TIDMCOD

RNS Number : 6427Z

Compagnie de Saint-Gobain

24 May 2021

PRESS RELEASE

May 24, 2021

in NORWAY, SAINT-GOBAIN WILL INCREASE PRODUCTION CAPACITY AND CREATE THE WORLD'S FIRST "NET zero carbon" PLASTERBOARD PLANT

Saint-Gobain has announced an investment of approximately EUR25 million in its plasterboard plant in Fredrikstad, Norway, to increase its production capacity by about 40% and transform it to make it the world's first carbon-neutral plasterboard plant. This investment is supported by the Norwegian Government Agency Enova. The new facility will be operational in early 2023.

The investment, which aims at keeping pace with rising demand in a very dynamic local market, notably consists of an innovative project to electrify the production process, which currently uses natural gas.

Electrification is particularly relevant in Norway, where 96% of the electricity produced is hydropower. This project will eliminate more than twenty thousand tons of CO(2) emissions per year and reduce the site's energy consumption.

This investment is a tangible demonstration of Saint-Gobain's commitment to reduce its scope 1 and 2 CO(2) emissions by 33% by 2030 compared to 2017, with the aim of becoming carbon neutral by 2050. It also allows Saint-Gobain to strengthen its leadership position in the Norwegian lightweight construction market and to respond to a strong demand for more sustainable solutions.

This zero-carbon plant project could be extended to other Saint-Gobain sites.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change. This strategy of responsible growth is guided by the Saint-Gobain purpose, "MAKING THE WORLD A BETTER HOME", which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.

EUR38.1 billion in sales in 2020

More than 167,000 employees, located in 70 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,

visit www.saint-gobain.com and follow us on Twitter @saintgobain

 
 
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May 24, 2021 12:05 ET (16:05 GMT)

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