SIBUR to use green energy to reduce carbon footprint of production

MOSCOW, RUSSIA – Media OutReach Newswire – 31 October 2024 – SIBUR, Russia’s largest producer of polymers and rubber, has agreed to purchase additional electricity from renewable sources to reduce the carbon footprint of its production sites, in line with its ESG strategy.

The company plans to purchase 62,000 MWh of electricity generated at TGC-1 hydroelectric power plants to meet the energy needs of two of its production facilities: SIBUR-PETF and POLIEF, both of which manufacture polyethylene terephthalate.

The agreement will enable SIBUR to operate one of the sites, SIBUR-PETF, entirely on renewable energy, thus achieving one of the most ambitious goals outlined in its sustainability strategy.

In addition, the deal will increase the use of green energy at POLIEF, which already operates a solar power plant that provides approximately 25% of the electricity used for the production of Vivilen granules, which are made with recycled plastic (rPET).

According to its sustainability strategy, SIBUR aims to increase the share of renewable energy in its energy mix fivefold by 2025 compared with 2020 levels. The company is already operating two solar power plants. In addition to utilising green energy, SIBUR is committed to reducing greenhouse gas emissions from production through the adoption of low-carbon technologies.

Hashtag: #SIBUR

The issuer is solely responsible for the content of this announcement.

More Articles From Media OutReach Newswire

Top 2 Best Places to Work in Bangladesh for 2024 Revealed

DHAKA, BANGLADESH – Media OutReach Newswire – 10 January 2025 – The Best Places to Work certification program has recognized …

Results of the IX Digital Asset Industry Classification System (“DAICS®”) 2024 2H Review

HONG KONG SAR – Media OutReach Newswire – 10 January 2025 – Today, IX Asia Indexes announced the 2nd Half …

Results of the ixCrypto Index Series Quarterly Review (2024 Q4) & IX Digital Asset Industry Index Series Half Yearly Review (2024 2H)

HONG KONG SAR – Media OutReach Newswire – 10 January 2025 – Today, IX Asia Indexes announced the 2024 4th …

Finex Launched ‘Get X2’ Trading Competition to Celebrate the New Year

Finex, an Indonesian broker with over a decade of success, launched a trading marathon campaign to start the New Year …
Share via
Copy link