Potential offtaker

United Caps

www.unitedcaps.com

Estimated electricity consumption

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Countries of production presence

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United Caps is a leading manufacturer of plastic caps and closures, serving a wide range of industries including food and beverage, pharmaceuticals, and personal care. The company is based in Luxembourg and has a global presence, with production facilities in Europe, Asia, and the Americas.

As a company operating in the Plastic Containers & Packaging sector, United Caps is acutely aware of the environmental impact of its operations. The company has made a commitment to decarbonisation, with a goal of reducing its carbon footprint by 30% by 2025. This is in line with the Paris Agreement, which aims to limit global warming to well below 2 degrees Celsius.

To achieve this goal, United Caps has implemented a range of measures to reduce its energy consumption and increase its use of renewable energy. One key initiative is the implementation of a corporate energy management system, which allows the company to monitor and manage its energy use across all its facilities. This system has enabled United Caps to identify areas where energy efficiency can be improved, resulting in significant energy savings.

In addition to energy efficiency measures, United Caps has also invested in renewable energy. The company has signed a corporate power purchase agreement (PPA) for the purchase of renewable energy from a wind farm in Spain. This PPA will provide United Caps with a reliable source of renewable energy, helping to reduce its carbon footprint and support the growth of renewable energy.

The use of corporate PPAs is becoming increasingly popular among companies looking to decarbonise their operations. These agreements allow companies to purchase renewable energy directly from a generator, providing a stable and predictable source of renewable energy at a competitive price. By signing a corporate PPA, United Caps is demonstrating its commitment to sustainability and supporting the growth of renewable energy.

In addition to its energy initiatives, United Caps is also committed to reducing waste and promoting circularity. The company has implemented a closed-loop recycling system for its plastic caps and closures, ensuring that waste is minimised and materials are reused wherever possible. This system has been highly successful, with over 90% of the company's plastic waste being recycled.

Overall, United Caps is a company that is leading the way in sustainability within the Plastic Containers & Packaging sector. Its commitment to decarbonisation, energy efficiency, and renewable energy is setting an example for other companies to follow. By investing in renewable energy and implementing circular economy initiatives, United Caps is demonstrating that sustainability can be good for business and the environment.