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All of the company's manufacturing locations in Latin America are now operating on 100%-renewable electricity, further boosting the company’s ambition to reduce carbon emissions across the full value chain by 50% by 2030. Read examples of how the company is moving towards this goal, globally.
The company's nine manufacturing sites in Brazil are now powered with electricity solely from renewable energy sources, helping to reduce greenhouse gas emissions and transition to a low-carbon economy.
The long-term agreement signed with Ørsted is part of its planned Mockingbird Solar Center in Texas and will offset 70,000 tons of CO2 emissions annually.
Upon commercialization of these projects, more than 65% of the energy for its Roha, India, and Cuddalore, India, sites will be supplied by renewable sources. The investment process is expected to close after customary reviews in the coming weeks.
Under the PPA, the Covestro Integrated Site Shanghai will purchase approximately 300 gigawatt hours of green power annually from CGN's wind and solar farms in Lenghu, China. The agreement will reduce Covestro's carbon emissions in China by around 126,000 metric tons of CO2 per year.
A unique partnership has been set up in which four leading companies, including AkzoNobel, have made a long-term agreement to jointly source power from renewable energy projects for part of their operations in the Netherlands.
Analysis presented during the recent Bloomberg New Energy Finance annual summit in New York offered more evidence that the tide is slowly turning against fossil fuels.
