Ingevity Announces Renewable Energy Project To Reduce Carbon Emissions For United States Manufacturing Locations
Portfolio Pulse from Happy Mohamed
Ingevity Corporation (NGVT) has entered into a renewable product purchase agreement with a subsidiary of NextEra Energy Resources (NEE) to produce renewable energy to lower carbon emissions at its US manufacturing locations. Ingevity aims to be carbon neutral by 2050. As part of the agreement, Ingevity will receive 85 megawatts of capacity at a new NextEra Energy Resources solar site to be constructed in North Texas. The solar facility is expected to be fully operational by the end of 2025.
August 15, 2023 | 2:03 pm
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POSITIVE IMPACT
NextEra Energy Resources' partnership with Ingevity for a renewable energy project could boost its renewable energy portfolio.
The partnership with Ingevity could enhance NextEra Energy Resources' renewable energy portfolio and reputation, potentially attracting more partnerships and investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Ingevity's partnership with NextEra Energy Resources to produce renewable energy could enhance its sustainability profile and help it achieve its carbon neutrality goal.
The renewable energy project aligns with Ingevity's sustainability goals and could enhance its reputation, potentially attracting environmentally conscious investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100