1. Home
  2. »
  3. News
  4. »
  5. Mexico’s Alpek leveraging acquisitions to achieve zero emissions by 2050
NEWS
Mexico’s Alpek leveraging acquisitions to achieve zero emissions by 2050
10/15/2021 Since 2 months

Mexican petrochemicals company Alpek, as part of its strategy to achieve net zero greenhouse gas emissions by 2050, will resort to buying and merging business units.

Alpek announced a green target programme that aims to increase its PET bottle recycling capacity to 300,000 tonnes by 2025 and reduce its emissions by 2030 as a first step.

The company, one of the largest producers of PTA and PET acid globally, also plans to adjust its production plants to implement renewable energy sources. The plan will require significant investments, which will be funded by cash resources and an eventual foray into the sustainable bond market. As part of its environmental strategy, the petrochemical company acquired a recycling plant in the United States last June, and will continue to focus on finding more projects in this sector, which also represent good investment opportunities.

This post is also available in: Spanish

LATEST NEWS
Four key Achievements of COP26
UN Climate Change Executive Secretary, Patricia Espinosa, outlined four key achievements made at this month’s UN Climate Change Conference COP26 in Glasgow, which represent “significant progress” in global efforts to ...
Since 6 days Read More
ESG Encyclopedia from Sustainable Fitch
The ESG Encyclopedia provides insights on the credit relevance and materiality of all sector specific environmental credit issues, namely • Greenhouse Heating Gas emissions and air quality • Energy and fuel manage...
Since 1 week Read More
Climate Bonds Initiative publishes latest report on the Latin American and Caribbean (LAC) market
Climate Bonds Initiative has just published the "State of the Market in Latin America and the Caribbean" report, which was supported by the Inter-American Development Bank (IDB) and the International Finance Corporati...
Since 3 weeks Read More