Spotlight: Reducing International Paper's GHG Emissions Across All 3 Scopes

Rhea-AI Summary

International Paper is enhancing its commitment to sustainability with strategic investments aimed at achieving its Vision 2030 goals. A notable project includes the conversion of its coal-fired power boiler system at the Rome, Georgia Mill to natural gas. This $2.36 million initiative is expected to decrease greenhouse gas emissions by nearly 90,000 metric tons annually, as natural gas produces about 40% fewer GHG emissions than coal. In 2021, the company reported net sales of $19.4 billion and operates manufacturing facilities across multiple regions.

Positive

• Investment of $2.36 million in a natural gas boiler to cut emissions by nearly 90,000 metric tons annually.
• Alignment with Vision 2030 sustainability goals to reduce greenhouse gas emissions.

Negative

• None.

NORTHAMPTON, MA / ACCESSWIRE / January 25, 2023 / We are committed to investing strategically in pursuit of our Vision 2030 goals. In 2021, for example, we converted the coal-fired power boiler system at our Rome, Georgia Mill to natural gas. According to the International Energy Agency, natural gas produces about 40% fewer GHG emissions per unit of energy compared to coal; the gas-fired boiler will reduce the mill's GHG emissions by nearly 90,000 metric tons per year.

This $2.36 million project is just one example of the strategic, sustainable investments we are making on the road to 2030.

About International Paper

International Paper (NYSE:IP) is a leading global supplier of renewable fiber-based products. We produce corrugated packaging products that protect and promote goods, and enable worldwide commerce, and pulp for diapers, tissue and other personal care products that promote health and wellness. Headquartered in Memphis, Tenn., we employ approximately 38,000 colleagues globally. We serve customers worldwide, with manufacturing operations in North America, Latin America, North Africa and Europe. Net sales for 2021 were $19.4 billion. See how we're building a better future for people, the planet, and our company at internationalpaper.com/Vision-2030.

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Contact Info:
Spokesperson: International Paper Company
Website: https://www.3blmedia.com/profiles/international-paper-company
Email: info@3blmedia.com

SOURCE: International Paper Company

View source version on accesswire.com:
https://www.accesswire.com/736765/Spotlight-Reducing-International-Papers-GHG-Emissions-Across-All-3-Scopes

FAQ

What sustainability project did International Paper announce on January 25, 2023?

International Paper announced a $2.36 million project to convert its coal-fired power boiler at the Rome, Georgia Mill to natural gas, reducing emissions significantly.

How much will the new natural gas boiler reduce GHG emissions?

The natural gas boiler is expected to reduce GHG emissions by nearly 90,000 metric tons per year.

What are International Paper's Vision 2030 goals?

The Vision 2030 goals focus on sustainability and reducing greenhouse gas emissions across all operations.

What were International Paper's net sales in 2021?

International Paper reported net sales of $19.4 billion for the year 2021.

What is the significance of converting to natural gas for International Paper?

Converting to natural gas significantly lowers greenhouse gas emissions, aligning with the company's sustainability objectives.