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    SUN   CH0038388911

SULZER LTD

(SUN)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 10/28 08:01:30 am
91.375 CHF   -0.73%
10/27Sulzer Reiterates FY21 Guidance on Strong Q3 Order Growth
MT
10/27Strong orders, guidance confirmed
PU
10/27Q3 2021 presentation pdf
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Sulzer : and Blue Planet announce partnership to reduce CO2 emissions to sustainably transform the cement industry

06/14/2021 | 04:01am EDT

US-based company Blue Planet is developing a profitable and sustainable CCUS system that captures CO2 from a variety of emission sources. These include power, steel, cement, refining, direct air capture and other CO2 emitting industries. The system mineralizes the CO2 to form highly sustainable synthetic limestone aggregates by permanently sequestering the CO2 in a solid form to be incorporated in concrete. Aggregate is the main component of concrete (70 - 90%) and the most used building material worldwide. Aggregates in concrete are bound together by cement, a significant contributor to global CO2 emissions (7% as per the International Energy Agency). With this process the CO2 footprint of cement in the concrete is more than off-set.

Sulzer Chemtech, the leader in separation and mixing technology, is developing an efficient and effective carbon capture unit that will be a key enabler in Blue Planet's process. This will be installed in Blue Planet's pilot plant, which is being constructed in Pittsburg, California, USA, and will capture emissions from an adjacent natural gas-fired power plant. The facility will leverage Sulzer Chemtech's technologies providing high CO2 absorption performance while maintaining low energy consumption.

Brent R. Constantz, Ph.D., CEO at Blue Planet, comments: 'Sulzer Chemtech is an ideal partner to help us meet our goal of delivering cost and energy efficient plants to permanently store CO2 in concrete by producing sustainable cement and concrete using Blue Planet's technology. Together, we will be able to offer market leading solutions to help businesses reduce their carbon footprint.'

Torsten Wintergerste, Division President Chemtech, concludes: 'We are delighted to contribute our expertise of circular applications to such a cutting-edge project. It will help reduce carbon emissions from industrial applications and the cement sector - a main concern of our customers.'

Disclaimer

Sulzer AG published this content on 14 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2021 08:00:01 UTC.


ę Publicnow 2021
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Financials
Sales 2021 3 218 M 3 500 M 3 500 M
Net income 2021 144 M 157 M 157 M
Net Debt 2021 477 M 519 M 519 M
P/E ratio 2021 20,4x
Yield 2021 3,59%
Capitalization 3 110 M 3 386 M 3 383 M
EV / Sales 2021 1,11x
EV / Sales 2022 1,04x
Nbr of Employees 15 574
Free-Float 49,4%
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Mean consensus BUY
Number of Analysts 5
Last Close Price 92,05 CHF
Average target price 105,00 CHF
Spread / Average Target 14,1%
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Managers and Directors
GrÚgoire Poux-Guillaume Chief Executive Officer
Jill Ghim Ha Lee Chief Financial Officer
Peter D. L÷scher Chairman
Gerhard Roiss Independent Non-Executive Director
Hanne Birgitte Sorensen Independent Non-Executive Director
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