Engie to supply renewable power for Umicore cathode materials plant in Poland
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Umicore has signed a long-term power purchase agreement with Engie for the Polish cathode materials plant.
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French multinational utility, Engie, is to supply Umicore’s new cathode materials plant in Poland with renewable electricity, under a long-term power purchase agreement (PPA).
Umicore said the PPA for the plant at Nysa, in south-east Poland, will see Engie provide electricity from its 100%-owned wind park in Pągów, about 80 km from the plant.
The Nysa plant – which will be commissioned shortly – is the first industrial cathode materials production plant in Europe and will use "100% green power on site” as it produces materials for lithium-ion batteries to serve the electric vehicles market.
'Carbon neutral'
Umicore CEO Marc Grynberg said: "We are very proud that our cathode materials production plant, the first in Europe, will be carbon neutral as of the start of production. This sets Umicore well ahead of its peers and is an important step in our race to achieve net zero greenhouse gas emissions by 2035.”
Umicore said the PPA for the plant at Nysa, in south-east Poland, will see Engie provide electricity from its 100%-owned wind park in Pągów, about 80 km from the plant.
The Nysa plant – which will be commissioned shortly – is the first industrial cathode materials production plant in Europe and will use "100% green power on site” as it produces materials for lithium-ion batteries to serve the electric vehicles market.
'Carbon neutral'
Umicore CEO Marc Grynberg said: "We are very proud that our cathode materials production plant, the first in Europe, will be carbon neutral as of the start of production. This sets Umicore well ahead of its peers and is an important step in our race to achieve net zero greenhouse gas emissions by 2035.”
Nysa's commissioning is expected towards the end of the first half
of this year. Initial commercial production is expected in the fourth quarter of
2021, with the full ramp-up of output in 2022.
Umicore said last month that Mathias Miedreich will succeed Marc Grynberg as CEO of the group in the fourth quarter of this year. Miedreich, 46, a German national, is currently an executive committee member of global automotive supplier Faurecia.
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Umicore said last month that Mathias Miedreich will succeed Marc Grynberg as CEO of the group in the fourth quarter of this year. Miedreich, 46, a German national, is currently an executive committee member of global automotive supplier Faurecia.
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