Tronox Holdings plc (NYSE:TROX) (“Tronox” or the “Company”), the world’s leading integrated manufacturer of titanium dioxide pigment, today announced that it has entered into a long-term power purchase agreement with NOA Group (“NOA”), an integrated energy utility, for ~497GWh of total contracted energy anticipated to be served by plants with capacity in excess of 200MW of renewable wind and solar power through fixed and flexible arrangements to Tronox’s mines and smelters in the Republic of South Africa. The Company anticipates the project should be fully implemented by the end of 2027 and is expected to reduce Tronox’s total Scope 1 & 2 greenhouse gas emissions by an incremental 12% globally.
Today’s announcement is another example of ongoing projects and investments being pursued by Tronox to meet its publicly announced goal to achieve net zero greenhouse gas emissions by 2050. This agreement is in addition to the 200MW solar power agreement announced in 2022 with SOLA Group (“SOLA”), which has been fully implemented as of April 2024 and is currently providing power to Tronox’s operations and significant employment and other economic benefits to the local community. Upon completion of the latest project, approximately 70% of Tronox’s South African electricity needs will be met by renewable energy, and in-country emissions will be reduced by 54%. South Africa is one of many countries where Tronox is pursuing renewable energy projects to progress its decarbonization roadmap. For example, the Company recently partnered with Pacific Energy, an Australian market leader in the provision of sustainable distributed energy, to deliver a new hybrid power system for Tronox’s Atlas-Campaspe mine in New South Wales.
“NOA is extremely excited to partner with Tronox in delivering on their long term decarbonization strategy through an innovative product which blends both wind and solar generation to optimize renewable energy penetration,” remarked NOA’s Chief Executive Officer, Karel Cornelissen.
more at: https://www.tronox.com/tronox-announces-second-significant-renewable-energy-project-in-south-africa/