Akzo Nobel announced that it has signed a new contract with Vattenfall to ramp up the supply of renewable electricity for its facilities in Sweden and Finland.
Amsterdam/The Netherlands — According to the chemicals manufacturer, hydro power and wind already make up the majority of the electricity supplied by Vattenfall. Now, the companies have agreed to further increase the share of renewable energy to the facilities to 100 % by 2020.
Akzo Nobel claims that it currently has a global renewable energy share of 40 %; this contract would take the share in the Nordic region to 60 %. "As an energy intensive company, we are always looking to do more with less," says Anders Österlund, Energy Director, Akzo Nobel. "This contract provides a reliable and affordable energy supply in support of our sustainability strategy."
The contract supplies the company with 1.25 terawatt hours of electricity per year to power six Specialty Chemicals sites and one Performance Coatings facility.
The energy supplier and Akzo Nobel intend to balance swings in renewable power supply on the Swedish national grid in order to bolster swings in supply of renewable energy sources in the country.
"Akzo Nobel's aim to increase the use of renewable energy fits well with the strategy of Vattenfall to power climate-smarter living," says Branislav Slavic, Head of Business Sales Nordic, Vattenfall. "Akzo Nobel was looking for a partner for long-term cooperation, renewable electricity and flexibility in supplies. I am pleased that Vattenfall can enable our customers like Akzo Nobel to reach their sustainability targets. The deal shows that it is possible to combine customer needs and contribute to a climate smart society."