EuroWire March 2025

Corporate News

Long-term renewable energy power purchase agreement Borealis, a provider of sustainable polyolefin solutions, has signed a long-term power purchase agreement (PPA) with Aspiravi, a Belgian renewable energy producer. Aspiravi will supply Borealis with 120 GWh of renewable energy per year from 20 onshore wind turbines located across eight wind parks in Belgium, starting in 2026. This renewable energy will be used to power Borealis’s operations in Belgium, reducing the company’s Scope 2 emissions by approximately 54,100 metric tons of carbon dioxide (CO 2 ) annually. “We are delighted to partner with Aspiravi to secure a reliable and sustainable energy supply for our operations,” commented Wolfram Krenn, Borealis executive vice president base chemicals and operations. “By focusing on local energy sourcing, we are contributing to the creation of value in Belgium, fostering economic growth, and supporting sustainable development in the region. This agreement brings us closer to our goal of sourcing 100 per cent of our electricity from renewable sources by 2030 and is a testament to how we reinvent essentials for sustainable living.” “Aspiravi is proud to welcome Borealis as a partner in the energy transition through this long-term agreement,” said Aspiravi Onshore CEO Bernard Steverlynck.

Copyright: Aspiravi Group

Aspiravi onshore wind turbine

“As a pioneer in renewable energy solutions in Belgium, Aspiravi is ready to support Borealis in achieving its decarbonisation goals and sustainability ambitions. “What’s more, the energy for this project is sourced and utilised entirely within Belgium.” Borealis AG www.borealisgroup.com Aspiravi Group www.aspiravi.com Lütze Group acquired by Amphenol The international Lütze Group has been acquired by the Amphenol Corporation. The takeover includes the automation specialist Friedrich Lütze GmbH, the railway technology company Lütze Transportation GmbH and all other companies of the international Lütze Group in Europe and China. The US members of the Lütze Group – Lutze Inc and Data Guide Cable Corp – were previously acquired in July 2024. Martin Teufel, CEO of Friedrich Lütze GmbH, will retire. Dimitrios Koutrouvis, CEO of Lütze Transportation GmbH, will take over the additional responsibility for Friedrich Lütze GmbH during the transition period, under the supervision of Mr Teufel. There will be no changes for customers and business partners. Previous contacts and the company and production sites, including the headquarters in Weinstadt, Germany, will remain unchanged. The Lütze product portfolio includes industrial cables, AirStream wiring systems, interface and suppression tech- nology, current control, power supplies, field bus technology and network controlled Ethernet. With locations throughout Europe and the USA, the group is positioned to serve the European and North American markets. International distribution partners provide global product availability and service to customers. Amphenol Corp Friedrich Lütze GmbH www.amphenol.com www.luetze.com

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