SOURCE: CNH IndustrialDESCRIPTION:
FPT Industrial, a global powertrain brand of CNH Industrial N.V. (NYSE: CNHI/ MI: CNH), has visibly changed the area of Foggia, in southern Italy, for the better with their dynamic approach. The brand purchased carbon credits from a company that builds designs and manages plants producing fuel from renewable sources.
FPT Industrial’s manufacturing plant in Foggia produces F1 engines, which to date, has produced some four million units. In 2019, FPT Industrial decided to offset the 16,500 tons of CO2 emissions generated by its plant in Foggia during the upstream activities and manufacturing of F1C NG engines produced in the 2014-2018 period. This was done by supporting three projects at three landfill biogas plants in the Piedmont region in Italy, where biogas is generated by the anaerobic fermentation of the organic part of landfill waste, transforming it into a useful resource.
This was achieved with the help of Asja an Italian based, international company that, since 1995, has been an active leader in renewable fuel including biomethane and electricity from sustainable sources.
FPT Industrial also continued to offset the CO2 emissions generated in 2018 by its Turin Testing Center, which tests and develops the brand’s engines and drivelines, fine-tuning new engines, transmissions, and axles before they go into production. The Center aims to become a zero-impact testing facility.
Indeed, the 15,000 tons of CO2 generated by the facility during 2018 were balanced to zero by supporting activities at an electricity power plant in China, located near FPT Industrial facilities. The hydropower plant along the Huadian Xixi River, consisting of two 55-MWp turbo-generator units, produces energy that is fed directly into the grid and thus reduces energy production from fossil fuels.
These actions are in line with the Brand’s ethos of striving towards the goal of a sustainable future.
Tweet me: .@CNHIndustrial brand @FPTIndustrial has offset the #CO2 emissions generated by its plant in Foggia, Italy, during the upstream activities and manufacturing of F1C NG engines produced in the 2014-2018 period. https://bit.ly/2BOVxgD
KEYWORDS: NYSE:CNHI, CNH Industrial, FPT Industrial, Foggia Italy, Carbon Credits