Categories: News

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.

Miscw.com

Recent Posts

New feather in cap for Hong Kong’s legal hub

HONG KONG SAR - Media OutReach Newswire - 18 December 2025 - Another international law-related…

6 hours ago

China turns Hainan Island into special customs supervision zone

HAIKOU, CHINA - Media OutReach Newswire - 18 December 2025 - China on Thursday launched…

8 hours ago

Hainan Winter Trade Fair Links Global Markets, Unlocks FTP Agricultural Opportunities

HAIKOU, CHINA - Media OutReach Newswire - 18 December 2025 - The 28th China (Hainan)…

8 hours ago

MOCA Singapore Presents 3001 KM: Eight Years Between Us, in Partnership with PureView Art Foundation

A rare exhibition tracing an eight-year cross-cultural art journey between rural Yunnan and Singapore, showing…

11 hours ago

ESG Achievement Awards 2024/2025 Winners Announced

Celebrating 26 Visionary Leadership in Sustainability HONG KONG SAR - Media OutReach Newswire - 18…

12 hours ago