LyondellBasell Secures Capacity to Meet Renewable Electricity Target
Target(TGT) ZACKS·2024-09-25 20:15
LyondellBasell Industries N.V. (LYB) stated that it has signed a power purchase agreement (PPA) with Eneco N.V. This PPA brings LYB's total secured renewable power capacity to 100% of its renewable electricity procurement goal.LYB's electricity consumption constitutes approximately 15% of its 2020 baseline scope 1 and 2 greenhouse gas emissions. The company's objective of obtaining at least 50% of its electricity from renewable sources by 2030 is based on 2020 procurement levels.Under the 15-year PPA, LYB ...