Potential offtaker

Hansoll Textile Ltd.

www.hansoll.com

Estimated electricity consumption

N/A

Countries of production presence

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Hansoll Textile Ltd. is a leading textile manufacturer based in South Korea. The company specializes in the production of high-quality fabrics, yarns, and garments for various industries, including fashion, home textiles, and industrial textiles. With a strong commitment to sustainability, Hansoll Textile has been at the forefront of decarbonisation efforts in the textile industry, adopting innovative technologies and practices to reduce its carbon footprint and promote renewable energy.

Corporate Energy and Decarbonisation

Hansoll Textile has set ambitious targets to reduce its greenhouse gas emissions and become a carbon-neutral company by 2050. To achieve this goal, the company has implemented a range of measures to improve energy efficiency, reduce waste, and promote renewable energy. One of the key initiatives is the adoption of corporate energy management systems (EMS) that enable the company to monitor and optimize its energy consumption across all operations. The EMS provides real-time data on energy use, identifies areas of inefficiency, and helps to reduce energy waste.

Hansoll Textile has also invested in renewable energy sources such as solar and wind power to reduce its reliance on fossil fuels. The company has installed solar panels on the roofs of its factories and offices, generating clean energy to power its operations. In addition, Hansoll Textile has partnered with local renewable energy providers to purchase renewable energy certificates (RECs) and support the development of new renewable energy projects.

Corporate Power Purchase Agreements (PPAs)

To further promote renewable energy, Hansoll Textile has entered into corporate power purchase agreements (PPAs) with renewable energy providers. A corporate PPA is a long-term contract between a company and a renewable energy provider to purchase a fixed amount of renewable energy at a predetermined price. By entering into a PPA, Hansoll Textile can secure a stable and predictable supply of renewable energy, reduce its exposure to volatile energy prices, and support the development of new renewable energy projects.

Hansoll Textile has signed several PPAs with renewable energy providers in South Korea, including wind and solar power projects. The company has also partnered with international renewable energy providers to purchase renewable energy from offshore wind farms in Europe. These partnerships have enabled Hansoll Textile to increase its renewable energy consumption and reduce its carbon footprint.

Renewable Energy and Sustainable Textile Production

Hansoll Textile's commitment to renewable energy and sustainability extends beyond its own operations. The company has implemented sustainable textile production practices, including the use of eco-friendly materials, water conservation, and waste reduction. Hansoll Textile has developed a range of sustainable fabrics, including recycled polyester, organic cotton, and Tencel, a sustainable fabric made from wood pulp.

The company has also implemented water conservation measures, such as the use of closed-loop water systems that recycle and reuse water in textile production. This reduces the amount of water used in production and minimizes water pollution. In addition, Hansoll Textile has implemented waste reduction measures, such as the use of biodegradable packaging materials and the recycling of textile waste.

Conclusion

Hansoll Textile Ltd. is a leading textile manufacturer based in South Korea that has demonstrated a strong commitment to sustainability and decarbonisation. The company has implemented a range of measures to reduce its carbon footprint, including the adoption of corporate energy management systems, the use of renewable energy sources, and the signing of corporate power purchase agreements with renewable energy providers. In addition, Hansoll Textile has implemented sustainable textile production practices, including the use of eco-friendly materials, water conservation, and waste reduction. By adopting innovative technologies and practices, Hansoll Textile is leading the way in sustainable textile production and promoting a more sustainable future for the textile industry.