Ingevity Corporation, announced it has entered into a renewable product purchase agreement (RPPA) with a subsidiary of NextEra Energy Resources, LLC, to produce offsetting renewable energy to lower Scope 2 emissions related to Ingevity’s United States (U.S.) manufacturing locations.
Ingevity aims to reduce the company’s greenhouse gas (GHG) emissions and be carbon neutral for absolute GHG emissions from manufacturing operations by 2050. Ingevity’s sustainability commitment includes decarbonization through increasing the use of renewable energy in its operations and by collaborating with renewable energy producers like NextEra Energy Resources to increase the amount of renewable energy available in the U.S.
“Ingevity was founded on using renewably-sourced chemistries and materials to purify, protect and enhance,” said Ingevity president and CEO, John Fortson. “Collaborating with NextEra Energy Resources for the development of a solar facility in a location in the U.S. with high electricity demands to create renewably-sourced energy is a natural extension of our sustainability profile and an important element in our effort to achieve carbon neutrality for the benefit of our operations and the industries that rely on our products to advance their own sustainability goals.”
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As part of the agreement, Ingevity will receive 85 megawatts of capacity at a new NextEra Energy Resources solar site to be constructed in North Texas. With Ingevity’s commitment to the project and NextEra Energy Resources’ deep expertise in developing and generating renewable energy, the project will contribute a significant source of sustainable energy to Texas.
“We have a history of collaborating with Ingevity to develop customized solutions to help meet their goals,” said Rebecca Kujawa, NextEra Energy Resources president and CEO. “In terms of reducing carbon emissions, a solar project of this scale is equivalent to the electricity needed to power an average of 14,000 homes per year, with the added benefits of generating new jobs and creating economic impacts for Texas and beyond.”
In exchange for Ingevity’s commitment to the project, Ingevity will receive and retire renewable energy credits to offset a significant portion of its Scope 2 emissions from U.S. manufacturing locations and advance the company toward its 2050 target.
NextEra Energy Resources and Ingevity expect the solar facility to be fully operational by the end of 2025.
SOURCE: BusinessWire