A cementitious product for applications such as stucco, plaster coating, fireproof coatings, casting/molding applications and flooring. The product is a blend of magnesium oxide and magnesium chloride. Suitable fillers such as bottom ash, fly ash, clinker and other pulverized materials may be added. Fibrous materials, foaming agents and surfactants may also be added to achieve product characteristics for specific application. Processes for blending the selected ingredients are also disclosed.