Potential offtaker

Tianjin Heavy Steel Mechanical Equipment Co.,Ltd.

www.tgsteel.com

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Tianjin Heavy Steel Mechanical Equipment Co., Ltd. is a Chinese company that operates in the Steel Producers sector. The company is one of the leading manufacturers of heavy steel equipment in China and has a strong reputation for producing high-quality products. Tianjin Heavy Steel Mechanical Equipment Co., Ltd. is committed to sustainability and is actively working towards decarbonisation by incorporating renewable energy into its operations.

Corporate Energy

Corporate energy is an essential aspect of Tianjin Heavy Steel Mechanical Equipment Co., Ltd.'s operations. The company recognises the importance of energy efficiency and has implemented several measures to reduce its energy consumption. The company has invested in energy-efficient equipment and has implemented energy management systems to monitor and control its energy usage.

Tianjin Heavy Steel Mechanical Equipment Co., Ltd. has also implemented a comprehensive energy-saving programme that includes the use of energy-efficient lighting, insulation, and heating systems. The company has also invested in renewable energy sources such as solar and wind power to reduce its reliance on fossil fuels.

Corporate PPA

Tianjin Heavy Steel Mechanical Equipment Co., Ltd. has signed a corporate power purchase agreement (PPA) with a renewable energy provider to source its electricity from renewable sources. The company is committed to reducing its carbon footprint and has set a target to source 100% of its electricity from renewable sources by 2030.

The PPA enables Tianjin Heavy Steel Mechanical Equipment Co., Ltd. to purchase renewable energy at a fixed price, providing the company with long-term price stability and reducing its exposure to volatile energy markets. The PPA also supports the development of renewable energy projects, contributing to the growth of the renewable energy sector in China.

Renewable Energy

Renewable energy is a key focus for Tianjin Heavy Steel Mechanical Equipment Co., Ltd. The company recognises the importance of reducing its carbon footprint and is committed to sourcing its energy from renewable sources. The company has invested in solar and wind power to reduce its reliance on fossil fuels and has set a target to source 100% of its electricity from renewable sources by 2030.

Tianjin Heavy Steel Mechanical Equipment Co., Ltd. has also implemented several measures to increase its use of renewable energy. The company has installed solar panels on its facilities to generate electricity, reducing its reliance on the grid. The company has also invested in wind power, with plans to install wind turbines on its facilities in the future.

Decarbonisation

Decarbonisation is a key focus for Tianjin Heavy Steel Mechanical Equipment Co., Ltd. The company recognises the importance of reducing its carbon footprint and is committed to sustainability. The company has implemented several measures to reduce its carbon emissions, including the use of renewable energy sources and energy-efficient equipment.

Tianjin Heavy Steel Mechanical Equipment Co., Ltd. has also implemented a comprehensive carbon management programme, which includes monitoring and reporting its carbon emissions. The company has set a target to reduce its carbon emissions by 30% by 2030, compared to its 2019 baseline.

Conclusion

Tianjin Heavy Steel Mechanical Equipment Co., Ltd. is a leading Chinese company that operates in the Steel Producers sector. The company is committed to sustainability and is actively working towards decarbonisation by incorporating renewable energy into its operations. The company has signed a corporate power purchase agreement (PPA) with a renewable energy provider to source its electricity from renewable sources and has set a target to source 100% of its electricity from renewable sources by 2030. The company has also implemented several measures to reduce its energy consumption and carbon emissions, including the use of energy-efficient equipment and the implementation of a comprehensive carbon management programme. Tianjin Heavy Steel Mechanical Equipment Co., Ltd. is a leading example of a company that is committed to sustainability and is actively working towards decarbonisation.

✓ Science Based Targets member
✓ Declared Net Zero commitment
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