Ashland LLC is a leading global specialty chemicals company that operates in the functional additives sector. The company is headquartered in Covington, Kentucky, United States of America, and has operations in over 100 countries worldwide. Ashland LLC specializes in the development and production of a broad range of specialty chemicals, including additives, binders, coatings, and solvents, which are used in a variety of industries, such as automotive, construction, food and beverage, personal care, and pharmaceuticals.

Ashland LLC is committed to sustainability and decarbonization, and has set ambitious targets to reduce its greenhouse gas emissions and energy consumption. The company has implemented a number of initiatives to achieve these goals, including the adoption of renewable energy sources and the implementation of energy efficiency measures across its operations.

Corporate Energy and Decarbonisation

Ashland LLC recognizes the importance of reducing its carbon footprint and has set a target to reduce its greenhouse gas emissions by 10% by 2025. The company has implemented a number of initiatives to achieve this goal, including the adoption of renewable energy sources, the implementation of energy efficiency measures, and the use of low-carbon feedstocks.

One of the key initiatives that Ashland LLC has implemented is the use of renewable energy sources. The company has entered into a number of power purchase agreements (PPAs) for renewable energy, which allow it to purchase electricity from renewable sources such as wind and solar. By doing so, Ashland LLC is able to reduce its reliance on fossil fuels and reduce its greenhouse gas emissions.

In addition to the use of renewable energy sources, Ashland LLC has also implemented a number of energy efficiency measures across its operations. These measures include the installation of energy-efficient lighting and HVAC systems, the optimization of production processes to reduce energy consumption, and the implementation of energy management systems to monitor and control energy use.

Corporate PPA

Ashland LLC has entered into a number of power purchase agreements (PPAs) for renewable energy. These agreements allow the company to purchase electricity from renewable sources such as wind and solar, which helps to reduce its reliance on fossil fuels and reduce its greenhouse gas emissions.

One example of a PPA that Ashland LLC has entered into is a 15-year agreement with a wind farm in Texas. Under the agreement, Ashland LLC will purchase 50 megawatts of electricity from the wind farm, which is enough to power approximately 15,000 homes. By purchasing electricity from the wind farm, Ashland LLC is able to reduce its greenhouse gas emissions by approximately 100,000 metric tons per year.

Renewable Energy

Ashland LLC is committed to the use of renewable energy sources and has set a target to source 50% of its electricity from renewable sources by 2025. The company has already made significant progress towards this goal, with approximately 25% of its electricity coming from renewable sources in 2020.

One of the key initiatives that Ashland LLC has implemented to increase its use of renewable energy sources is the adoption of power purchase agreements (PPAs) for renewable energy. The company has entered into a number of PPAs for wind and solar energy, which allow it to purchase electricity from renewable sources and reduce its reliance on fossil fuels.

In addition to the use of PPAs, Ashland LLC has also implemented a number of on-site renewable energy projects. For example, the company has installed solar panels at its facility in Bridgewater, New Jersey, which generate approximately 500,000 kilowatt-hours of electricity per year. The company has also installed a combined heat and power (CHP) system at its facility in Lima, Ohio, which generates electricity and heat from natural gas and reduces the facility's greenhouse gas emissions.

Conclusion

Ashland LLC is a leading global specialty chemicals company that operates in the functional additives sector. The company is committed to sustainability and decarbonization, and has set ambitious targets to reduce its greenhouse gas emissions and energy consumption. Ashland LLC has implemented a number of initiatives to achieve these goals, including the adoption of renewable energy sources and the implementation of energy efficiency measures across its operations. The company has also entered into a number of power purchase agreements (PPAs) for renewable energy, which allow it to purchase electricity from renewable sources such as wind and solar. By doing so, Ashland LLC is able to reduce its reliance on fossil fuels and reduce its greenhouse gas emissions.