Potential offtaker

King Yuan Fu Packaging

www.kyf.com.tw

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King Yuan Fu Packaging is a leading packaging company based in Taiwan that specializes in the production of high-quality packaging materials for various industries. The company has been in operation for over 30 years and has gained a reputation for its commitment to quality, innovation, and sustainability.

With the growing concern for the environment and the need for decarbonisation, King Yuan Fu Packaging has taken a proactive approach to reduce its carbon footprint and promote renewable energy. The company has implemented various measures to reduce its energy consumption and increase its use of renewable energy sources.

One of the key initiatives that King Yuan Fu Packaging has undertaken is the implementation of a corporate energy plan. The company has set ambitious targets to reduce its energy consumption by 20% by 2025. To achieve this, the company has invested in energy-efficient equipment and technologies, such as LED lighting and high-efficiency motors. The company has also implemented energy-saving measures, such as turning off lights and equipment when not in use, and optimizing its production processes to reduce energy waste.

In addition to reducing its energy consumption, King Yuan Fu Packaging has also invested in renewable energy sources. The company has installed solar panels on its rooftops to generate clean energy and reduce its reliance on fossil fuels. The solar panels have a combined capacity of 1 MW and are expected to generate over 1,200 MWh of electricity annually, which is equivalent to the energy consumption of over 300 households.

To further promote renewable energy, King Yuan Fu Packaging has also entered into a corporate power purchase agreement (PPA) with a local renewable energy provider. Under the PPA, the company will purchase renewable energy from the provider at a fixed price for a period of 10 years. This will not only help the company to reduce its carbon footprint but also support the growth of the renewable energy industry in Taiwan.

King Yuan Fu Packaging's commitment to sustainability and renewable energy has not gone unnoticed. The company has been recognized for its efforts by various organizations, including the Taiwan Ministry of Economic Affairs, which awarded the company the Green Energy Award in 2019.

In addition to its environmental initiatives, King Yuan Fu Packaging is also committed to social responsibility. The company has implemented various programs to support its employees and the local community. For example, the company provides its employees with training and development opportunities to enhance their skills and career prospects. The company also supports local charities and community projects, such as providing scholarships to underprivileged students and donating to disaster relief efforts.

In conclusion, King Yuan Fu Packaging is a leading packaging company in Taiwan that is committed to sustainability, renewable energy, and social responsibility. The company has implemented various measures to reduce its carbon footprint, promote renewable energy, and support its employees and the local community. With its proactive approach to sustainability, King Yuan Fu Packaging is setting an example for other companies to follow and contributing to the global effort to combat climate change.

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