Industry | 7 September, 2023 at 1:40 PM
Pehart Group reduces energy consumption by 10%
Pehart Group has reduced energy consumption by 10% through machinery reengineering for tissue paper production.
Pehart Group has reduced energy consumption by 10% through machinery reengineering for tissue paper production.
Pehart Group, the leading producer of household paper products in Romania and one of the largest tissue paper producers in South-East Europe, is investing this year more than €20 million in the energy efficiency of the production lines of its two factories in Petrești-Sebeș and Dej.
The paper producer Pehart is to invest €8 million in projects to reduce consumption, implicitly the carbon footprint. The company uses only certified cellulose in production and most of the raw material comes from Sweden.
Pehart Group, one of the largest tissue paper producers in Southeast Europe and the largest producer and processor of household paper products in Romania, is extending the syndicated loan obtained two years ago to €78 million.
It is still a long way to embedding ESG principles into corporate culture, operations, and decision-making processes. That was the main takeaway from a panel at CEE ESG Forum 2024 organised by Property Forum and Green Forum in Vienna last November.
FAN Courier, a leading Romanian logistics company, has allocated an investment budget of 40 million euros for 2025, including in renewable energy.
DRI, the European renewables division of Ukrainian energy company DTEK, has successfully connected its 60MW Glodeni II solar park to the Romanian grid.
NXP Semiconductors N.V. announced that it has secured a €1 billion loan from the EIB to advance the company's RDI investments across its broad portfolio of semiconductor solutions.
EIB and Societe Generale have agreed on a new initiative which has the potential to unlock investment of up to €8 billion to support wind energy manufacturers in Europe.
