Novo Nordisk Says All Production Plants Will Run on Renewable Power by 2020

   By Dominic Chopping 
 

Danish insulin manufacturer Novo Nordisk A/S (NVO) said Tuesday it aims to use only electricity from renewable sources at all of its global production sites by 2020, after it recently joined a collaborative of global businesses committed to using 100% renewable electricity.

At present, the company's production sites in Denmark, Brazil and Japan use electricity from renewable sources and last month its Tianjin production site in China signed an agreement to purchase electricity from a windmill farm in Inner Mongolia. Other production sites in the US, France, Russia, Algeria and Iran will enter similar agreements in the coming years, it said.

Henrik Wulff, executive vice president and head of Novo Nordisk Product Supply, said "Switching to renewable electricity makes sense from both a climate and a cost perspective. As more companies invest in renewable electricity, the technology is likely to get even more efficient and less costly."

-Write to Dominic Chopping at [e-mail]; Twitter: @domchopping @WSJNordics

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(END) Dow Jones Newswires

November 24, 2015 04:12 ET (09:12 GMT)

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