Information  X 
Enter a valid email address

Compagnie St-Gobain (COD)

  Print   

Monday 24 May, 2021

Compagnie St-Gobain

Net-zero carbon plant in Norway

RNS Number : 6427Z
Compagnie de Saint-Gobain
24 May 2021
 

PRESS RELEASE

 

May 24, 2021

 

in NORWAY, SAINT-GOBAIN WILL INCREASE PRODUCTION CAPACITY AND CREATE THE WORLD'S FIRST "NET zero carbon" PLASTERBOARD PLANT

 

Saint-Gobain has announced an investment of approximately €25 million in its plasterboard plant in Fredrikstad, Norway, to increase its production capacity by about 40% and transform it to make it the world's first carbon-neutral plasterboard plant. This investment is supported by the Norwegian Government Agency Enova. The new facility will be operational in early 2023.

 

The investment, which aims at keeping pace with rising demand in a very dynamic local market, notably consists of an innovative project to electrify the production process, which currently uses natural gas.

 

Electrification is particularly relevant in Norway, where 96% of the electricity produced is hydropower. This project will eliminate more than twenty thousand tons of CO2 emissions per year and reduce the site's energy consumption.

 

This investment is a tangible demonstration of Saint-Gobain's commitment to reduce its scope 1 and 2 CO2 emissions by 33% by 2030 compared to 2017, with the aim of becoming carbon neutral by 2050. It also allows Saint-Gobain to strengthen its leadership position in the Norwegian lightweight construction market and to respond to a strong demand for more sustainable solutions.

 

This zero-carbon plant project could be extended to other Saint-Gobain sites.

 

 

ABOUT SAINT-GOBAIN  

Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change. This strategy of responsible growth is guided by the Saint-Gobain purpose, "MAKING THE WORLD A BETTER HOME", which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.

 

€38.1 billion in sales in 2020

More than 167,000 employees, located in 70 countries

Committed to achieving Carbon Neutrality by 2050

 

For more information about Saint-Gobain,

visit www.saint-gobain.com and follow us on Twitter @saintgobain

 

Analyst/Investor relations

 

 

Press relations

Vivien Dardel

Floriana Michalowska

Christelle Gannage

 +33 1 88 54 29 77

 +33 1 88 54 19 09

 +33 1 88 54 15 49

Patricia Marie

Bénédicte Debusschere

Susanne Trabitzsch

+33 1 88 54 26 83

  + 33 1 88 54 14 75

  +33 1 88 54 27 96

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCAIMFTMTMTBJB

a d v e r t i s e m e n t