Business Daily Media

Men's Weekly

.

SIBUR to use green energy to reduce carbon footprint of production

MOSCOW, RUSSIA - Media OutReach Newswire - 31 October 2024 - SIBUR, Russia's largest producer of polymers and rubber, has agreed to purchase additional electricity from renewable sources to reduce the carbon footprint of its production sites, in line with its ESG strategy.



The company plans to purchase 62,000 MWh of electricity generated at TGC-1 hydroelectric power plants to meet the energy needs of two of its production facilities: SIBUR-PETF and POLIEF, both of which manufacture polyethylene terephthalate.

The agreement will enable SIBUR to operate one of the sites, SIBUR-PETF, entirely on renewable energy, thus achieving one of the most ambitious goals outlined in its sustainability strategy.

In addition, the deal will increase the use of green energy at POLIEF, which already operates a solar power plant that provides approximately 25% of the electricity used for the production of Vivilen granules, which are made with recycled plastic (rPET).

According to its sustainability strategy, SIBUR aims to increase the share of renewable energy in its energy mix fivefold by 2025 compared with 2020 levels. The company is already operating two solar power plants. In addition to utilising green energy, SIBUR is committed to reducing greenhouse gas emissions from production through the adoption of low-carbon technologies.


Hashtag: #SIBUR

The issuer is solely responsible for the content of this announcement.

News from Asia

Rhenus to Invest $20 Million USD to Drive Business Growth in Philippines with Strategic Expansion in Infrastructure and Services

Rhenus Air & Ocean sets up a head office in Pasay to expand International Freight operations and scale up its Global Shared Service Center.

Hainan Free Trade Port Promotion Conference held in Hong Kong

HONG KONG SAR - Media OutReach Newswire - 10 September 2025 - On the occasion of the 100-day countdown to the island-wide independent customs operation of the Hainan Free Trade Port (Hainan FTZ), ...

inDrive Launched 0% Commission Program to Protect Driver’s Income During Emergency Situation

JAKARTA, INDONESIA - Media OutReach Newswire - 10 September 2025 - inDrive, a global urban mobility platform, reaffirms its commitment to prioritizing the welfare of drivers. As a support measure ...

REMA TIP TOP Acquires Key Assets of Almex Group, Strengthening Global Position in Conveyor Technology

MUNICH, GERMANY - Newsaktuell - 10 September 2025 - REMA TIP TOP acquires significant assets and operations of the Canadian Almex Group. With the acquisition, the company expands its portfolio in t...

Vantage Data Centers Secures $1.6B Investment in APAC Platform from GIC and ADIA

Investment to support accelerated expansion in APAC, including acquisition of hyperscale data center campus in Johor, Malaysia, strengthening Vantage’s position as a market leader in Asia Pacific D...

AUX Commences Trading on Hong Kong Stock Exchange, Launching New Chapter in Global Growth

HONG KONG SAR - Media OutReach Newswire - 10 September 2025 - AUX Electric Co., Ltd. (Stock Code: 2580.HK), the core air conditioning business of AUX Group, listed on the Hong Kong Stock Exchange ...

BeOne Medicines Honored with the Global Oncology Innovation Leadership Award at BIOHK 2025, Supporting "1+" to Accelerate the Delivery of Innovative Cancer Therapies

HONG KONG SAR - Media OutReach Newswire - 11 September 2025 - BeOne Medicines (BeOne)(NASDAQ: ONC; HKEX: 06160; SSE: 688235), was honored today at BIOHK 2025, the Hong Kong International Biotechno...

Gree Showcases Photovoltaic DC Air Conditioning System at Gree Summit Partner, Positioning Singapore as Green Innovation Hub

SINGAPORE - Media OutReach Newswire - 11 September 2025 - Singapore has long been recognized as a pivotal hub in Gree's Southeast Asia growth strategy. With its advanced infrastructure, strong sus...

TIYA Conference 2025: Over 150 Youth Leaders from 15 Countries Gathered to Advance United Nations’ SDGs

Three-day conference in Singapore empowers young changemakers through mentorship and international collaborationSINGAPORE - Media OutReach Newswire - 11 September 2025 - Tzu-Chi Foundation (Singap...

Finex Collaborates with Sharing Happiness to Honor Indonesian Veterans

JAKARTA, INDONESIA - Media OutReach Newswire - 11 September 2025 - Finex, an acclaimed Indonesian broker, and Sharing Happiness, a charity organization, partnered to honor the members of the Indo...

AWS research shows strong AI adoption momentum in Australia, with startups outpacing large enterprises in innovation

Amazon Web Services (AWS), an Amazon.com company, released new research revealing that while artificial intelligence (AI) adoption continues to acce...

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs,  has today appoint...

Sell by LayBy