Grupo Fertiberia has launched the most ambitious investment plan in its history to reduce emissions from its industrial activity to zero by 2035, as part of the Science-Based Targets initiative, and to lead the development of the European green ammonia market
- It is the first major company in the plant nutrition sector to commit to reducing its emissions to zero by 2035, as part of the Science-Based Targets initiative.
- It plans to lead the development of the green ammonia market in Europe.
- It establishes partnerships with Europe's leading energy companies to expedite their projects based on green hydrogen and the use of renewable energies at their production centres.
Grupo Fertiberia has launched the most ambitious investment plan in its history to reduce emissions from its industrial activity to zero by 2035, as part of the Science-Based Targets initiative, and to lead the development of the European green ammonia market. This compound is obtained by replacing natural gas with hydrogen from renewable electrical energy and serves to produce plant nutrition solutions with no carbon footprint and products with a zero carbon footprint, as well as other environmental solutions to reduce emissions in the industry. Grupo Fertiberia thus becomes the first major company in the sector to commit to becoming carbon neutral in the next decade and reinforces its position in the development of high added value products.
The plan, called Net Zero, is based, firstly, on the alliances that Grupo Fertiberia has established with European leaders in the energy market so that its main production centres in Spain form part of the large consortia involved in the development of green hydrogen in the Iberian Peninsula.
These initiatives allow the company to lead the development of the fastest growing and most profitable market in the plant nutrition sector. In addition, they also reinforce the EU's energy sovereignty by replacing natural gas with indigenous and renewable energy sources.
According to the International Energy Agency, the demand for fertilisers is expected to grow annually by 40% by 2050. "The world will need more production with fewer emissions, so our company is preparing for the future of this market," stresses Javier Goñi, president of Grupo Fertiberia.
In addition, new markets are opening up for the company. Until now, ammonia was essentially used for the production of plant nutrition solutions and industrial products to reduce emissions in other industries. Now, green ammonia has also become the fuel with the greatest potential to decarbonise the shipping sector, boosting the ability of Grupo Fertiberia's products to reduce greenhouse gas emissions. "Our main industrial centres are in strategic areas for maritime traffic, which opens up a market with enormous potential."
Along with the development of new capacities in the production of green ammonia, another of the initiatives to reduce emissions to zero will be the self-consumption of renewable energy in all its facilities. On the other hand, Grupo Fertiberia has also implemented a progressive change in its raw material purchasing policy to ensure that its production does not generate emissions.
"Between 2010 and 2020 we have been able to reduce Grupo Fertiberia's greenhouse gas emissions by more than 63%. For years we have internalised the objective of permanently reducing the footprint of our activity and now we are leading a profound transformation to become the first large company in the sector that is committed to achieving the objective of 'zero emissions' before 2035," Goñi says.
All investments to decarbonise the company's operations are linked to meeting its ambitious business targets for the next decade. At the moment more than 50% of the company's revenue comes from its range of speciality products (smart, tailor-made plant nutrition solutions for each crop). Net Zero's challenge is to achieve 100% of sales from innovative and fully sustainable products.