SEE Invests in Renewable Energy

August 23, 2022 07:00 AM Eastern Daylight Time CHARLOTTE, N.C.--(BUSINESS WIRE)--Sealed Air (NYSE: SEE) has invested $9 million in a solar farm that is now powering its Madera, California manufacturing facility. The solar panels, which sit on 11 acres of company-owned land adjacent to the facility, are expected to help reduce energy spend at this site by $1 million annually.

The 265,000 square foot plant, which manufactures BUBBLE WRAP® brand original cushioning, SEALED AIR® brand Korrvu® retention and suspension packaging, mailers, and other solutions, will have 98% of its electricity powered by the solar field.

'The installation of these solar panels contributes to SEE's overarching sustainability strategy and advances our transition to net-zero carbon emissions in our operations by 2040. Through these solar panels, we are advancing our use of renewable energy, lessening the energy intensity of operations and reducing the company's greenhouse gas emissions,' said Emile Chammas, SEE's Chief Operating Officer. 'We are on a journey to leave our world better than we find it and the completion of this project is an important milestone in the strategic investments we're making to achieve that goal.'

SEE partnered with TotalEnergies (which recently acquired SunPower Commercial and Industrial Solutions) to design and install the 3.5-megawatt ground mount solar project, which includes 8,975 solar panels, along with a 770 kW/3,080 kilowatt-hour battery storage system.

'TotalEnergies is proud to be SEE's energy transformation partner as they invest to achieve ambitious sustainability targets,' said Eric Potts, vice president of TotalEnergies Distributed Generation USA. 'Renewable energy is a business priority for both of our companies, so we are thrilled that this project will deliver long-term benefits to SEE's Madera facility while advancing global progress toward carbon neutrality.'

Over the course of the first year, the solar project will help avoid 4,982 metric tons of carbon dioxide and 72,172 metric tons of carbon dioxide over 15 years, which is equivalent to:

• Greenhouse gas emissions from more than 15,000 passenger vehicles driven for one year
• The carbon dioxide emission from annual electricity use for more than 14,000 homes
• Carbon sequestered by nearly 1,200,000 tree seedlings grown over the course of a decade

About SEE

Sealed Air (NYSE: SEE) is in business to protect, solve critical packaging challenges, and make our world better than we find it. Our automated packaging solutions promote a safer, more resilient, and less wasteful global food supply chain, enable e-commerce, and protect goods transported worldwide.

Our globally recognized brands include CRYOVAC® brand food packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand automated systems, BUBBLE WRAP® brand packaging, SEE Automation™ solutions and prismiq™ smart packaging and digital printing.

SEE's Operating Model, together with our industry-leading expertise in materials, engineering and technology, create value through more sustainable, automated, and digitally connected packaging solutions.

We are leading the packaging industry in creating a more environmentally, socially, and economically sustainable future and have pledged to design or advance 100% of our packaging materials to be recyclable or reusable by 2025, with a bolder goal to reach net-zero carbon emissions in our global operations by 2040. Our Global Impact Report highlights how we are shaping the future of the packaging industry. We are committed to a diverse workforce and caring, inclusive culture through our 2025 Diversity, Equity and Inclusion pledge.

SEE generated $5.5 billion in sales in 2021 and has approximately 16,500 employees who serve customers in 114 countries/territories. To learn more, visit sealedair.com.

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