Nestlé Lanka invests €11.2m in factory upgrade including biomass boiler
The project is expected contribute significantly towards the company’s stated endeavour of achieving net zero emissions across the value chain by 2050.
Planned to begin mid-2023, this investment project will be conducted under a build-own-operate-transfer (BOOT) agreement with Thermax Energy & Environment Lanka (Private) Limited.
The company said it has a comprehensive roadmap in place - spanning across the entire value chain from farm to end-of-shelf-life - towards reducing greenhouse gas emissions by 20% by 2025 and 50% by 2030, ultimately achieving net zero emissions by 2050.
Consequently, the construction of this biomass boiler is a significant milestone in Nestlé’s sustainability journey in Sri Lanka, resulting in an estimated 37% reduction in greenhouse gas emissions in manufacturing, the company said. Having started its operations in 1984, today, Nestlé Lanka’s Kurunegala factory manufactures over 90% of Nestlé products sold in the country.
“Throughout our operations spanning over 115 years, Nestlé has never wavered in our commitment and endeavour of positively impacting Sri Lankans, be it with our continuous investments, tastier and healthier choices, contribution towards local communities or our initiatives towards a greener and cleaner Sri Lanka. It gives me immense pride to lead by example and embark on this project, which would result in a significant positive impact to the planet,” Jason Avanceña, managing director of Nestlé Lanka, said.
He also said the project would help reduce foreign currency outflows from the country with the reduced use of fossil fuel in our operations.