Bowl series of fantasy sports parodies.

The publishing rights used to belong to Nacon, who filed for insolvency back in February. That resulted in the death of Greedfall developer Spiders and left a question-mark hanging over its hardware efforts as well as the future of Blood Bowl 3. Developers Cyanide had previously announced a plan to update the videogame to make it compatible with the tabletop version's latest rules refresh and rerelease it under the name Warhammer Blood Bowl , a plan that's been delayed but now seems set to go ahead under the new publisher.

"We have enormous respect for what Cyanide has built over the years," Slitherine's director of publishing Marco Minoli said, "and we're excited to continue working closely with the team to support and grow the series together with its passionate community."

"We are delighted to partner with Slitherine to ensure the future of the Blood Bowl videogames," Cyanide's CEO, Patrick Pligersdorffer, said. "Slitherine has proven its expertise, publishing high-quality strategy games. We believe it is a perfect match."

Though it looked promising prerelease, Blood Bowl 3 came out in a rough state , hampered by bugs, microtransactions seemingly designed to frustrate, and a live-service push. Even now, with some of the more annoying problems quashed, simply navigating its menus is a pain and many players have returned to Blood Bowl 2 for a smoother experience.

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Just over five years since its early access launch, Valheim will hit 1.0 on September 9. When that happens, the $20 Viking-themed survival crafting game will cost $30, and a new ice-themed Deep North biome will be added.

Iron Gate has confirmed as much in a new FAQ addressing most of the community's pertinent questions, among these being: does this spell the end of major content updates? The answer is ambiguous, verging "yes".

"We will continue to improve the game with bugfixes and quality of life stuff, though for exactly how long the game will continue to receive updates is currently too soon to say," Iron Gate writes. "Likewise, it is too soon to say whether or not there will be more content added to the game in the future—but as always, we will be sure to announce any news on our channels!"

The biggest sticking point among devout Valheim players—or at least, those who post on Reddit —is that the FAQ rules out an update to the ocean biome in 1.0. Given the possibility that no major content updates will roll out after 1.0, and that the ocean biome update was listed in the initial roadmap, some people are peeved. "Hundreds of km on boat just for the ocean to have three things in it and being empty for the most part," mourns one user.

1.0 will also add Steam achievements, but if you want them all you'll probably need to go and do stuff you've already done before (like killing Eikthyr, to name an example given by Iron Gate). The new biome will be available to current save files, but it's recommended you start over.

As for those with sprawling builds that tank performance, the optimisations made to 1.0 won't necessarily improve matters. "While 1.0 includes optimisations to some areas of the game, large builds in particular would not be highly impacted by these changes," the FAQ reads.

"We do however plan to continue working on making the game run even smoother after 1.0. Some of the optimisations that will make it into 1.0, however, include decreasing the microstutters that occur when loading new zones in and out of memory, faster saving, and many other minor optimisations here and there."

Valheim is currently $10 as part of the Steam Summer sale. If you're even vaguely interested in it, I'd recommend snapping it up before the September price increase.

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‘Obviously disturbing’ if Catholic order’s historical sales of millions in property for $1 results in lack of money for victims, NSW supreme court hears

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Lawyers for the federal government say they are concerned at the “disturbing” potential that the Christian Brothers Catholic order may have inappropriately transferred property to another entity years before claiming it was broke and couldn’t afford to pay abuse survivors’ civil claims.

The New South Wales supreme court on Thursday ordered a moratorium on all abuse claims against the Christian Brothers, a Catholic order that played a significant role in the church’s child sexual abuse scandal .

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