Tronox takes another significant step toward
reducing its Scope 1 & 2 emissions with a ~200MW wind and solar
power purchase agreement
STAMFORD,
Conn., June 6, 2024 /PRNewswire/ -- Tronox
Holdings plc (NYSE:TROX) ("Tronox" or the "Company"), the world's
leading integrated manufacturer of titanium dioxide pigment, today
announced that it has entered into a long-term power purchase
agreement with NOA Group ("NOA"), an integrated energy utility, for
~497GWh of total contracted energy anticipated to be served by
plants with capacity in excess of 200MW of renewable wind and solar
power through fixed and flexible arrangements to Tronox's mines and
smelters in the Republic of South
Africa. The Company anticipates the project should be fully
implemented by the end of 2027 and is expected to reduce Tronox's
total Scope 1 & 2 greenhouse gas emissions by an incremental
12% globally.
Today's announcement is another example of
ongoing projects and investments being pursued by Tronox to meet
its publicly announced goal to achieve net zero greenhouse gas
emissions by 2050. This agreement is in addition to the 200MW solar
power agreement announced in 2022 with SOLA Group ("SOLA"), which
has been fully implemented as of April
2024 and is currently providing power to Tronox's operations
and significant employment and other economic benefits to the local
community. Upon completion of the latest project, approximately 70%
of Tronox's South African electricity needs will be met by
renewable energy, and in-country emissions will be reduced by 54%.
South Africa is one of many
countries where Tronox is pursuing renewable energy projects to
progress its decarbonization roadmap. For example, the Company
recently partnered with Pacific Energy, an Australian market leader
in the provision of sustainable distributed energy, to deliver a
new hybrid power system for Tronox's Atlas-Campaspe mine in
New South Wales.
"NOA is extremely excited to partner with Tronox
in delivering on their long term decarbonization strategy through
an innovative product which blends both wind and solar generation
to optimize renewable energy penetration," remarked NOA's Chief
Executive Officer, Karel
Cornelissen.
Tronox's Chief Sustainability Officer and Head of
Investor Relations, Jennifer
Guenther, commented, "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. Not only is Tronox
demonstrating our commitment to emissions reduction by switching
from coal-based to renewable power in South Africa, but we are also implementing
innovative technologies at our operating sites to protect our land,
water, air and ecosystems while also investing in our products,
people and communities. We firmly believe that preserving our
privilege to operate is critical for our strategy today and for our
future. We will outline a number of key initiatives across
emissions and waste reduction, water management, social initiatives
and more in our 2023 Sustainability Report, which we expect to
publish in the coming weeks."
About Tronox
Tronox Holdings plc is one of the world's leading producers of
high-quality titanium products, including titanium dioxide pigment,
specialty-grade titanium dioxide products and high-purity titanium
chemicals, and zircon. We mine titanium-bearing mineral sands and
operate upgrading facilities that produce high-grade titanium
feedstock materials, pig iron and other minerals, including the
rare earth-bearing mineral, monazite. With approximately 6,500
employees across six continents, our rich diversity, unmatched
vertical integration model, and unparalleled operational and
technical expertise across the value chain, position Tronox as the
preeminent titanium dioxide producer in the world. For more
information about how our products add brightness and durability to
paints, plastics, paper and other everyday products,
visit tronox.com.
Media Contact: Melissa
Zona
+1.636.751.4057
Investor Contact: Jennifer Guenther
+1.646.960.6598
View original content to download
multimedia:https://www.prnewswire.com/news-releases/tronox-announces-second-significant-renewable-energy-project-in-south-africa-302166054.html
SOURCE Tronox Holdings plc