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Lenzing Continues Renewable Energy Investments

The Lenzing Group, a global provider of wood-based specialty fibers, has signed an electricity supply contract with green power producer Enery and Energie Steiermark to finance a photovoltaic plant in Austria’s Deutschlandsberg region.

The electricity generated will supply the fiber and pulp plant at the company’s site in Lenzing, Austria, after commissioning starting in the fourth quarter of 2023. The electricity supply contract is for 20 years.

The plant’s output will amount to 5.5 megawatt peak, corresponding to the average annual electricity demand of more than 1,700 households, Lenzing noted. Several photovoltaic systems are already being installed at the Lenzing site, including the largest ground-mounted plant in the province of Upper Austria.

“In order to reduce our carbon emissions even further in line with our strategic targets, we aim in the future to rely to an even greater extent on electricity generated from renewable energies,” Stephan Sielaff, Lenzing Group CEO, said. “Concepts such as these will make us less dependent on global energy markets in the medium to long term and further support our transition from a linear to a circular economy model.”

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In 2019, Lenzing became one of the first fiber manufacturers to set a target to reduce its carbon emissions 50 percent by 2030 and to be climate neutral by 2050. This carbon reduction target has been confirmed by the Science Based Targets Initiative.

Lenzing is also investing in reducing carbon emissions at other sites worldwide. Recently, the Lenzing Group announced that its Indonesian site will also be relying on green energy in the future by investing in the reduction of carbon emissions, as well as air and water emissions. Thanks to its 100 million euro ($100 million) investment in this area, Lenzing is gradually transitioning its existing capacities for standard viscose to Lenzing Ecovero and Veocl branded specialty viscose.

“We are very pleased to have signed one of the first long-term electricity supply contracts with a leading Austrian industrial company for our first solar park in the province of Styria,” Richard König, CEO of Enery, and Lukas Nemec, chief operating officer of Enery, said in a joint statement. “In the context of our industry partnership, we are particularly pleased to make a contribution to ensuring that Austrian industry receives competitive and sustainable green power in order to remain internationally competitive within this turbulent market environment.”