Prysmian Targets Half of Sales from Low-Carbon Products by 2022

Stephen Jewkes
Monday, May 25, 2020

Prysmian, the world's largest cable maker, pledged on Friday to raise the share of revenues from low carbon products to 50% by 2022 as part of plans to cut its carbon footprint.

The Italian company, which supplies cables for industries ranging from high voltage power transmission to offshore wind-farms, telecoms and cars, said in a statement it aimed to cut carbon emissions by 2-3% by 2022.

It said it also aims to reduce energy consumption by 3% in the time period.

"The energy transition is our core business and main driver of growth," Chief Executive Valerio Battista said in the statement.

(Reporting by Stephen Jewkes; editing by Agnieszka Flak)

Categories: Offshore Finance Energy Subsea Industry News Offshore Wind Activity Europe Subsea Cables

Related Stories

Strategic Marine Delivers More Supa Swath CTVs to Mainprize Offshore

Jumbo Orders Two Next-Gen Heavy-Lift Vessels from Dajin

PALFINGER to Supply Cranes for North Sea HVDC Platforms

Current News

NOPSEMA Releases Australia’s Offshore Energy Industry Performance Report

TGS Awarded Large 4D Streamer Contract Offshore Angola

CNOOC Starts Full Production at Bohai's Kenli Oilfield

Amplitude Energy Takes Stake in Artisan Gas Field

Subscribe for OE Digital E‑News