Potential offtaker

Klockner Pentaplast

www.kpfilms.com

Estimated electricity consumption

N/A

Countries of production presence

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Klockner Pentaplast is a leading global manufacturer of rigid plastic packaging solutions, serving a wide range of industries including food and beverage, pharmaceuticals, and consumer goods. The company was founded in Germany in 1965 and has since expanded its operations to include facilities in North America, Europe, and Asia.

In recent years, Klockner Pentaplast has made a concerted effort to reduce its carbon footprint and transition to renewable energy sources. The company has set ambitious decarbonisation targets and is actively pursuing a range of initiatives to achieve them.

One of the key ways in which Klockner Pentaplast is working towards decarbonisation is through its corporate energy strategy. The company has implemented a range of energy efficiency measures across its facilities, including the installation of LED lighting and the use of energy-efficient machinery. These measures have not only helped to reduce the company's carbon emissions but have also resulted in significant cost savings.

In addition to energy efficiency, Klockner Pentaplast is also exploring the use of corporate power purchase agreements (PPAs) to support its transition to renewable energy. PPAs are long-term contracts between a company and a renewable energy provider, which guarantee a fixed price for the electricity generated by the provider. By entering into a PPA, Klockner Pentaplast can secure a reliable source of renewable energy while also supporting the growth of the renewable energy sector.

Klockner Pentaplast has already signed several corporate PPAs, including a 10-year agreement with a wind farm in Texas. This agreement will provide the company with 100% renewable energy for its North American operations and is expected to result in a reduction of over 30,000 metric tons of carbon dioxide emissions per year.

In Europe, Klockner Pentaplast is also exploring the use of corporate PPAs to support its renewable energy goals. The company is currently in discussions with several renewable energy providers and is exploring the possibility of entering into long-term agreements to support the development of new renewable energy projects.

Overall, Klockner Pentaplast's commitment to decarbonisation and renewable energy is a testament to its dedication to sustainability and corporate responsibility. The company's efforts to reduce its carbon footprint and transition to renewable energy sources are not only good for the environment but also make good business sense, helping to reduce costs and improve operational efficiency.

Looking ahead, Klockner Pentaplast is committed to continuing its efforts to decarbonise its operations and support the growth of the renewable energy sector. By embracing new technologies and innovative solutions, the company is well-positioned to lead the way in the transition to a more sustainable future.

✓ Science Based Targets member
✓ Declared Net Zero commitment