Use of Solar Energy Supports Decarbonization Efforts and Sustainability Goals around Climate Change
WAYNE, Pa. (March 19, 2024) — Trinseo (“Trinseo” or “the Company”) (NYSE: TSE), a specialty material solutions provider, today announced a partnership with Finnish electricity supplier Helen Oy for a 10-year energy consumption commitment from the installation of 1,800 solar panel modules at its Hamina, Finland manufacturing facility. The new solar panels are expected to offset the site’s power consumption by approximately 20% annually, which aligns to our climate change goal to increase the share of electricity from non-fossil sources from 5% to 30%.
As part of Trinseo’s ongoing decarbonization strategy, the Company is focused on carbon excellence, renewable energy, and clean power electrification to help advance its 2030 Sustainability Goals for climate change. As a first step at site-level decarbonization initiatives, the Company is conducting ongoing energy assessments of Trinseo’s global facilities, and this solar installation is a result of this work. The Company has previously installed solar panels at its Terneuzen, the Netherlands site and a windmill at its Tessenderlo, Belgium facility. They anticipate more solar installation projects to follow later this year at other European facilities.
“This is a significant step in our efforts to decarbonize our operations,” said Francesca Reverberi, Senior Vice President, Engineered Materials and Chief Sustainability Officer. “Climate change is a material topic to our company and our stakeholders, and we are making significant advancements with our partners and the value chain to reduce our environmental impact.”
The panels, which will be housed onsite at the facility, are just the first step in Trinseo’s decarbonization strategy for managing Scope 2 emissions, which helps the company reduce its use of renewable energy certificates. So far, the company has undergone thirty-two carbon excellence projects. In addition to offsetting power consumption, the solar panels will also help the facility reduce its CO2 emissions by approximately 122,878 kg per year.
“The Hamina facility will now have access to physical renewable power, which enables the site to switch from compensating for emissions to eliminating them,” said Ake Zondervan, Global Energy Procurement Manager. “By exploring additional physical and virtual power purchase agreement opportunities, we expect to reduce the facility’s need for renewable energy certificates further in the future as we continue to seek opportunities to eliminate emissions.”
The solar panels will be installed at the Hamina facility over the coming months, and Trinseo anticipates they will be operational by June 2024.
For more information on Trinseo’s sustainability strategy and goals, please visit Trinseo.com/Sustainability.
About Trinseo
Trinseo (NYSE: TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainably focused manner by combining its premier expertise, forward-looking innovations, and best-in-class materials to unlock value for companies and consumers. From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers’ unique challenges in a wide range of industries, including building and construction, consumer goods, medical and mobility.
Trinseo’s approximately 3,100 employees bring endless creativity to reimagining the possibilities with clients all over the world from the company’s locations in North America, Europe, and Asia Pacific. Trinseo reported net sales of approximately $3.7 billion in 2023. Discover more by visiting http://www.trinseo.com/ and connecting with Trinseo on LinkedIn, X, Facebook and WeChat.
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