NewAge Industries Inc is a leading manufacturer and distributor of high-quality plastic tubing, rubber hose, and fittings for various industries. The company has been in operation for over 60 years and has built a reputation for delivering innovative solutions to its customers. NewAge Industries Inc is headquartered in Southampton, Pennsylvania, and has manufacturing facilities in Pennsylvania and Nevada.
The company operates in the Fabricated Metal & Hardware sector, which is a highly competitive industry. To remain competitive, NewAge Industries Inc has invested in decarbonisation initiatives that reduce its carbon footprint and contribute to a sustainable future. The company has implemented various measures to reduce its energy consumption, such as upgrading its lighting systems, installing energy-efficient equipment, and optimizing its production processes.
NewAge Industries Inc is committed to corporate energy management and has implemented an energy management system that monitors and controls its energy consumption. The system provides real-time data on energy usage, which enables the company to identify areas where it can reduce its energy consumption and costs. The company has also set energy reduction targets and regularly reviews its progress towards achieving them.
One of the ways that NewAge Industries Inc has achieved its energy reduction targets is by investing in renewable energy. The company has installed solar panels at its manufacturing facilities, which generate clean energy and reduce its reliance on fossil fuels. The solar panels have a capacity of 2.3 MW and generate approximately 3,000,000 kWh of electricity annually. This is equivalent to the energy consumption of 300 homes and reduces the company's carbon emissions by approximately 2,000 metric tons per year.
In addition to investing in renewable energy, NewAge Industries Inc has also entered into a corporate power purchase agreement (PPA) with a wind farm in Texas. The PPA enables the company to purchase renewable energy at a fixed price for a specified period. This provides the company with a stable and predictable source of renewable energy, which reduces its exposure to volatile energy prices and supports the growth of the renewable energy industry.
NewAge Industries Inc is also committed to reducing its carbon footprint through the use of sustainable materials. The company has developed a range of products that are made from bio-based materials, such as plant-based resins and recycled plastics. These materials have a lower carbon footprint than traditional petroleum-based materials and contribute to a circular economy.
NewAge Industries Inc's commitment to sustainability has been recognized by various organizations. The company has received numerous awards for its sustainability initiatives, including the Pennsylvania Governor's Award for Environmental Excellence and the Green Business of the Year award from the Lower Bucks County Chamber of Commerce.
In conclusion, NewAge Industries Inc is a leading manufacturer and distributor of high-quality plastic tubing, rubber hose, and fittings for various industries. The company operates in the Fabricated Metal & Hardware sector and has invested in decarbonisation initiatives that reduce its carbon footprint and contribute to a sustainable future. NewAge Industries Inc is committed to corporate energy management, renewable energy, and the use of sustainable materials. The company's sustainability initiatives have been recognized by various organizations, and it continues to lead the way in sustainable manufacturing practices.