Athens-listed company Mytilineos announced on Wednesday that it had signed an agreement with Public Power Corporation (PPC) to supply power to the Metallurgy Business Unit’s Aluminum of Greece industrial plant.
The agreement seals the collaboration of two leading companies and their commitment to competitive electricity costs for energy-intensive industries as part of national industrial policy to ensure the competitiveness of Greek companies for the benefit of the national economy.
This will be the last contract for the two companies after 60 years of uninterrupted collaboration, as Mytilineos has committed, as part of its sustainable development strategy, to reducing emissions by 30% in all of its activities by 2030 and achieving climate neutrality by 2050.
For the Metallurgy business area in particular, Mytilineos has set itself the goal of setting an example in the green transition by undertaking to reduce absolute CO2 emissions by 65% and relative CO2 emissions (per ton of aluminum produced) by 75% .
By 2030, Aluminum of Greece will meet all of its electricity needs with renewable energies, the company said in an announcement.
After signing the contract, Chairman and CEO Evangelos Mytilineos said: “Today we are signing our last contract with PPC. A collaboration that will seal Greece’s recent industrial history will be finalized in the most appropriate manner for both PPC and Mytilineos. For us, after 2023, a new era begins for the historic aluminum factory in Greece: a green and sustainable era, at the forefront of the national climate targets and the European green deal. “