EQS-News: Lenzing AG: Lenzing speeds up energy transition at its site in Heiligenkreuz
EQS-News: Lenzing AG / Key word(s): Contract/Sustainability
Lenzing AG: Lenzing speeds up energy transition at its site in
Heiligenkreuz
27.04.2023 / 10:12 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Lenzing speeds up energy transition at its site in Heiligenkreuz
• Lenzing acquires biomass power plant to supply the Burgenland lyocell
plant
• Strategic investment in energy independence, site security and CO[2]
reduction
• Strengthening the eco-friendly specialty fiber portfolio
Heiligenkreuz – The Lenzing Group, a world-leading provider of specialty
fibers for the textile and nonwovens industries, signed a contract for the
acquisition of the 43 MW biomass power plant of ENERGIE 42 Beteiligungs
GmbH located in the Heiligenkreuz business park (Burgenland). The
execution of the transaction is in particular subject to regulatory
approvals and is expected in the second quarter of 2023. This strategic
investment will significantly reduce the dependence on fossil energy at
the Lenzing production site in Heiligenkreuz. Around 50 percent of the
natural gas currently used can be replaced by energy from renewable
sources in the future.
The Lenzing Group produces eco-friendly TENCEL™ and VEOCEL™ branded
lyocell fibers as well as a variety of premium fibers such as TENCEL™ x
REFIBRA™ or CO[2] neutral TENCEL™ lyocell fibers for the textile and
nonwovens industries at Heiligenkreuz. Previously, the site was heavily
dependent on natural gas with a share of renewable energy through biomass
and biogasless than ten percent. The exclusive use of biomass from the
nearby power plant will enable the site to reduce its CO[2] emissions
associated with energy use by around 50,000 tons of CO[2] per year.
Lenzing’s specialty fibers contribute to significantly lower CO[2]
emissions throughout the supply chain and help Lenzing’s customers,
especially brands and retailers, achieve their climate and sustainability
goals.
“With this strategic investment, we are making an important contribution
to site security and strengthening our range of eco-friendly specialty
fibers. In the future, we will invest even more in sustainable energy
concepts to further reduce our CO[2] emissions in line with our ambitious
climate target,” says Christian Skilich, Chief Pulp Officer and Chief
Technology Officer of the Lenzing Group.
In line with the Paris Agreement and the United Nations Sustainable
Development Goals, Lenzing made a strategic commitment in 2019 to reduce
its CO[2] emissions per ton of product by 50 percent by 2030. Lenzing also
aims to achieve carbon-neutrality by 2050. The Science Based Target
Initiative validated the target against scientific criteria, making
Lenzing the first manufacturer of wood-based cellulosic fibers with an
approved science-based target.
With the acquisition of the biomass power plant, Lenzing is accelerating
the transition to renewable energies and, thus, also the achievement of
its climate targets. This consistent step also opens up opportunities to
develop other renewable energy sources, such as photovoltaics, to a
greater extent in the future.
Photo download:
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Your contact for
Public Relations:
Dominic Köfner Daniel Winkelmeier
Vice President Corporate Communications & Communications Manager
Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing,
Werkstraße 2, 4860 Lenzing, Austria Austria
Phone +43 7672 701 2743 Phone +43 7672 701 2871
E-mail [2]media@lenzing.com E-mail [4]media@lenzing.com
Web [3] www.lenzing.com Web [5] www.lenzing.com
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 (fibers): 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.
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27.04.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1619003
End of News EQS News Service
1619003 27.04.2023 CET/CEST
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