09.10.2019, 3041 Zeichen

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Company Information
Highlights -
Construction of a new air purification and sulfur recovery plant\nFurther improvement of the exhaust emission values at the Lenzing site\nImportant step in achieving the CO2 targets of the Lenzing Group\nLenzing - The Lenzing Group is a global leader in the climate-friendly and sustainable production of wood-based textile fibers. Lenzing announced its climate targets in August of this year. By 2030, the company aims to reduce its specific CO2 emissions per ton of manufactured pulp and fibers by 50 percent. By the year 2050, the Lenzing Group will no longer generate any net CO2 emissions.
Lenzing's Management Board has now resolved to invest EUR 40 mn to expand the production of the raw material sulfuric acid at the Lenzing site. This comprises an important milestone on the path towards climate neutrality. In the future, a new air purification and sulfur recovery plant will not only optimize the company's self-sufficiency for this raw material and enhance process reliability but improve environmental protection within the context of a clear forward- looking strategy.
Zwtl.: Improved exhaust emission performance
The new plant represents an important contribution towards implementing the sustainability strategy of the Lenzing Group, and also helps to ensure an even higher level of environmental compatibility of all production operations at the Lenzing site. The application of state-of-the-art technologies will further improve exhaust emission values. Furthermore, the new facility will help further reduce the use of fossil fuels by generating steam which will, in turn, be converted into electricity. In this way, it will also support the energy self- sufficiency of the company's operations in Lenzing.
Zwtl.: Improved CO2 scorecard
As a result, the production plant in Lenzing will reduce its annual CO2 emissions by 15,000 tons. This is an important step towards further advancing the company's ambitious plans in the coming years and also strengthen Lenzing's leadership role as a driver of ecologically sustainable industry. "On the basis of these investments, Lenzing is taking the next step in achieving its climate targets. At the same time, it will also reach a significantly higher level of autonomy with respect to a vital raw material", states Stefan Doboczky, Chief Executive Officer of Lenzing.
Photo download: https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=ikq63UHfKtuW [https:// mediadb.lenzing.com/pinaccess/showpin.do?pinCode=ikq63UHfKtuW] PIN: ikq63UHfKtuW
end of announcement euro adhoc
issuer: Lenzing AG
A-4860 Lenzing phone: +43 7672-701-0 FAX: +43 7672-96301 mail: office@lenzing.com WWW: http://www.lenzing.com ISIN: AT0000644505 indexes: ATX, WBI stockmarkets: Wien language: English
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1. Filip Miermans neuer Leiter Corporate Communications & Investor Relations bei Lenzing; Foto: Neumayr/Leo   >> Öffnen auf photaq.com

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