Grupo Princz-IPASA, a national leader in PVC and bioplasticizer manufacturing, has entered into a strategic agreement with Genneia, the foremost renewable energy producer in Argentina, to supply 60% of its energy needs with clean energy. This alliance, formalized under the private Renewable Energy Term Market (MATER) system, entails a 15-year green energy provision contract commencing on May 1, 2024. Genneia will supply renewable energy from its wind and solar farms.
With 75 years of industry experience, Grupo Princz-IPASA is committed to a sustainable business model that benefits the environment and local communities. This initiative is part of the company’s broader sustainability strategy in Argentina, aiming for carbon neutrality by 2040.
“It is a privilege that, through the agreement with Genneia, we can materialize a key aspect of our ESG strategy by obtaining clean energy for our production plants in the province of Buenos Aires. At Princz-IPASA, we are committed to being a company with a positive impact, providing our clients with sustainable materials for their production cycles,” said Pablo Princz, Director of Princz-IPASA.
Belén Pacheco, Business & Sustainability specialist at the consultancy supporting the group’s ESG strategy, noted, “This milestone is a fundamental step in Princz-IPASA’s journey towards a model that integrates environmental and social value in its business development.”
Gustavo Castagnino, Director of Corporate, Regulatory and Sustainability Affairs at Genneia, expressed, “We are proud to provide green energy to a company that prioritizes its community and the environment. This alliance enables us to further advance the shift towards renewable energy, helping to decarbonize industrial processes.”
This partnership underscores both companies’ commitment to sustainability and the ongoing transition to renewable energy within Argentina’s industrial sector.
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