US titanium products maker Tronox Holdings plc (NYSE:TROX) has agreed to procure electricity from over 200 MW of wind and solar parks for its South African mines and smelters, further supporting its decarbonisation goals.
The company said on Thursday it will secure roughly 497 GWh of green electricity under a long-term power purchase agreement (PPA) with South African energy company NOA Group Ltd. The contracted power volumes will be received from wind and solar photovoltaic (PV) parks that are planned to be commissioned by the end of 2027.
The power off-take deal is expected to help Tronox lower its Scope 1 and 2 greenhouse gas emissions by an incremental 12% globally and support its target of achieving net zero greenhouse gas emissions by 2050. The deal follows the 2022 signing of a PPA with power producer Sola Group for 200 MW of solar.
Once the newly-contracted wind and solar capacity is switched on, about 70% of Tronox’s South African electricity needs will be met by renewable energy.
"Tronox's solar and wind renewable energy agreements with SOLA and NOA will reduce our global Scope 1 & 2 greenhouse gas emissions by 25% compared to our 2019 baseline, marking significant progress on our decarbonization roadmap towards net zero carbon emissions,” said Tronox's chief sustainability officer Jennifer Guenther.
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