Lenzing AG / Key word(s): Sustainability/Contract
09.11.2023 / 12:04 CET/CEST
The issuer is solely responsible for the content of this announcement.
Supply contract with WLK energy increases independence from fossil fuels and secures long-term power supply New plant will supply Upper Austrian site with around 13 megawatts of renewable wind power from 2025 – groundbreaking ceremony takes place today, November 09 Lenzing/Engelhartstetten – The Lenzing Group, a leading global supplier of specialty fibers for the textile and nonwovens industries, has concluded a supply contract with the Austrian electricity producer WLK energy for the purchase of around 13 megawatts of wind power. Lenzing is thus not only underlining its commitment to climate protection and the energy transition, but is also making a long-term investment in a price-stable and diversified electricity supply. The contract has a term of 15 years and provides for supply from the new wind farm in Engelhartstetten from the first quarter of 2025. The construction of the wind farm is a joint project involving several partners, including the operator and electricity supplier WLK energy, based in Untersiebenbrunn (Lower Austria). The total output of the wind farm with a total of eleven wind turbines will be around 45 megawatts. The share of around 13 megawatts, which will be produced exclusively for the needs of the Lenzing site (Upper Austria), corresponds to the average electricity requirements of around 10,000 households per year in Austria. The ground-breaking ceremony to mark the start of construction will take place today, November 09, 2023, with representatives from politics and business. “The generation of renewable electrical energy from wind and solar power and from biomass is a cornerstone of our corporate strategy and the basis for long-term commercial success. With the Engelhartstetten wind farm, we are not only making another significant contribution to the decarbonization of Lenzing. Together with our strong partners, we are also positioning ourselves even more independently of the global energy market and thus gain more planning security”, says Christian Skilich, member of the Management Board of the Lenzing Group. In 2019, Lenzing was the first fiber manufacturer to set itself the goal of reducing its CO2 emissions by 50 percent by 2030 and becoming carbon-neutral by 2050. This CO2 reduction target was recognized by the Science Based Targets Initiative. In 2022, Lenzing opened Upper Austria's largest open-space photovoltaic plant together with Verbund and also signed an electricity supply contract for photovoltaic energy with the green electricity producer Enery and Energie Steiermark. Photo download: (Photos of the ground-breaking ceremony will be added shortly): https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=XDCGqV60AFwa PIN: XDCGqV60AFwa Your contacts:
Dominic Köfner
Vice President Corporate Communications & Public Affairs
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria
Phone +43 7672 701 2743
E-mail media@lenzing.com
Web www.lenzing.com
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Daniel Winkelmeier
Communications Manager
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria
Phone +43 7672 701 2871
E-mail media@lenzing.com
Web www.lenzing.com
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About the Lenzing Group
The Lenzing Group stands for ecologically responsible production of specialty fibers made from the renewable raw material wood. As an innovation leader, Lenzing is a partner of global textile and nonwoven manufacturers and drives many new technological developments.
The Lenzing Group’s high-quality fibers form the basis for a variety of textile applications ranging from elegant clothing to versatile denims and high-performance sports clothing. Due to their consistent high quality, their biodegradability and compostability Lenzing fibers are also highly suitable for hygiene products and agricultural applications.
The business model of the Lenzing Group goes far beyond that of a traditional fiber producer. Together with its customers and partners, Lenzing develops innovative products along the value chain, creating added value for consumers. The Lenzing Group strives for the efficient utilization and processing of all raw materials and offers solutions to help redirect the textile sector towards a closed-loop economy. In order to reduce the speed of global warming and to accomplish the targets of the Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing has a clear vision: namely to make a zero-carbon future come true.
Key Facts & Figures Lenzing Group 2022
Revenue: EUR 2.57 bn
Nominal capacity: 1,145,000 tonnes
Number of employees (headcount): 8,301
TENCEL™, VEOCEL™, LENZING™, REFIBRA™, ECOVERO™, LENZING MODAL™, LENZING VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG. |
09.11.2023 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com
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