Negosyante News

November 5, 2024 6:30 pm

Shell to Provide RE to Lucio Tan Companies

IMG SOURCE: Shell PH

 

Shell Energy Philippines (SEPH) is set to supply renewable energy (RE) to two flagship companies of the Lucio Tan Group of Companies, namely the Asia Brewery Inc., and the PMFTC Inc., as well as its joint venture with Lufthansa Technik AG of Germany, the Lufthansa Technik Philippines.

 

The supply of the RE capacities to the mentioned firms is under the retail competition and open access (RCOA) policy of the newly restructured power industry.

 

Shell will be supplying 15 megawatts of renewable energy generated electricity to ABI’s manufacturing facilities located in Luzon, which will then be used by Tan’s brewery company for its decarbonization strategy.

 

Shell has stated that “The RE contract is one way to reduce ABI’s carbon footprint. ABI’s other sustainability efforts include the recycling of broken or waste glass to produce new glass bottles and the manufacturing of bottles using lahar which comes from the 1990 Mt. Pinatubo eruption,”

 

SEPH General Manager and President, Bernd Krukenberg, has said that “establishing strategic partnerships with the Lucio Tan Group of Companies is an opportunity for both our organizations to be on the frontline in building up the renewable power business on a national and global scale.”

 

Krukenberg stresses that the company is “driven to serve our public by being at the forefront of the energy transition. We’re doing this around the world, and we’re extremely happy that we are also able to do so in the Philippines.”

 

 

Source: Manila Bulletin

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