Delivering the next step towards long-term global sustainability targets Over the next two years, the company plans to invest approximately $150 million in a series of upgrades to the site. The transformation includes a rebuild of one of its existing furnaces, featuring state-of-the art technology and improved sustainability performance through several planned measures including gas-oxy combustion and increased levels of renewable energy and recycled glass. "Our vision is to be the most innovative, sustaina ...

Process innovations save more than 24,400 tons of glass and approximately13,120 tons of CO2 through lightweighting More than 100 energy reduction projects eliminated over 34,950 tons of CO2 emissions Climate strategy has driven a nearly 20 percent reduction in scope 1 & 2 emissions since 2017 base year PERRYSBURG, OHIO, June 27, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I") announced today the company has published its 2024 Sustainability Report Update, highlighting key progress toward its ...

PERRYSBURG, OHIO, June 27, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I") announced today the company has published its 2024 Sustainability Report Update, highlighting key progress toward its ambitious sustainability goals driven by innovation and transformation. The 2024 report details key O-I process innovations that have conserved more than 24,000 tons of glass and 13,000 tons of CO2 through collective lightweighting efforts. O-I reports more than 100 energy reduction projects have elimi ...

By strategically charging and discharging the battery based on grid conditions, GridBeyond's AI-powered system helps to stabilize the local electricity grid during peak periods, increases O-I's resilience against brownouts, and improves the grid's efficiency and sustainability. It allows charging during times of high renewable energy availability and discharging energy to the site at peak hours of demand. With this approach, O-I is projected to conserve up to 240 tons of CO2 emissions annually at the Alloa ...

PERRYSBURG, OH/ALLOA, UK, June 25, 2024 (GLOBE NEWSWIRE) -- - O-I Glass, Inc. ("O-I Glass" or "O-I") and GridBeyond plan to implement a groundbreaking battery storage solution at O-I's Alloa, UK facility. The innovative 8MW battery system and supporting energy management system (EMS) leverages artificial intelligence to significantly enhance energy efficiency, resilience and sustainability. By strategically charging and discharging the battery based on grid conditions, GridBeyond's AI-powered system helps t ...

O-I Glass, Inc. (OI) announced its plans to invest around $65 million in the electrification and decarbonization of its plant in Veauche, France. The move aligns with O-I Glass's sustainability efforts and its previously announced investment in plant renovations. The company intends to simultaneously implement a heat recovery system that will reduce carbon emissions in the plant. O-I Glass reported first-quarter 2024 earnings per share of 45 cents, which beat the Zacks Consensus Estimate of 36 cents. On a y ...

Company Overview - O-I Glass, Inc. is a leading global producer of glass bottles and jars, emphasizing the sustainability and recyclability of glass as a packaging material [4] - The company is headquartered in Perrysburg, Ohio, and employs approximately 23,000 people across 68 plants in 19 countries, achieving revenues of $7.1 billion in 2023 [4] Sustainability Initiatives - O-I plans to invest approximately $65 million in the electrification and decarbonization of its Veauche, France plant, which will be the first to utilize hybrid-flex technology [13] - The hybrid-flex technology allows for the replacement of up to 70% of conventional fossil-fuel-based energy with electricity, leading to a projected 43% reduction in onsite CO2 emissions compared to traditional furnaces [13][10] - The Veauche plant is expected to reduce its overall CO2 emissions by up to 35% compared to pre-2020 levels once the new investments are completed by December 2025 [11] Technological Advancements - The new hybrid furnace will feature a heat recovery system that will supply up to 94% of the plant's heating needs, enhancing energy efficiency [11] - The plant produces approximately 300 million bottles annually and leverages up to 87% recycled glass sourced locally, supporting a circular economy [15] Market Position - O-I Glass is recognized as a preferred partner for many leading food and beverage brands, focusing on innovation to meet customer needs [4] - The company aims to achieve a global target of a 25% reduction in greenhouse gas emissions by 2030 through its sustainability efforts [13]

14-month data show treatment with setrusumab resulted in a large, sustained 67% reduction in annualized fracture rate and persistent median annualized fracture rate of 0.00 (p=0.0014) Treatment resulted in continued, substantial improvements in bone mineral density (BMD) with a mean increase from baseline of 22% (p<0.0001) and a mean improvement in Z-score of +1.25 (p<0.0001) NOVATO, Calif. and LONDON, June 11, 2024 (GLOBE NEWSWIRE) -- Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) and Mereo BioPharma Group ...

O-I Glass (OI) has failed to impress investors as it has been witnessing a decline in volumes for the last eight consecutive quarters. This decline in volumes is mainly due to inventory destocking actions, weak consumer demand in a few markets and elevated macroeconomic pressure. Downward Revision Activity in Estimates: Reflecting these headwinds, the Zacks Consensus Estimate for the company's 2024 earnings has been revised 11% downward in the past 30 days. The consensus estimate for the year is currently p ...

Transformative mobile equipment brings glass recycling solutions to untapped markets Movable on a truck bed, the modular system enables full-service, closed-loop recycling programs A single system can process up to 6,000 MT in a year Perrysburg, Ohio, June 06, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I" has completed the development and testing of a transformative, low-cost mobile glass processing machine that is easily transported and deployed to clean and crush recycled glass to be used ...