KT&G Signs Renewable Energy PPA... "Replacing 7.5% of Annual Power Consumption"

Projected Reduction of 6460 tCO2 in Greenhouse Gas Emissions
Contributing to Carbon Neutrality through RE100

KT&G announced on the 3rd that it has signed a Power Purchase Agreement (PPA) to practice carbon neutrality.

A PPA is a system where users purchase electricity from renewable energy power producers. KT&G recently signed a purchase agreement to receive renewable power from SK E&S. Through this contract, KT&G expects to reduce greenhouse gas emissions by 6,640 tCO2 by replacing 7.5% of its total electricity consumption with renewable energy. KT&G plans to continue expanding its use of renewable energy through additional PPA contracts.

In addition to adopting PPAs, KT&G installs solar power plants on idle spaces such as rooftops and parking lots of manufacturing plants and consumes the renewable energy produced there internally. Thanks to these efforts, the proportion of renewable energy use across all business sites increased from 0.1% in 2020 to 15.6% in 2022, and it is estimated that it exceeded 20% last year.

KT&G established its environmental management vision, "KT&G Green Impact," in 2021 and is striving to accelerate the transition to a circular economy by expanding the use of renewable energy to reduce the impact of climate change, improving energy efficiency in internal processes, and increasing the recycling of waste heat and water. A KT&G official stated, "The company supports the global campaign ‘RE100,’ which pledges to supply 100% of the electricity used by companies with renewable energy by 2050," adding, "We will continue to actively promote the expansion of renewable energy use and contribute to greenhouse gas reduction and carbon neutrality."

This content was produced with the assistance of AI translation services.