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

Solstad’s Normand Valiant CSV Hooks $62M Contract with Petrobras

Spirit Energy Completes Major North Sea Decom Campaign (Video)

Deepwater FIDs Set to Drive Sub-Saharan Africa Production Growth

Current News

TDI-Brooks Completes Subsea Cable Survey Project Offshore Alaska

Astro Offshore, Oceaneering to Deliver Integrated Subsea Solutions

Astro Offshore, Oceaneering Team Up on Integrated Subsea Solutions

China's CNOOC Posts Record First-Half Profit

Subscribe for OE Digital E‑News