AkzoNobel Increases Share of Renewable Energy from Swedish Power Company
AMSTERDAM - A new contract with Swedish energy company Vattenfall will enable AkzoNobel to ramp up the supply of renewable electricity to its facilities in Sweden and Finland. Hydropower and wind already make up the majority of the electricity supplied by Vattenfall, and the companies have agreed to further increase the share of renewable energy to the facilities to 100% by 2020.
AkzoNobel currently has a global renewable energy share of 40%; this contract takes the share in the Nordic region to 60%. "As an energy intensive company, we are always looking to do more with less," said Anders Österlund, Energy Director, AkzoNobel. "This contract provides a reliable and affordable energy supply in support of our sustainability strategy."