Solvay SA (GB:0NZR) has released an update.
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Solvay is advancing its sustainability goals by launching the Woodpower project at its Rheinberg site, transitioning from coal to renewable energy sourced from waste wood. This initiative aims to phase out coal entirely, reduce CO2 emissions, and contribute to a 5% reduction in the company’s Group-wide greenhouse gas emissions by 2025. The project is part of Solvay’s broader strategy to cut emissions by 30% by 2030, significantly impacting global decarbonization efforts.
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