on ENOGIA (EPA:ALENO)
ENOGIA Partners with Naphtachimie for Decarbonised Power Project
ENOGIA has announced a significant contract with Naphtachimie, a subsidiary of the INEOS Group. This agreement marks ENOGIA's first industrial project under the Green Shield Power Solutions initiative. Located at the Lavéra site near Marseille, the project will convert waste heat from industrial processes into decarbonised electricity, without capital expenditure for Naphtachimie.
The Energy-as-a-Service model promises competitive advantages even within French heavy industries. ENOGIA’s ORC modules, manufactured nearby, will transform otherwise wasted heat into electricity consumed onsite. The project spans a minimum of 10 years and is managed by ENOGIA Assets Industry, showcasing a profitable and replicable business model.
This partnership illustrates the capability of leveraging existing energy for increased efficiency, creating a benchmark for future energy-intensive industrial sites both in France and abroad.
R. H.
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