UFlex Limited has entered into a long-term Power Purchase Agreement (PPA) with Amplus Phoenix Private Limited to source renewable power under a group captive power policy. The plant will provide solar power to UFlex’s Packaging Films manufacturing plant in Dharwad, Karnataka. In line with UFlex's goal of being net zero by 2035, or earlier, this agreement will strategically reduce UFlex’s carbon emissions by app. 19000 tCO2e.
UFlex's Dharwad facility is home to a state-of-the-art packaging films plant, commissioned in Q2, 2022. Equipped with a BOPET line, a CPP line, and plasma-enhanced high-barrier metallizers, with a combined capacity of 93,000 TPA, the facility is an addition to UFlex’s global manufacturing footprint — spread across nine countries.
This agreement signifies UFlex's commitment to adopting renewable energy for its operations and fostering a sustainable future. This strategic agreement, under the group's captive power policy, aims to play a pivotal role in reducing the company's greenhouse gas emissions and is aligned with UFlex's overarching vision for sustainability.
Mr. Apoorvshree Chaturvedi, Director of Global Operations, UFlex Group, affirmed that the company's investment in renewable energy is a crucial and bold move toward reducing its carbon footprint and fulfilling its commitment to environmental stewardship. “UFlex has a robust and welldefined energy optimization strategy for reducing emissions. The organization believes that every company is responsible for adopting sustainable practices that are beneficial for the environment, long-term business success, and stakeholder value. UFlex is a pioneer in recycling multi-layer mixed plastics and aseptic packaging waste and has taken the onus to share its knowledge and expertise with corporations and economies worldwide. The investment in renewable energy is a significant and positive step in the right direction for both the business and the planet, shaping a brighter and more sustainable future”.
Please direct queries to: corpcomm@uflexltd.com
For more details, please visit: www.uflexltd.com