Leading tobacco firm PMFTC launches solar power plant in Batangas
The joint venture between global tobacco giant Philip Morris International Inc. and taipan Lucio Tan?s Fortune Tobacco Corp. has installed a 2.5 megawatt solar power plant within its 25-hectare manufacturing site in Tanauan City, Batangas.
Located at the First Philippine Industrial Park (FPIP), the $3.1 million facility which will converted to electricity using photovoltaic modules, is in partnership with MSpectrum, an affiliate of power utility giant Manila Electric Co.
The solar energy plant is PMI?s largest, more than doubling the cigarette firm?s current solar power production.
With this new facility, PMFTC has become the third affiliate of Philip Morris International (PMI) in Asia to have its own solar power plant, next to Pakistan and Indonesia.
PMFTC External Affairs Director Varinia Elero-Tinga said with the project, the company hopes to contribute to the Philippine government?s commitment to reduce carbon emissions by 70 percent by 2030.
?The new solar energy project also hopes to achieve PMI?s target of at least 40 percent reduction in its carbon footprint across its whole value chain by 2030. With the Batangas factory now partially powered by solar energy, the initiative is expected to reduce more than 2,000 tons of carbon dioxide annually,? said PMFTC operations director Joao Brigido.
Since the inauguration of the Batangas factory in 2003, PMI has grown its investments in the Philippines to include the renovation and rehabilitation of PMFTC?s plant in Marikina, the establishment of a PMI regional leaf warehouse in Subic and the construction of a leaf facility and buying station in Claveria, Misamis Oriental.
PMI manufactures six of the world’s top international 15 brands, spanning more than 180 markets.