MEGlobal Canada announced on Friday that it has entered into a 10-year agreement with Edmonton-based Capital Power to purchase a significant share of renewable energy from Capital Power’s Whitla Wind facility.
The agreement will see Capital Power provide MEGlobal Canada with 126 megawatts of renewable energy and is expected to meet the power needs at MEGlobal’s Canadian manufacturing facilities. The agreement will start on April 1, 2022.
MEGlobal has three operational sites in Alberta, located in Fort Saskatchewan and Lacombe County. These facilities produce ethylene glycol that is used to make essential products such as clothing, coolants and construction materials. The company is a subsidiary of EQUATE Petrochemical Company K.S.C.C. (EQUATE) and part of the EQUATE Group.
“Purchasing energy from renewable resources such as wind makes good sense for our company and the environment,” said Naser Aldousari, CEO of EQUATE. “This agreement exemplifies EQUATE’s dedication to delivering responsible product growth that meets the needs of the present without compromising the ability of future generations to meet their needs.”
Chris Kopecky, Senior Vice President and Chief Legal, Development and Commercial Officer at Capital Power said “We’re excited to provide MEGlobal with renewable power for their operations in Alberta. As we work to power a sustainable future for people and planet, we’re committed to developing customized solutions that empower our partners to capitalize on the benefits of clean energy.”
“Combined with our other renewable energy agreements, the additional phases of our Whitla Wind facility, representing a total of 151 MW of capacity, are now fully contracted for 100 per cent of the energy generated and approximately 86 per cent of the environmental attributes for 10 years,” added Kopecky.
The carbon displacement from the agreement is estimated to be 2.119 MTCO2e. This is the equivalent of taking more than 461,000 cars off the road for a year, recycling over 90 million bags of waste instead of dumping in landfills, or the amount of greenhouse gases sequestered by 35,000,000 tree seedlings grown for 10 years.2