The country’s leading PET bottles manufacturer, Mc Bride Corp., is decarbonizing its operations by switching to renewable energy.
First Gen Corp. will supply Mc Bride with geothermal power from its geothermal arm Energy Development Corp. (EDC).
The move to shift to green energy for the entire 1.39-megawatt (MW) power demand for its two facilities located in Caloocan comes after Mc Bride’s declaration of reducing its carbon footprint by 25 percent in 2023.
Mc Bride provides high-quality plastic packaging to various fast-moving consumer goods (FMCG) manufacturers in the ASEAN region.
The company’s move to fully shift to renewable energy will help Mc Bride reduce its carbon footprint by 7,231 tonnes per carbon dioxide equivalent each year.
MC Bride likewise plans to set up a PET bottle recycling facility to further reduce its carbon footprint. It hopes that First Gen will also be able to power it with 100 percent RE.
EDC is First Gen’s 100% renewable energy subsidiary that has over 1,480 MW total installed capacity and accounts for 20 percent of the country’s total installed RE capacity.
Its 1,185.40-MW geothermal portfolio accounts for 62 percent of the country’s total installed geothermal capacity, making the Philippines the third largest geothermal producer in the world.
First Gen is the Philippines’ leading clean energy company whose portfolio includes geothermal, hydro, solar wind, and natural gas, considered the cleanest form of fossil fuel.