Fujifilm Holdings Corporation announced that Fujifilm Holdings America Corp. has entered into a Virtual Power Purchase Agreement (VPPA) for 300,000 MWh of annual sustainable solar energy from the Blevins Solar Project.
The VPPA offsets 100% of the company’s total electricity use in the United States and Canada and is equivalent to avoiding approximately 90,000 metric tons of CO2 emissions per year. This represents approximately 9% of the Fujifilm group’s global annual CO2 emissions (based on the actual result of the fiscal year ended March 2023).
“Fujifilm strives to be a company that contributes to solving society’s greatest challenges, including addressing climate change through our business strategy and operations,” said Teiichi Goto, president and chief executive officer, representative director of Fujifilm Holdings Corporation. “This Power Purchase Agreement is aligned with our policy, which emphasizes securing a stable supply of renewable electricity with additionality2. We will continue to reduce CO2 emissions in our supply chain and contribute to the realization of a decarbonized society.”
The VPPA marks a significant step towards the CO2 reduction goals set in Fujifilm’s Sustainable Value Plan 2030.
Fujifilm’s plant in Tilburg, the Netherlands, derives 100% of its electricity from wind. The installation of high-efficiency heat pumps and an e-boiler will make the plant 100% carbon neutral, according to the company.
Solar panels were installed at the Fujifilm Eco-Manufacturing (Suzhou) Corp. in Suzhou, China, Fujifilm Electronic Materials U.S.A., Inc. in Mesa, Arizona, and Fujifilm Healthcare Manufacturing Corporation in Sano, Japan, to supply their electricity needs.
Fujifilm is also addressing decarbonization of the fuel that it uses in the manufacturing of display materials and other highly functional films. Fujifilm is promoting an advanced initiative to establish a carbon neutral model in manufacturing using technologies including synthetic methane and hydrogen that do not emit CO2.
“We are honored to support Fujifilm in advancing their sustainability goals through this strategic partnership,” said Michael Kasbar, chairman and chief executive officer of World Kinect Corporation. “This project is another opportunity for our global renewable energy solutions team to demonstrate its expertise and extensive resources in providing greater access to sustainably sourced energy.”