Tronox Announces 200 MW Solar Energy Project in South Africa
- The 200 MW solar project is expected to give approximately 40% of Tronox's South African electricity demands.
- Tronox claims that the project stands for a significant progression to satisfy its emission reduction targets.
Tronox Holdings, an integrated maker of titanium dioxide pigment, has actually announced that it has participated in a long-lasting power acquisition agreement (PPA) with the independent power producer, SOLA Group, to provide 200 MW of solar power to mines as well as smelters of Tronox in South Africa. The news comes also as closer home in India, steel major ArcelorMittal has actually announced a $600 million, 975 MW sustainable project to decrease its very own carbon impact.
The business prepares for the project needs to be fully applied by the fourth quarter of 2023. The company claims that this announcement is just one instance of numerous projects and investments being pursued by Tronox to satisfy its publicly announced objective to straighten with an international warming circumstance below 2 ° C and achieve web zero GHG emissions by 2050.
" Tronox's renewable energy project with SOLA Group will lower our worldwide carbon discharges by approximately 13% contrasted to our 2019 standard and has the complete support of our Board of Directors and also senior monitoring," claimed Melissa Zona, Senior Vice President, External Affairs as well as Chief Sustainability Police Officer, Tronox.
She adds, "This is yet one more instance of just how Tronox is dedicated to being a leader when it involves company sustainability as well as security of the setting. In the past 18 months, we have taken a variety of substantial steps that demonstrate this leadership: restructuring our Board to designate a committee with specific duty for oversight of Environmental Social Governance (ESG); consisting of annual carbon emission reduction targets in our exec compensation plan; openly announcing an in-depth roadmap for decreasing discharges, including a target to minimize discharges by 15% by the 4th quarter of 2025; and, devoting to being completely lined up to both TCFD and also SASB coverage for 2021."
"These types of projects are the fastest way to bring brand-new generation capacity online and not just contribute to shutting the electricity supply gap in our country, but also support the much required transition to clean power as well as modernization of our electricity grid," claimed Chris Haw, Director and Founder at the Sola Group.
Tronox states that changing from coal-based to eco-friendly power in South Africa is just one way the company is applying cutting-edge modern technologies and also ideal methods at its operating sites to secure land, water, air as well as ecological communities and also operate even more sustainably.