cairo m Italiana Coke and the C2MAC group have signed an agreement to consolidate their commercial relations, which provides that the Cairian company will supply, in addition to foundry coke, also electricity for a multi-year period. The contract for the supply of energy will be implemented with the intervention of Axpo as supplier of the services necessary for the delivery of energy to C2MAC.
C2MAC Group (Italian group active in cast iron castings and machining, for hydraulics, created by Fondo Italiano d’Investimento), and Italiana Coke, ICE Group, with the contribution of Axpo (one of the European leaders in electricity distribution which collaborates with C2Mac for many years), have therefore strengthened their partnership by concretely applying the ESG (environmental, social and governance) strategies they have undertaken some time ago, signing a Power Purchase Agreement (PPA) for the supply of electricity produced from waste and recovered from the production cycle.
Italiana Coke will supply the C2MAC Group with the electricity produced from the gases derived from its industrial production, making it possible to recover energy that would otherwise be wasted and thus significantly reducing the environmental impact and contributing to the sustainability initiatives in which the two companies have been engaged for years.
C2Mac Group develops and implements its management model to shape a sustainable organization, necessary to generate a positive and lasting impact for society and the environment, improving its financial results and triggering a virtuous circle. C2Mac Group has launched various projects in this area, from the transformation of production plants to the reduction of food waste. In this regard, the Sustainability Report will be published in 2023.
Italiana Coke holds important know-how, technologies, infrastructures, plants and services that allow it to project itself into the future with activities at the service of the metallurgical industry to develop environmental impact mitigation projects thanks to new initiatives in the production of coke and the generation of high energy efficiency electricity..
In addition to environmental sustainability, the Power Purchase Agreement allows both companies to stabilize the value of electricity in the medium term for a portion of their needs, thus helping to reduce the impact of high volatility and uncertainty on supplies of current market conditions.CopyAMP code
For the definition of the circular PPA, Italiana Coke was assisted by AFRY Management Consulting.