Titan signs deal with Serbia’s EPS for fly ash from coal power plant

Titan Group announced a 10-year agreement with Serbian power utility Elektroprivreda Srbije (EPS) for access to five million tons of fly ash from the TENT B coal power plant. The cement maker said the arrangement would enable it to deliver high-performance and low-carbon building materials.

Following its contracts with other Serbian cement producers, state-owned power utility Elektroprivreda Srbije also struck a long-term deal on delivering its fly ash to Titan Group. Headquartered in Athens and traded and registered in Brussels, the buyer owns a plant in Kosjerić in the country’s west.

The ten-year agreement is for five million tons of fresh fly ash from the Termoelektrana Nikola Tesla B (TENT B) coal plant, Titan Group revealed. The move accelerates the expansion of its alternative cementitious materials (ACMs) platform, the announcement adds.

Titan Group counts on demand for low-carbon building materials

By securing high-quality supply at scale, Titan enhances supply chain resilience and competitiveness, positioning the group to benefit from growing customer demand for low-carbon building materials and solutions, according to the update. The company said fly ash and other ACMs serve as lower-carbon substitutes for clinker in cement and concrete, enabling customers in Southeastern Europe and beyond to significantly reduce embodied carbon dioxide emissions in construction projects.

The new deal supports Titan’s ambition for a profitable decarbonization and reinforces its net zero and circular economy objectives, said the group’s Cementitious and Energy Chief Executive Jean-Philippe Bénard. In his words, it provides environmental benefits and positions the company to deliver high-performance and low-carbon building materials while creating long-term stakeholder value.

Deal in Serbia builds on extensive ACM portfolio

Titan’s ACM portfolio includes pozzolan in Turkey at Vezirhan and in Greece in partnership with Aegean Perlites, alongside the Atlas joint venture with Jaycee in India for fly ash and the recovery of ponded fly ash in the decommissioned Fiddler’s Ferry power station in the United Kingdom, under an agreement with Peel, the site’s owner.

Titan Serbia’s plant intends to use the waste ash for low-clinker products

The group said it would continue to scale the global ACMs platform in line with its Titan Forward 2029 strategy. It entails dedicating a capital expenditure (capex) envelope up to EUR 0.5 billion in the next years, with the aim of reaching 10% of turnover by 2029.

“We are very pleased with our partnership with EPS, which strengthens Titan Serbia’s operations. This agreement enables us to offer a sustainable solution for managing industrial waste in the country, benefiting both the environment and local communities. At the same time, we will implement a significant investment plan to upgrade Titan Serbia’s infrastructure. This will further ensure that our customers will gain the advantages of our low-clinker products, supporting more sustainable construction practices,” said General Manager of Titan Serbia Miroslav Gligorijević.

The state-owned company generates up to seven million tons of ash and slag per year in its coal-fired power plants.