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MOSCOW (MRC) -- On the way to becoming
a climate-positive company, Henkel has signed a large-scale virtual power
purchase agreement (VPPA) relating to a new wind farm in Bee County, Texas, said
the company.
The agreed capacity equals 100 percent of the electricity
demand of Henkel’s operations in the US, which comprise more than 30 production
sites across the country. The long-term commitment contributes to increasing the
share of renewable energy in the grid and supports Henkel to reach its climate
protection targets, which were approved by the “Science Based Targets
initiative” earlier this year.
In order to reach its goal to source 100
percent renewable electricity for its production sites by 2030, Henkel follows a
combination of on-site production of green energy, direct purchase, and virtual
coverage. This involves, for example, entering into long-term VPPAs that feed
power from specific renewable energy plants into the supply grid – in an amount
that is equal to the amount consumed. Thus, Henkel contributes to creating
additional renewable energy generation capacity by way of its green power
purchase.
"At Henkel, we want to make a positive contribution to climate
protection and further accelerate our efforts. Based on our strong achievements,
we have reaffirmed our commitment to become climate-positive by 2040. The power
purchase agreement demonstrates how we can drive tangible progress towards
achieving our ambitious targets,” explained Sylvie Nicol, Member of the Henkel
Management Board responsible for Human Resources and Sustainability.
"We
are proud of having entered into a large-scale VPPA in the US market, which
marks a true milestone and significantly strengthens Henkel's contribution to
climate protection. Thanks to the excellent collaboration of our Purchasing and
Finance teams we demonstrated our ability of taking innovative approaches to
sourcing sustainable energy. For us, this is both an achievement and a
motivation to evaluate further potential of such concepts as contribution to our
sustainability agenda,” said Marco Swoboda, Chief Financial Officer at
Henkel.
Henkel’s VPPA in the US is connected to a new wind power project,
which is being developed by energy provider Orsted. "In addition to
generating clean energy, the wind farm will provide a significant source of new
revenue for the local government, schools, and landowners," said Philip Moore,
Senior Vice President at Orsted.
With an overall production of around
600,000 MWh per year, the wind farm is scheduled to be connected to the grid in
early 2022. Henkel’s agreement comprises half of the wind farm’s electricity
capacity at fixed terms over a period of more than 10 years. Henkel was advised
on the VPPA by Schneider Electric Energy & Sustainability
Services.
Ethylene and propylene are feedstocks for producing
polyethylene (PE) and polypropylene (PP).
According to MRC's DataScope report, PE
imports to Russia dropped in January-June 2020 by 7% year on year to 328,000
tonnes. High density polyethylene (HDPE) accounted for the main decrease in
imports. At the same time, PP imports into Russia rose in the first six months
of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer
(homopolymer PP) accounted for the main increase in imports. |
