SOURCE: O-I Glass, Inc.
DESCRIPTION:
February 28, 2022 /3BL Media/ - O-I Glass, Inc. (“O-I”) (NYSE: OI) and ENGIE’s business entity “Global Energy Management & Sales” reached a long-term agreement for ENGIE to initially provide an aggregate 4.3 TWh of renewable electricity to O-I sites in Europe. Over a ten-year period, ENGIE will supply O-I facilities in Europe with electricity generated from solar, wind and hydro sources.
This transaction is the latest deal of the growing business relationship between the two companies. ENGIE already supplies O-I with natural gas and electricity in several European countries, as well as energy efficiency services for O-I factories in France. In Mexico and Peru, O-I also sources electricity from ENGIE, while 25% of O-I’s electricity consumption in the US is supplied by ENGIE with renewable electricity.
“Thanks to a wide range of solutions for energy risk management, ENGIE is connecting the dots between the challenging sustainability goals of energy-intensive global companies like O-I on the one hand, and innovative low-carbon solutions on the other hand. Our large and diverse portfolio of carbon-neutral products was instrumental to design a tailormade solution for O-I.” says Olivier BLOEYAERT, Executive Committee member of ENGIE’s business entity “Global Energy Management & Sales”; adding: “We are proud to support our business partner O-I in their efforts for a sustainable future.”
“At O-I, our vision is to be the most innovative, sustainable, and chosen supplier of brand-building packaging solutions. While we believe glass packaging is already the most sustainable packaging solution, sustainability at O-I is about more than what we make”, said Randy Burns, Chief Sustainability Officer at O-I. “This long-term agreement is an important building block towards our pledge to reduce O-I’s global greenhouse gas emissions by 25% by 2030. As part of our roadmap, we are striving to increase our global renewable electricity consumption to between 30% and 35% this year. At O-I, the journey to sustainability is grounded in resilience, innovation, and the ever-present challenge to transform what we do.”
About O-I
At O-I Glass, Inc. (NYSE: OI), we love glass and we’re proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it’s also pure, healthy and completely recyclable; making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 24,000 people across 70 plants in 19 countries, O-I achieved revenues of $6.4 billion in 2021. Recognizing the tremendous benefits of glass, the United Nations has designated 2022 as the International Year of Glass to celebrate the past, present, and future of this transformative material. Learn more about us:
o-i.com / Facebook / Twitter / Instagram / LinkedIn
O-I Press contact:
Stefan Weinmann
Director, Global Corporate Communications
stefan.weinmann@o-i.com
Tel. office +41 21 703 41 44
Tel. mobile +41 78 655 00 10
About ENGIE’s Business Entity “Global Energy Management & Sales”
ENGIE is a global reference in low-carbon energy and services. As one of the Group’s business entity, “Global Energy Management & Sales” provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation. Relying on 3,300 worldwide-based employees through 20+ business platforms, “Global Energy Management & Sales” covers the full energy mix – renewable and thermal power, natural gas & LNG, biomass, environmental products – and offers to its 120 000 clients of which 800 large accounts tailor-made services and respond to rapid changes in mature or emerging markets.
ENGIE’s Business Entity “Global Energy Management & Sales” Press contact:
Tiffany NGO
Communication officer
tiffany.ngo@engie.com
KEYWORDS: NYSE: OI, O-I Glass, ENGIE, renewable electricity
