Atlas Point Manufacturing Site to Install New Solar Energy System by End of 2013
Croda Inc announces today that it will continue with its focused efforts in the area of sustainability, with the installation of solar panels at its Atlas Point manufacturing facility in New Castle, DE.
The $2.3 million solar energy project, expected to be completed by year end, will be located on a 2.5 acre open area on the property, as a ground mounted system approximately 775 kW in size. The unit will generate approximately 5% of the site‚ electricity. Combined with the landfill gas project completed on the site in 2012, Croda estimates the site will achieve 60% or more of its total energy from non-fossil, renewable fuel. Additionally, this project with reduce the site's annual CO2 emission by more than 1.2 million lbs.
"This project demonstrates our continued commitment to renewable energy and sustainability as a whole. Croda has a global goal to obtain 25% of our energy needs from non-fossil sources by 2015, and we are excited that this project will help us achieve that goal", said Kevin Gallagher, President, Croda Inc. "Our objective is to make sustainability a point of difference for our business, and we are confident that this strategy will generate even greater benefits for the environment in which we operate, the people that we work with and the communities we are part of."
Croda was ranked number 25 in the world in the 2013‚ & Global 100 Most Sustainable Corporations‚ report. The report is compiled annually by Corporate Knights, a Canadian media organization specializing in the area of corporate sustainability. It is the most extensive data driven corporate sustainability assessment and is based on the financial, social and environmental performance of around 4,000 of the world‚ and largest listed companies. Initiatives like the solar panel installation at the Atlas Point facility contribute to Croda‚ and very high ranking in this prestigious report.
About Croda Inc
Croda Inc is a wholly-owned subsidiary of Croda International Plc, a U.K.-based manufacturer and worldwide supplier of natural based specialty chemicals that are sold to virtually every type of industry. Croda Inc is part of Croda's global network, servicing the specialty chemicals needs in the sectors of Consumer Care (personal care, healthcare, and crop care), Performance Technologies (home care, additives for polymers, polymers and coatings, lubricant additives and processed vegetable oils) and Industrial Chemicals (base oleochemicals). The company has approximately 3300 employees, working in 34 countries.