Opus One Expands Chart Industries’ CO2 Capture Solution for Third Year
Rhea-AI Summary
Opus One Winery, a pioneer in ultra-premium winemaking in Napa Valley, is expanding its deployment of Chart Industries' (NYSE: GTLS) carbon capture solutions for the third consecutive year. The winery plans to double the CO2 captured during the 2024 Harvest using Chart's Earthly Labs' CiCi (Oak) technology. This expansion will capture CO2 emitted during red wine fermentation, which is then purified, liquefied, and reused on-site to make dry ice, eliminating traditional transportation emissions.
Opus One will also pilot an upgraded visualization dashboard using the Chart Howden Uptime platform. The winery, which achieved Napa Green vineyard and winery certification in 2018, continues to demonstrate its commitment to environmentally conscious winemaking practices and decarbonization efforts.
Positive
- Expansion of carbon capture solution to double CO2 captured during 2024 Harvest
- Reuse of captured CO2 on-site for dry ice production, reducing transportation emissions
- Implementation of real-time monitoring software to track CO2 captured
- Piloting of upgraded visualization dashboard using Chart Howden Uptime platform
Negative
- None.
Insights
Opus One's expansion of Chart Industries' CO2 capture solution marks a significant step in sustainable winemaking. By doubling their CO2 capture capacity for the 2024 harvest, they're demonstrating a strong commitment to reducing their carbon footprint. This move aligns with the growing trend of circular economy practices in the wine industry.
The on-site utilization of captured CO2 for dry ice production is particularly noteworthy, as it eliminates transportation emissions associated with dry ice deliveries. This closed-loop system not only reduces direct emissions but also decreases indirect environmental impacts.
Opus One's leadership in sustainability, evidenced by their Napa Green certification and partnership with International Wineries for Climate Action, positions them as a model for the industry. This expanded CO2 capture initiative could potentially influence other wineries to adopt similar practices, driving broader change in the sector.
Opus One's expansion of CO2 capture technology is a strategic move that could enhance their market position. In an era where consumers are increasingly eco-conscious, this initiative could boost brand value and consumer loyalty. The winery's commitment to sustainability may justify premium pricing, potentially improving profit margins.
However, the financial implications of this expansion aren't clear. While it likely involves significant upfront costs, long-term benefits could include reduced operational expenses from on-site dry ice production and potential carbon credits. The real-time monitoring software and upgraded visualization dashboard could also improve operational efficiency.
As a pioneer in this technology, Opus One could gain a competitive advantage in the ultra-premium wine market. If successful, this model could become a new industry standard, potentially leading to increased demand for Chart Industries' solutions in the wine sector.
ATLANTA, Aug. 16, 2024 (GLOBE NEWSWIRE) -- A pioneer in ultra-premium winemaking in Napa Valley, Opus One Winery is among the first wineries in the world to expand their deployment of Chart Industries, Inc. (NYSE: GTLS) carbon capture solutions. For the last two years, Opus One has implemented Chart’s Earthly Labs’ CiCi (Oak) solution to capture carbon dioxide (CO2) during red wine fermentation and plans to expand the deployment to double the CO2 captured during the 2024 Harvest. This model of circular carbon economy in the wine industry is unique, but one of the many practices Opus One has implemented throughout their winery to advance environmentally conscious winemaking.
“Opus One’s pursuit of excellence extends to how we care for nature,” said Michael Silacci, winemaker at Opus One. “We have continued to expand Chart’s Earthly Labs carbon capture solution, reducing our climate impact and ensuring the enjoyment of each new vintage for generations to come.”
In 2022 Opus One implemented Earthly Labs CiCi (Oak) small scale carbon capture solution during the grape harvest to capture the waste CO2 emitted during the wine fermentation process. The technology captures, purifies and liquifies thousands of pounds of CO2 for reuse on site. Opus One utilizes the CO2 onsite to make dry ice, avoiding traditional transportation emissions from dry ice deliveries. Additionally, Opus One uses the real-time monitoring software to track CO2 captured.
This harvest, Opus One has expanded their CiCi (Oak) technology implementation to capture
“Chart Industries is honored to advance Opus One’s decarbonization journey,” said Jill Evanko, CEO of Chart Industries. “As one of the few wineries in the world to capture their waste CO2 and reuse it, Opus One stands as a model for exemplary and responsible wine making.”
In 2018 Opus One was the first winery to achieve Napa Green vineyard and winery certification through their attainment of many of the 120 sustainability standards to save energy, conserve water, prevent waste, reduce greenhouse gas emissions, care for employees, and land stewardship. Earlier this year Opus One partnered with North Carbon Management software to enhance the company’s ability to meticulously track, manage, and reduce its greenhouse gas emissions throughout the winery – from cultivation to production to packaging – in pursuit of certification with International Wineries for Climate Action (IWCA).
About Opus One Winery
Opus One produces a singular cabernet sauvignon blend grown in our Napa Green-certified estate vineyards in Oakville, California. Currently distributed in all 50 states and in 90 countries around the world, Opus One is now a joint venture between Baron Philippe de Rothschild S.A. and Constellation Brands.
About Chart Industries
Chart Industries, Inc. is a global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean™ - clean power, clean water, clean food, and clean industrials, regardless of molecule. The company’s unique product and solution portfolio across stationary and rotating equipment is used in every phase of the liquid gas supply chain, including engineering, service and repair and from installation to preventive maintenance and digital monitoring. Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas, and CO2 capture amongst other applications. Chart is committed to excellence in environmental, social, and corporate governance (ESG) issues both for its company as well as its customers. With 64 global manufacturing locations and over 50 service centers from the United States to Asia, Australia, India, Europe, and South America, the company maintains accountability and transparency to its team members, suppliers, customers, and communities. To learn more, visit www.chartindustries.com.
Chart Investor Contact:
John Walsh
VP, Investor Relations
1-770-721-8899
john.walsh@chartindustries.com
FAQ
How much CO2 will Opus One capture in 2024 compared to previous years using Chart Industries' technology?
What does Opus One do with the captured CO2 from Chart Industries' (GTLS) technology?
When did Opus One first implement Chart Industries' (GTLS) carbon capture solution?
What new feature will Opus One pilot in 2024 related to Chart Industries' (GTLS) technology?
