Leilac Secures East Asia Cement Contract, Prioritizes Projects
Key points
- Leilac signs contract with East Asian cement producer for commercial project
- Focus on capital-light, customer-funded commercial deployment model
- Projects with Adani Group, East Asia cement producer, and Frontier prioritized
Full summary
Calix Limited announced that its subsidiary, Leilac Limited, has signed a paid contract with an East Asian cement producer for the development of a potential commercial cement project. The agreement involves an engineering study to assess the technical and economic viability of deploying Leilac's technology at the cement plant, aiming to capture CO2 emissions. Following a strategic review, Leilac is prioritizing projects that require no capital contribution from Calix or Leilac, focusing on near-term revenue opportunities and fast pathways to commercial-scale deployment. Projects with Adani Group's Ambuja Cements, the new East Asian cement producer, and Frontier are prioritized, while other projects are de-prioritized until a funded path to commercial operations is agreed.
Guidance
No specific financial metrics provided in the announcement.
Outlook
Leilac is focusing on projects that require no capital from Calix or Leilac, aiming for near-term revenue opportunities and fast pathways to commercial-scale deployment.
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