The Huhtamaki packaging company secured an agreement with a firm that will provide them up to 1GW worth of sustainable energy produced through photovoltaics, making this not only the first but also one-of-its kind deal for both parties involved!
The agreement will see them purchasing solar panels worth €40 million over 5 years which is expected to generate more than 3% return annually on investment.
Huhtamaki, a global plastics company with 18 manufacturing sites across 10 countries recently settled on 200 GWh of agreements for its current usage in Europe. The agreement includes 80% coverage to ensure sustainability and protection from price fluctuations resulting from energy shortages or surpluses that are becoming increasingly prevalent. This is due to the increasing amounts of energy being consumed per capita worldwide. This aggreement whilst addressing this problem also at the same time uses less natural resources used frequently throughout production processes. These include oil products which may become scarce based upon global warming trends if not adequately compensated for by other means of generation – including renewable sources (solar).
According to BayWa r.e., the agreement is a significant step for both parties in their aim of achieving 100% renewable electricity by 2030. It also shows what can be achieved within a short time frames!
The president of Huhtamaki, Charles Héaulmé had this to say about the agreement: “We are fully committed supporting the transition into creating zero-carbon economy” In addition as part its climate strategy there exists clear targets an plans to address all emissions from huotamasiki’s current activities.
Huhtamaki is aiming for 100% renewable energy use by 2030.
Huhtamaki, along with other packaging companies are taking steps in reducing environmental impacts by accounting for and adapting energy usage. Last year SIG announced that they would use real time wind power at their carton production sites Germany while Essity has launched a pilot project replacing natural gas with green hydrogen. This is with the aim to enable CO2-free tissue production.
Read the full article at: packagingeurope.com