Weekly renewables M&A round-up (May 16-20)
May 20, 2022 17:01 CEST(SeeNews) – Sep 26, 2014 – L’Oreal (EPA:OR) announced Thursday it had opened a biomass plant in Burgos, northern Spain, which would allow the group’s local professional hair production site to curb CO2 emissions as of 2015.
The biomass facility covers an area of 3,800 sq m (41,000 sq ft). It has been designed, built and managed by Spanish Biocen, a joint venture of local solar firm Cenit Solar and public infrastructure and environment company Somacyl.
The project cost Biocen EUR 12 million (USD 15.3m), while L’Oreal invested EUR 2.5 million, developing the fluids distribution network and adapting the site's heating and air conditioning system.
The plant will generate 20,000 MWh of thermal power annually, 70% of which will be used by the group and the remainder will be sold to other businesses in the area. The plant will also process 12,000 tonnes of wood waste from the forests and sawmills of the Spanish Castile and Leon region.
L’Oreal confirmed its commitment to reduce by 60% the environmental impact of its activities by 2020 under the Sharing Beauty with All programme.
(EUR 1 = USD 1.274)
Weekly renewables M&A round-up (May 16-20)
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