International Paper (IP) is making significant strides in decarbonization and renewable energy at its Madrid mill in Spain.
The company has announced two major initiatives that will transform its operations and substantially reduce its carbon footprint.
In partnership with Spanish firm ENSO, IP plans to install a state-of-the-art biomass boiler at its Fuenlabrada facility. Set to begin operations in 2025, this project is expected to cut the mill's CO2 emissions by half.
Additionally, IP has signed a new power purchase agreement to source 10% of the Madrid mill's electricity needs from solar energy. This move increases the facility's renewable energy mix to over 30%.
Eric Chartrain, VP of Operational Excellence & Strategy Acceleration at IP EMEA, emphasized the company's commitment to sustainability: "These new initiatives in Spain are a testament to our dedication to improving our carbon footprint by driving energy efficiency and integrating renewable energy into our operations".
The investments align with IP's broader strategy of embracing circularity in its Spanish operations. From recycling at its CARPA business to using reclaimed water at the Madrid mill, the company is focused on minimizing waste and maximizing resource efficiency.
These developments come as part of IP's ongoing efforts to support customers with low-carbon packaging solutions and contribute to a more sustainable future in the packaging industry.
About International Paper
International Paper (NYSE: IP) is a global leader in sustainable packaging and fiber-based products, and one of the world’s largest recyclers. Headquartered in Memphis, Tennessee, the company employs approximately 39,000 people worldwide and reported net sales of $18.9 billion in 2023. In the Europe, Middle East & Africa (EMEA) region, International Paper produces fiber-based packaging and specialty pulp, with operations spanning two recycled containerboard mills and 23 box plants across five countries. For more information, visit internationalpaper.com.