Eagle Materials Announces Plans To Modernize And Expand Its Cement Plant In Laramie, Wyoming; Project Investment Totals $430M Increasing Plant Capacity By 50%

Author: Benzinga Newsdesk | May 17, 2024 08:05am

Expected cost reductions from the modern kiln line will be generated by replacing the use of solid fuels with lower cost alternative fuels and natural gas, simplified maintenance programs, and improved operating efficiencies. Additionally, the CO2 intensity from the Laramie, Wyoming facility is expected to decline by nearly 20% once the project is complete. The project investment, which includes an additional distribution facility in northern Colorado, is estimated to be approximately $430 million. The existing plant, which became operational in 1927, has an annual capacity of 800,000 tons of cement. Planning for the project has been completed, primary regulatory approvals have been received and construction is expected to begin immediately with startup scheduled for the second half of calendar year 2026.

Posted In: EXP