Mytilineos on Wednesday announced the signing of an agreement with PPC for the supply of electricity to the “Aluminum of Greece” industrial unit of the Metallurgy division.
This agreement seals the excellent cooperation of the 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 climate neutrality by 2050.
Mytilineos aims to send a green signal, particularly for the Metallurgy division, 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 from renewable energies, the company said in an announcement.
After the contract is signed, Mytilineos’ Chairman and CEO Ev. Mytilineos stated: “Today we are signing our last contract with PPC. A collaboration that sealed 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 of Greece factory: a green and sustainable era, at the forefront of national climate targets and the European Green Deal,” he added.
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