EQS-News: Lenzing relies on wind power to expand green energy mix in the fiber and pulp production

EQS-News: Lenzing AG / Key word(s): Sustainability/Contract
   Lenzing relies on wind power to expand green energy mix in the fiber and
   pulp production

   09.11.2023 / 12:04 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Lenzing relies on wind power to expand green energy mix in the fiber and
   pulp production

    

     • Supply contract with WLK energy increases independence from fossil
       fuels and secures long-term power supply
     • New plant will supply Upper Austrian site with around 13 megawatts of
       renewable wind power from 2025 – groundbreaking ceremony takes place
       today, November 09

    

   Lenzing/Engelhartstetten – The Lenzing Group, a leading global supplier of
   specialty fibers for the textile and nonwovens industries, has concluded a
   supply contract with the Austrian electricity producer WLK energy for the
   purchase of around 13 megawatts of wind power. Lenzing is thus not only
   underlining its commitment to climate protection and the energy
   transition, but is also making a long-term investment in a price-stable
   and diversified electricity supply. The contract has a term of 15 years
   and provides for supply from the new wind farm in Engelhartstetten from
   the first quarter of 2025.

    

   The construction of the wind farm is a joint project involving several
   partners, including the operator and electricity supplier WLK energy,
   based in Untersiebenbrunn (Lower Austria). The total output of the wind
   farm with a total of eleven wind turbines will be around 45 megawatts. The
   share of around 13 megawatts, which will be produced exclusively for the
   needs of the Lenzing site (Upper Austria), corresponds to the average
   electricity requirements of around 10,000 households per year in Austria.
   The ground-breaking ceremony to mark the start of construction will take
   place today, November 09, 2023, with representatives from politics and
   business.

    

   “The generation of renewable electrical energy from wind and solar power
   and from biomass is a cornerstone of our corporate strategy and the basis
   for long-term commercial success. With the Engelhartstetten wind farm, we
   are not only making another significant contribution to the
   decarbonization of Lenzing. Together with our strong partners, we are also
   positioning ourselves even more independently of the global energy market
   and thus gain more planning security”, says Christian Skilich, member of
   the Management Board of the Lenzing Group.

    

   In 2019, Lenzing was the first fiber manufacturer to set itself the goal
   of reducing its CO[2] emissions by 50 percent by 2030 and becoming
   carbon-neutral by 2050. This CO[2] reduction target was recognized by the
   Science Based Targets Initiative. In 2022, Lenzing opened Upper Austria's
   largest open-space photovoltaic plant together with Verbund and also
   signed an electricity supply contract for photovoltaic energy with the
   green electricity producer Enery and Energie Steiermark.

    

   Photo download: (Photos of the ground-breaking ceremony will be added
   shortly):

   [1]https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=XDCGqV60AFwa
   PIN: XDCGqV60AFwa

    

    

   Your contacts:                              
                                               
   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    media@lenzing.com                E-mail     [3]media@lenzing.com
   Web       [2]www.lenzing.com               Web        [4]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: 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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   09.11.2023 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: 1769805


    
   End of News EQS News Service


   1769805  09.11.2023 CET/CEST

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