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ENGIE and O-I drive green electricity transformation in Europe

This transaction is the latest deal of the growing business relationship between the two companies

O-I Glass and ENGIE’s business entity “Global Energy Management & Sales” reached a long-term agreement for ENGIE to initially provide an aggregate 4.3 TWh of renewable electricity to O-I sites in Europe. Over a ten-year period, ENGIE will supply O-I facilities in Europe with electricity generated from solar, wind and hydro sources.

ENGIE already supplies O-I with natural gas and electricity in several European countries, as well as energy efficiency services for O-I factories in France. In Mexico and Peru, O-I also sources electricity from ENGIE, while 25 percent of O-I’s electricity consumption in the US is supplied by ENGIE with renewable electricity.

“Thanks to a wide range of solutions for energy risk management, ENGIE is connecting the dots between the challenging sustainability goals of energy-intensive global companies like O-I on the one hand, and innovative low-carbon solutions on the other hand. Our large and diverse portfolio of carbon-neutral products was instrumental to design a tailormade solution for O-I,” said Olivier Bloeyaert, Executive Committee member of ENGIE’s business entity Global Energy Management and Sales. “We are proud to support our business partner O-I in their efforts for a sustainable future.”

“At O-I, our vision is to be the most innovative, sustainable, and chosen supplier of brand-building packaging solutions. While we believe glass packaging is already the most sustainable packaging solution, sustainability at O-I is about more than what we make,” said Randy Burns, Chief Sustainability Officer at O-I. “This long-term agreement is an important building block towards our pledge to reduce O-I’s global greenhouse gas emissions by 25 percent by 2030. As part of our roadmap, we are striving to increase our global renewable electricity consumption to between 30 percent and 35 percent this year. At O-I, the journey to sustainability is grounded in resilience, innovation, and the ever-present challenge to transform what we do.”

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