By Ed Frankl 
 

Solvay SA and Veolia Environnement SA on Wednesday said they launched a project to cut carbon-dioxide emissions at Solvay's soda-ash plant at Dombasle in eastern France.

The two companies said the project aims to replace coal with refuse-derived fuel for the production of clean energy.

The new facility, to be built by Solvay and operated by Veolia, will require an investment of 225 million euros ($255.6 million) and is scheduled to come on stream in 2024

The project will ensure the plant's competitiveness and reduce CO2 emissions by 50%, the companies said.

 

Write to Ed Frankl at edward.frankl@dowjones.com

 

(END) Dow Jones Newswires

February 16, 2022 02:31 ET (07:31 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Solvay (PK) (USOTC:SLVYY)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Solvay (PK) Charts.
Solvay (PK) (USOTC:SLVYY)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Solvay (PK) Charts.