- The €250 million investment will support the delivery of a new,
purpose-built, state-of-the-art distillery which is expected to be
operational in 2025
- Once operational, the new distillery will create up to 100 new
highly skilled jobs for East Cork over time
- The new distillery will be situated on a site adjacent and
connected to the world-famous Midleton Distillery and will generate
circa 800 construction jobs over 3 years
- The new distillery will be a carbon neutral operation,
facilitated by the implementation of new and innovative MVR
(Mechanical Vapour Recompression) technology to reuse waste heat
and the use of biogas produced on site.
Regulatory News:
Pernod Ricard (Paris:RI):
Irish Distillers, producer of some of the world’s most
well-known and successful Irish whiskeys, has today announced it
will invest 250 million euro to build a new distillery in Midleton
Co. Cork in order meet demand and ensure the necessary future
production capacity for its portfolio of Irish whiskeys
globally.
The distillery will produce some of the world’s most well-known
and successful Irish whiskeys, including Jameson, Powers,
Redbreast, Midleton Very Rare, the Spot family and Method and
Madness.
The new distillery will be situated on a 55-acre site adjacent
and connected to the world-famous Midleton Distillery.
Subject to a successful planning application and meeting all
licensing requirements, the new distillery will distil pot still
and grain whiskey with grain intake, brewing, fermentation, and
distillation facilities incorporated into the new 55-acre site.
The new distillery is expected to generate up to 100 highly
skilled new jobs for the region over time once the distillery is
operational in 2025, and circa 800 jobs during the construction
phase.
Irish Distillers recently announced plans to invest €50 million
to fund projects aimed at transforming Midleton Distillery into a
carbon neutral operation by the end of 2026 by leveraging
breakthrough emissions reducing technology to reduce energy use. In
line with Irish Distillers’ ambition, the new distillery will also
be a carbon neutral operation.
The new site will also incorporate various environmental
projects which will be developed in order to enhance biodiversity
and protect local wildlife.
An expanded distilling capacity is expected to increase Midleton
Distillery’s requirement for barley and malted barley by up to 50%,
which the company intends to source from Irish farmers.
The Irish Distillers project team is partnering with engineering
and architecture consultancy firm Arup on the initial design and
with Harry Walsh Associates on the planning application. Irish
Distillers is engaging with all relevant stakeholders and
consulting with community groups in the locality as part of the
pre-planning process.
A planning application is expected to be submitted to Cork
County Council towards the end of 2022 and, if successful,
construction will commence in 2023 with plans for the distillery to
be operational in 2025.
Speaking at the announcement, An Taoiseach, Micheál Martin
TD, said: “The continued success of the Irish whiskey industry
is something that we can be incredibly proud of as a nation. Irish
Distillers has played an integral role in the development of the
industry. Whiskey has been distilled in Midleton for nearly 200
years and the €250 million investment will deliver hundreds of more
jobs into the future, both during construction and once the
distillery is operational... Today’s announcement is an extremely
positive development for Midleton and the local East Cork economy
more broadly and will further solidify Midleton’s reputation as the
home of Irish whiskey.”
Nodjame Fouad, Chairman and CEO at Irish Distillers,
said: “At Irish Distillers we are always planning for the
future growth of Irish whiskey and today is a momentous day for
Irish Distillers and the team at Midleton Distillery as we announce
a €250 million investment plan to deliver a new, state of the art
distillery in Midleton, Co. Cork which will be a carbon neutral
operation. We are immensely proud of the continued strong
performance of our full portfolio of Irish whiskeys, led by Jameson
which sold over 10 million cases in our 2022 financial year. The
new distillery will be a beautiful, landmark development with
sustainability at its core and will serve to further demonstrate
our commitment to Midleton and East Cork, generating more jobs for
the region and further driving recognition of Midleton Distillery
as the beating heart of Irish whiskey.”
Tommy Keane, Operations Director at Irish Distillers,
said: “Whiskey has been distilled in Midleton for almost 200
years and as such it has always been our desire to secure the
future of distilling in East Cork. Today, we are delighted to
announce plans for a new distillery connected to the famed Midleton
Distillery. We are incredibly proud of Midleton’s well-earned
reputation as the home of some of the world’s most loved Irish
whiskeys, and today’s announcement – along with the ongoing €13
million redevelopment of our visitor experience – will cement
Midleton’s reputation as a world-renowned whisk(e)y destination.
Through the delivery of this distillery, we also plan to play our
part in supporting Ireland’s decarbonising strategy while also
aligning with Pernod Ricard’s commitment to follow a Net Zero
trajectory by 2050.”
Leo Clancy, CEO Enterprise Ireland, said: “Midleton is
synonymous with whiskey, and is globally renowned for its products.
Enterprise Ireland is delighted to work with Irish Distillers, and
we warmly welcome their announcement today about their ambitious
new €250m investment plan which will deliver a new distillery that
will be a carbon neutral operation. This planned investment will
also have an important impact on the local community, by creating
up to 100 new jobs in East Cork, as well as hundreds more during
the construction phase. It also demonstrates Irish Distillers
continued long-term commitment to Ireland and their sustainability
ambitions.”
Ends
Notes to the editor:
The distillery will also employ innovative Mechanical Vapor
Recompression (MVR) technology which will see a closed loop system
capture, compress and recycle waste heat in the distilling process.
Renewable sources of energy, including green hydrogen and biogas
will be used to power the distillery. Irish Distillers has
partnered with local experts at EI-H2 to explore opportunities to
source green hydrogen and carried out extensive research in
partnership with MaREI, the SFI Research Centre for Energy, Climate
and Marine, hosted by University College Cork, to determine the
biomethane potential of the by-products of distillation and design
the required anaerobic digestion process necessary to produce
biogas. Irish Distillers will also partner with StanTech on
wastewater treatment and biogas production.
In addition to its commitments to eliminate scope 1 and scope 2
emissions across both distilleries, Irish Distillers has also
committed to working with suppliers on projects and initiatives to
reduce scope 3 emissions across all areas of its business including
raw materials, dry goods, transportation, logistics and
freight.
About Irish Distillers
Irish Distillers is Ireland’s leading supplier of spirits and
wines and producer of some of the world’s most well-known and
successful Irish whiskeys. Led by Jameson, our brands are driving
the success of Irish whiskey globally. Jameson is the world’s
fastest-growing Irish whiskey, selling 10.4 million cases in FY22.
Our brands are exported to 130+ markets around the world, with many
of those experiencing double-or triple-digit growth.
Irish Distillers was formed in 1966, when a merger took place
between John Power & Son, John Jameson & Son and Cork
Distilleries Company. In 1988 Irish Distillers joined Pernod
Ricard, gaining access to unprecedented levels of investment and an
extensive global distribution network. Since 2012, we have invested
over €250m to double our production and bottling capacity to meet
global demand for our products.
We employ over 800 people across our operations in Cork and
Dublin.
About Pernod Ricard
Pernod Ricard is the No.2 worldwide producer of wines and
spirits with consolidated sales amounting to €10,701 million in
fiscal year FY22. The Group, which owns 17 of the Top 100 Spirits
Brands, holds one of the most prestigious and comprehensive
portfolios in the industry with over 240 premium brands distributed
across more than 160 markets. Pernod Ricard’s portfolio includes
Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal
Salute, and The Glenlivet Scotch whiskies, Jameson Irish whiskey,
Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur or
Mumm and Perrier- Jouët champagnes. The Group’s mission is to
unlock the magic of human connections by bringing “Good Times from
a Good Place”, in line with its Sustainability and Responsibility
roadmap. Pernod Ricard’s decentralised organisation empowers its
19,480 employees to be on-the-ground ambassadors of its purposeful
and inclusive culture of conviviality, bringing people together in
meaningful, sustainable and responsible ways to create value over
the long term. Executing its strategic plan, Transform &
Accelerate, Pernod Ricard now relies on its “Conviviality
Platform”, a new growth model based on data and artificial
intelligence to meet the ever-changing demand of consumers.
Pernod Ricard is listed on Euronext (Ticker: RI; ISIN
Code:FR0000120693) and is part of the CAC 40 and Eurostoxx 50
indices.
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