Page 49 - Plastics News January 2022

BUSINESS NEwS

Covestro And EnBW Sign Long-Term Supply P r oAm pac Buy s

Agreement For Solar Power Flexible Packaging
Company PSG

r oAmpac
Phas acquired
Illinois-
based flexible
p a c ka gin g
and labelling
s olu t ions
provider Prairie
State Group
(PSG) for an
undisclosed sum. Founded in 1989,
PSG specialises in providing SQF-
certified products such as wrappers,
pouches, compostable film, roll stock
aterials manufacturer Covestro and climate-neutral in the long term. “By and pressure-sensitive label.The deal
Menergy provider EnBW have signed sourcing solar power from EnBW’s farm, will bolster ProAmpac’s flexible and
a long-term corporate power purchase we are underlining our ambition to play a sustainable packaging portfolio and
agreement (PPA) for solar-generated pioneering role on the road to a climate- increase its footprint in food and pet
electricity. Under the agreement, Covestro neutral future and once again sending out food markets among others. ProAmpac
has secured 63 MW of capacity from a signal for the expansion of renewable founder and CEO Greg Tucker said:
EnBW’s 187 MW Weesow-Willmersdorf energies in Germany. The climate-neutral “PSG’s experienced leadership team
solar farm in Brandenburg, Germany. transformation of the industry requires and innovative sustainable packaging
The EnBW-operated solar array is the large quantities of renewable energies at portfolio are strong complements to
biggest of its kind in Germany and has internationally competitive prices,” said ProAmpac. “As we continue our growth
been implemented without any subsidy Dr. Klaus Schäfer, Chief Technology and expansion strategy, PSG’s world-
under the German Renewable Energy Officer at Covestro. EnBW’s solar class manufacturing capabilities, strong
Sources Act. This agreement with farm near Berlin with its 465 000 solar market position and commitment
Covestro is the first PPA for the project. panels has been fully connected to the to product quality will enhance our
The solar power will be deployed at the grid since March 2021. “We have long offering to customers around the
German Covestro sites in Dormagen and worked on the principle that renewable world.” Prairie State Group founder
Krefeld-Uerdingen for 15 years from the energy can hold its own on the market and CEO Rick Heinzen said: “Our
beginning of 2022. The company will without subsidies. PPAs are an important companies share a strong commitment
use the renewable energy there primarily tool for making subsidy-free generating to quality, safety and sustainability.
for the production of more sustainable, assets commercially viable. They are also With this combination, I’m confident
mass-balanced plastics manufactured pivotal to the energy transition, as they that ProAmpac is the right partner to
in a so-called drop-in process using help industrial consumers achieve their support PSG’s continued growth.”
alternative raw materials. These include climate targets quickly and efficiently. Based in Cincinnati, ProAmpac offers
mass-balanced polycarbonates and mass- This makes PPAs particularly attractive flexible packaging and material science
balanced thermoplastic polyurethanes. for companies with energy-intensive solutions with nearly 50 sites globally.
Converting its energy supply to renewable production. We are delighted to be able The company is owned by Pritzker
energy sources is a central pillar in the to support Covestro’s production with Private Capital and other investors.
strategy of Covestro. The company our solar energy,” explained Dr. Georg Pritzker Private Capital vice-president
is fully aligning itself with the circular Stamatelopoulos, Chief Operating Kaitlyn Desai said: “The addition of
economy and aims to make its production Officer Generation & Trading at EnBW. Prairie State Group rounds out an
exciting year of growth for ProAmpac.

48 PLASTICS NEWS JANUARY 2022 49 PLASTICS NEWS JANUARY 2022