L'Oréal signs renewable natural gas deal in a bid to reach carbon neutrality
The French cosmetics firm, L’Oréal, has signed a deal to receive renewable natural gas (RNG) from a landfill site in order to supply its US manufacturing and distribution facilities with energy.
The company has announced that it aims to achieve carbon neutrality across its facilities in the US and will do so by purchasing 40% of RNG produced at the Big Run landfill in Ashland, Kentucky.
The 15-year long agreement should see all 21 sites reaching carbon neutrality by next year, the firm states.
“Achieving carbon neutrality for all of our operations facilities furthers our commitment to being a sustainability leader in the United States,” stated Frédéric Rozé, The USA CEO of L’Oréal.
“We have seen that a dedication to sustainability fosters innovation, inspires creativity and builds a strong team spirit.”
“This new milestone can be credited to our passionate teams and their vision in finding a new renewable energy approach that benefits one of our local communities while being a long-term, financially viable solution.”
In order to combat the cost of purchasing RNG, L’Oréal will sell environment attributes to fuel markets over the next five years, as well as carbon offsets from a different RNG facility.
The firm hopes this will instigate fuel producers to conform to the US’ renewable fuel standards.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.