Umicore signs two PPAs with ENGIE and Axpo

Umicore has signed two separate long-term power purchase agreements (PPAs), with ENGIE and Axpo to source renewable electricity from offshore and onshore wind turbines in Belgium. These agreements will cover more than half of the electricity demand from Umicore’s Belgian sites and help the Group achieve its objective to be carbon neutral by 2035.

Both contracts started in January of this year and will mainly serve Umicore’s plant in Hoboken, one of the world’s largest precious metals recycling facilities, and the site in Olen, which houses various activities as well as Umicore’s Research & Development headquarters. “Umicore’s ambitious roadmap towards carbon neutrality by 2035, while growing our company, requires us to use all levers... ... More: Official Press Release Umicore

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Umicore, ENGIE, Axpo, offshore, onshore, wind farm, Belgium, recycling, MW, turbine, metal, facility