DJ Charwood Energy: Charwood Energy signs its first corporate PPA1 with Verallia France to supply it with syngas
Charwood Energy
Charwood Energy: Charwood Energy signs its first corporate PPA1 with Verallia France to supply it with syngas
05-Feb-2025 / 17:45 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Press release
Saint-Nolff, February 5, 2025
Charwood Energy signs its first corporate PPA1 with Verallia France to supply it with syngas
Charwood Energy (ISIN: FR001400AJ60, ticker: ALCWE), a French specialist in customized biomass recovery solutions, has
signed a 21-year syngas sale agreement with Verallia France, a subsidiary of the Verallia Group, a European leader and
the world's third-largest producer of glass packaging for beverages and food products.
Signed on January 31, 2025, the sale agreement takes the form of a corporate PPA[1] covering the construction and
operation within the Verallia plant in Cognac of a production plant for syngas, a green gas generated using biomass
pyrogasification, which Charwood Energy will own.
This partnership will help the Verallia Group achieve its ambitious decarbonization strategy:
-- 46% reduction in scope 1 and 2 emissions in absolute terms by 2030 compared to 2019 (validated by SBTI -
Science Based Targets Initiative),
-- Net zero target for scope 1 and 2 emissions by 2050,
-- Keep scope 3 emissions below 40% of the Group's total emissions by 2030.
The start of construction of the plant at the Verallia site in Cognac is scheduled for the first half of 2025.
Once commissioned, expected in the first quarter of 2027, it will be used to supply Verallia with syngas to power one
of the three furnaces at the Cognac site, replacing 20% of its fossil energy consumption. With production of 30 Gwh/
year, it will require 8,000 tons of biomass to be produced within a 100km radius around the Verallia site.
This syngas production plant will enable Verallia to save 6,000 tons of CO2 per year, i.e. decarbonization of 84.5%
compared to natural gas.
The project is both environmentally and socially responsible and will create five direct jobs at the Cognac site for
the operation and maintenance of the facilities, as well as eight jobs related, in particular, to the supply of
biomass.
The investment is being provided by Charwood Energy and the Eiffel Gaz Vert fund through their joint subsidiary W&
nergy. The project received a grant from ADEME as part of the "Décarb'ind" call for projects and from the Nouvelle
Aquitaine region.
Adrien Haller, Chairman and CEO of Charwood Energy said: "The signing of this first corporate PPA represents a historic
step forward for Charwood Energy in its development and a concrete step towards a more sustainable industry. We are
proud to work with Verallia France and thank them for the trust they have shown in us. This partnership illustrates our
commitment to offering efficient and bespoke renewable solutions to support our customers in their energy transition."
Nicolas Rident, Deputy CEO of Charwood Energy added: "This partnership illustrates our ability to provide competitive
renewable energy suitable for industrial requirements. By enabling them to strengthen their energy autonomy while
reducing their carbon footprint, we are providing Verallia with a concrete solution to their decarbonization
objectives."
Pierre-Henri Desportes, Chairman of Verallia France said: "I am proud that the Cognac site will be a pioneer in
reducing the environmental footprint of the glass industry in France. The glass plant will be the only site in France
operating with two innovative decarbonization technologies: the world's largest 100% electric furnace for glass for
food products and renewable energy from biomass that will replace 20% of the fossil energy produced by furnace 3. These
projects illustrate our commitment to decarbonize our business to make glass the most sustainable packaging material in
the world."
Next publication: FY 2024 revenues, February 26, 2025, after market close.
About Verallia
At Verallia, our purpose is to reimagine glass to build a sustainable future. We want to redefine how glass is
produced, reused and recycled to make it the world's most sustainable packaging material. We work together with our
customers, suppliers and other partners across the value chain to develop new, beneficial and sustainable solutions for
all.
With almost 11,000 employees and 35 glass production facilities in 12 countries, we are the European leader and world's
third-largest producer of glass packaging for beverages and food products. We offer innovative, customized and
environmentally friendly solutions to over 10,000 businesses worldwide. Verallia produced more than 16 billion glass
bottles and jars and recorded revenue of EUR3.9 billion in 2023.
Verallia's CSR strategy has been awarded the Ecovadis Platinum Medal, placing the Group in the top 1% of companies
assessed by Ecovadis. Our CO2 emissions reduction target of -46% on scopes 1 and 2 between 2019 and 2030 has been
validated by SBTI (Science Based Targets Initiative). It is in line with the trajectory of limiting global warming to
1.5°C set by the Paris Agreement.
Verallia is listed on compartment A of the regulated market of Euronext Paris (Ticker: VRLA - ISIN: FR0013447729) and
is included in the following indices: CAC SBT 1.5°, STOXX600, SBF 120, CAC Mid 60, CAC Mid & Small and CAC
All-Tradable.
In France, Verallia puts its glassmaking expertise to work at its seven plants located in Lagnieu, Cognac,
Chalon-sur-Saône, Oiry, St-Romain-Le-Puy, Vauxrot and Albi. Located as close as possible to the wine and agri-food
sector, Verallia France is a leading local player, with more than 2,000 employees throughout the country.
Press contacts:
Laurie Dambrine | verallia@comfluence.fr | +33 (0)1 40 07 98 27
Sara Natij | verallia@comfluence.fr | +33 (0)7 68 68 83 22
About Charwood Energy
Convinced that biomass is one of the keys to meeting the challenges of the energy transition, Charwood Energy designs,
installs and maintains customized solutions for the production of renewable energy from biomass.
Charwood Energy possesses a wealth of technical know-how and is proficient in all biomass recovery technologies -
heating systems and networks, methanization and pyrogasification.
Positioned since 2019 in the promising process of pyrogasification, Charwood Energy is now also involved in the
development and operation of pyrogasification units on its own account, to produce and sell green gas (syngas), biochar
and carbon credits to industrial customers, through direct supply contracts.
The company is listed on Euronext Growth® Paris (ISIN: FR001400AJ60, ticker: ALCWE) - Eligible for inclusion in French
PEA and PEA-PME equity savings plans. Charwood Energy has also been named an "Innovative Company" by Bpifrance.
Find out more at https://charwood.energy/en/investors
Contacts
SEITOSEI.ACTIFIN SEITOSEI.ACTIFIN
CHARWOOD ENERGY Investor Relations Press Relations
investisseur@charwood.energy Ghislaine Gasparetto Michael Scholze
+33 (0)2 97 26 46 30 charwood@seitosei-actifin.com michael.scholze@seitosei-actifin.com
+33 (1) 56 88 11 22 +33 (1) 56 88 11 14
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[1] Corporate Power Purchasing Agreement - a long-term contract between the electricity consumer, usually a company (in this case Verallia), and the producer, who in this case is building a new renewable power plant to supply its customer
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Regulatory filing PDF file File: PR_Charwood Energy_Verallia vFinal
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Language: English
Company: Charwood Energy
1 Rue Benjamin Franklin - P.A. de Kerboulard
56250 Saint-Nolff
France
Phone: 0297264630
E-mail: contact@energy.bzh
ISIN: FR001400AJ60
Euronext Ticker: ALCWE
AMF Category: Inside information / Other releases
EQS News ID: 2081843
End of Announcement EQS News Service
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