Solvay Energy Services, CDC Infrastructure and Marubeni join forces in a second innovative energy efficiency project
Paris-Tokyo, 5 March 2015 – Solvay Energy Services, a 100% subsidiary of Solvay SA, CDC Infrastructure, a 100% subsidiary of Caisse des Dépôts, and Marubeni Corporation (“Marubeni”) have created a joint venture to finance and operate a cogeneration plant at Solvay group’s plant facilities in Lyon (France). This is the second project of such type, after a first joint-venture established by the three partners in September 2013, which operates a similar energy efficiency project at Solvay’s Rare Earth plant in La Rochelle (France).
This joint-venture will own, upgrade and operate a 42MW gas turbine, an exhaust gas boiler and natural gas boilers, totalling 270t/h steam supply capacity. The upgrading will reduce energy consumption of Solvay Lyon site and other neighbouring plants along the Rhone River. It will allow these plants to increase their competitiveness while reducing their environmental impacts.
Partners now intend to further develop this type of innovative structuring and financing on a larger scale to assist industrial sites in reducing their energy consumption. Projects will be implemented on Solvay’s and third parties’ plants within Europe.
Solvay Energy Services, CDC Infrastructure and Marubeni bring complementary expertises to this promising collaboration, in a global objective to become key players of the energy transition.
Beyond co-financing the project, Solvay Energy Services and Marubeni will bring their know-how in energy assets operations and maintenance. As for CDC Infrastructure, this initiative shows that industrial energy efficiency projects can provide both satisfying risk/return and significant environmental benefits.
Solvay Energy Services is a global business unit of the Solvay Group, specialized in energy and CO₂ management, and in the implementation of new solutions to fight climate change. Located in 12 countries, Solvay Energy Services manages 900 million Euros of energy purchases and develops third parties activities in the field of energy and CO₂ efficiency, renewable energy and biofuels. Solvay Energy Services works for all major industrial sectors (automobile, metallurgy, paper, services, food, chemistry, etc.) to reduce energy costs and CO₂ footprint.
As an international chemical group, SOLVAY assists industries in finding and implementing ever more responsible and value-creating solutions. Solvay generates 90% of its net sales in activities where it is among the world's top three players. It serves many markets, varying from energy and the environment to automotive and aeronautics or electricity and electronics, with one goal: to raise the performance of its clients and improve society's quality of life. The group is headquartered in Brussels, employs about 26,000 people in 52 countries and generated 10.2 billion euros in net sales in 2014. Solvay SA (SOLB.BE) is listed on EURONEXT Brussels and EURONEXT Paris (Bloomberg: SOLB:BB - Reuters: SOLB.BR).
CDC Infrastructure, a 100%-owned subsidiary of Caisse des Dépôts, makes long-term equity investments in strategic infrastructure, which support French economic development and energy transition. Its €1.1 billion portfolio contains transport, energy and telecom assets. It includes high-speed railway lines, tramway networks, ports, motorways, energy networks, renewable energy production, and fibre optic networks. CDC Infrastructure plays a key role in financing infrastructure in France.
Marubeni is an international trading and investment company headquartered in Tokyo. The areas of activities encompasses importing and exporting, related to food materials, food products, textiles, materials, pulp and paper, chemicals, energy, metals and mineral resources and transportation machinery. The Company's activities also extend to power projects and infrastructure, plants and industrial machinery, finance, logistics and information industry, and real estate development and construction, providing EPC and BOT/BOO services to broad industrial customers. Additionally, Marubeni conducts business investment, development and management on a global level.