O-i glass to invest $65 million in electrification and decarbonization in veauche, france

Perrysburg, oh/veauche, france, june 18, 2024 (globe newswire) -- o-i glass, inc. (“o-i glass” or “o-i”) plans to invest approximately $65 million into the electrification and decarbonization of its plant in veauche, france. as the first o-i plant globally to use this technology, one of its two furnaces will be fully renovated and equipped with state-of-the-art hybrid-flex technology. this leading-edge innovation establishes flexibility to replace up to 70% of the conventional fossil-fuel-based energy with electricity. in addition, the furnace will be equipped with heat recovery and an air preheating system, creating further efficiency gains and reductions in energy consumption and emissions. at an average 50% electricity level, on-site co2 emissions are expected to drop by approximately 43% compared to a traditional furnace, significantly contributing to the company's global target of a 25% reduction in greenhouse gas emissions by 2030.
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