EQS-News: Lenzing AG: Lenzing speeds up energy transition at its site in Heiligenkreuz

EQS-News: Lenzing AG / Key word(s): Contract/Sustainability
   Lenzing AG: Lenzing speeds up energy transition at its site in
   Heiligenkreuz

   27.04.2023 / 10:12 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Lenzing speeds up energy transition at its site in Heiligenkreuz

    

     • Lenzing acquires biomass power plant to supply the Burgenland lyocell
       plant
     • Strategic investment in energy independence, site security and CO[2]
       reduction
     • Strengthening the eco-friendly specialty fiber portfolio

    

   Heiligenkreuz – The Lenzing Group, a world-leading provider of specialty
   fibers for the textile and nonwovens industries, signed a contract for the
   acquisition of the 43 MW biomass power plant of ENERGIE 42 Beteiligungs
   GmbH located in the Heiligenkreuz business park (Burgenland). The
   execution of the transaction is in particular subject to regulatory
   approvals and is expected in the second quarter of 2023. This strategic
   investment will significantly reduce the dependence on fossil energy at
   the Lenzing production site in Heiligenkreuz. Around 50 percent of the
   natural gas currently used can be replaced by energy from renewable
   sources in the future.
    

   The Lenzing Group produces eco-friendly TENCEL™ and VEOCEL™ branded
   lyocell fibers as well as a variety of premium fibers such as TENCEL™ x
   REFIBRA™ or CO[2] neutral TENCEL™ lyocell fibers for the textile and
   nonwovens industries at Heiligenkreuz. Previously, the site was heavily
   dependent on natural gas with a share of renewable energy through biomass
   and biogasless than ten percent. The exclusive use of biomass from the
   nearby power plant will enable the site to reduce its CO[2] emissions
   associated with energy use by around 50,000 tons of CO[2] per year.
   Lenzing’s specialty fibers contribute to significantly lower CO[2]
   emissions throughout the supply chain and help Lenzing’s customers,
   especially brands and retailers, achieve their climate and sustainability
   goals.
    

   “With this strategic investment, we are making an important contribution
   to site security and strengthening our range of eco-friendly specialty
   fibers. In the future, we will invest even more in sustainable energy
   concepts to further reduce our CO[2] emissions in line with our ambitious
   climate target,” says Christian Skilich, Chief Pulp Officer and Chief
   Technology Officer of the Lenzing Group.
    

   In line with the Paris Agreement and the United Nations Sustainable
   Development Goals, Lenzing made a strategic commitment in 2019 to reduce
   its CO[2] emissions per ton of product by 50 percent by 2030. Lenzing also
   aims to achieve carbon-neutrality by 2050. The Science Based Target
   Initiative validated the target against scientific criteria, making
   Lenzing the first manufacturer of wood-based cellulosic fibers with an
   approved science-based target.
    

   With the acquisition of the biomass power plant, Lenzing is accelerating
   the transition to renewable energies and, thus, also the achievement of
   its climate targets. This consistent step also opens up opportunities to
   develop other renewable energy sources, such as photovoltaics, to a
   greater extent in the future.

    

    

   Photo download:

   [1]https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=xKAG9RxKrIDF
   PIN: xKAG9RxKrIDF

    

                                               
                                               
   Your contact for                            
   Public Relations:                           
                                               
   Dominic Köfner                             Daniel Winkelmeier
   Vice President Corporate Communications  & Communications Manager
   Public Affairs                             Lenzing Aktiengesellschaft
   Lenzing Aktiengesellschaft                 Werkstraße 2, 4860 Lenzing,
   Werkstraße 2, 4860 Lenzing, Austria        Austria
                                               
   Phone   +43 7672 701 2743                  Phone    +43 7672 701 2871
   E-mail    [2]media@lenzing.com             E-mail     [4]media@lenzing.com
   Web       [3]www.lenzing.com               Web        [5]www.lenzing.com
                                               

    

   About the Lenzing Group
    
   The Lenzing  Group  stands  for  ecologically  responsible  production  of
   specialty fibers  made  from  the  renewable  raw  material  wood.  As  an
   innovation leader, Lenzing  is a  partner of global  textile and  nonwoven
   manufacturers and drives many new technological developments.
    
   The Lenzing Group’s high-quality  fibers form the basis  for a variety  of
   textile applications ranging from elegant clothing to versatile denims and
   high-performance sports clothing.  Due to their  consistent high  quality,
   their biodegradability and compostability  Lenzing fibers are also  highly
   suitable for hygiene products and agricultural applications.
    
   The business  model  of  the Lenzing  Group  goes  far beyond  that  of  a
   traditional fiber  producer. Together  with  its customers  and  partners,
   Lenzing develops innovative products along the value chain, creating added
   value  for  consumers.  The  Lenzing  Group  strives  for  the   efficient
   utilization and processing of  all raw materials  and offers solutions  to
   help redirect the textile sector  towards a closed-loop economy. In  order
   to reduce the speed of global warming and to accomplish the targets of the
   Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing
   has a clear vision: namely to make a zero-carbon future come true.
    
   Key Facts & Figures Lenzing Group 2022
   Revenue: EUR 2.57 bn
   Nominal capacity (fibers): 1,145,000 tonnes
   Number of employees (headcount): 8,301
    
   TENCEL™, VEOCEL™, LENZING™,  REFIBRA™, ECOVERO™,  LENZING MODAL™,  LENZING
   VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.

    

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   27.04.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     Lenzing AG
                4860 Lenzing
                Austria
   Phone:       +43 7672-701-0
   Fax:         +43 7672-96301
   E-mail:      office@lenzing.com
   Internet:    www.lenzing.com
   ISIN:        AT0000644505
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1619003


    
   End of News EQS News Service


   1619003  27.04.2023 CET/CEST

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