Hong Kong, Hong Kong S.A.R., October 24, 2019 --(PR.com
)-- In China's central Henan province, Mr. Erik Lindberg, chief executive officer of Hong Kong-based Pacific Century Partners, seals a ground-breaking J-V partnership to collaborate with mainland producer Henan Cement Group to develop and operate a multi-million ton limestone quarry project from H1 2020.
"The Asian Development Bank say Asia and the Pacific needs to invest $1.7 trillion every year until 2030 to continue growing and offset emissions and most of that will be right here in China. Even if you strip out the climate change mitigation costs they still need a baseline investment in rudimentary infrastructure of $1.5 every year to continue growing, modernizing and lowering poverty. The cement limestone this upstream project produces will aid the concrete demand to at least 2030, potentially further," said Mr. Anton Pienaar, chief operating officer at Pacific Century Partners.
"Every year China produces over 2 Billion tonnes of cement, that's about 4% of global CO2 emissions. The Central Government has enshrined many policies to ensure this level of cement-related CO2 can and will be lowered. Upstream they're doing this by shutting older inefficient operations and by adopting new technologies, increasing efficiency with cutting-edge materials, and the operational and management initiatives we're employing at new sites like the HSN#2 project," said Mr. Lindberg. He added, "Accessing higher-quality reserves like ours help, and so does being located in the middle of a huge expanding infrastructure market, and the big systemic decreases mandated for CO2 emissions throughout the cement supply chain are on track in China. If you look at sustainable global patent applications, for low-emission cement and cement-clinker manufacture and processing techniques, the Chinese are setting records, they're making significant advances, and we're very proud to play our small part in the reduction of the industry's greenhouse gases at the same time as creating jobs, increasing the country's economy, productivity and infrastructure capacity."
The J-V enjoys numerous benefits;
- An established 18 year history in the HeavenSpring limestone mine concessions, part of the infamous Jiu Ding quarry complex, Henan province.
- A rigorous evaluation determines the project will produce an approximate 39m tonnes of net material over a 10 - 12 year period.
- By leveraging local fuel and labor to compress costs and deploying modern production initiatives and tech the project will operate at some of the most competitive levels nationwide.
"We see the rise of our grass-roots approach to private investment, public-private partnerships and private equity continuing to appeal as a natural alternative to traditional securities and financial products. Around the world interest rates are floored, 30% of bond yields are already negative, and stock markets are already at highs and driven by short termism, they have more dual-class companies giving shareholders less say and are very susceptible to exogenous chatter causing unnecessary volatility," explained Mr. Lindberg. He continued, "With burgeoning needs for critical infrastructure throughout Asia and Greater China planned out to 2050 we strongly believe demand for our blend of physical businesses and transactions in predictable non-cyclical industries will only grow in popularity, and our assets grow in value."
Pacific Century Partners has evolved from an exclusive consultancy into a stakeholder and proprietary platform for the financing of infrastructure projects in Asia. Our robust local history is matched with a progressive and dynamic approach to sustainability, providing local partners with expertise and insight into vital aspects of today's infrastructure industries.