O-I Glass Plans Technology & Sustainability Transformation of its Alloa, UK Plant

Core Insights - O-I Glass plans to invest approximately $150 million over the next two years to upgrade its Alloa manufacturing plant, focusing on sustainability and technological advancements [1][5][10] - The transformation includes rebuilding an existing furnace with state-of-the-art technology aimed at reducing CO2 emissions and increasing the use of renewable energy and recycled glass [1][6][10] - The company aims to reduce CO2 emissions by 25% by 2030 as part of its sustainability roadmap [6] Investment and Technological Advancements - The investment will support the construction of a new furnace that enhances long-term flexibility and sustainability efforts, particularly in the Spirits segment [10] - O-I is partnering with a supplier to establish an oxygen farm adjacent to the Alloa plant, which will separate air into oxygen, nitrogen, and argon, benefiting local manufacturing and healthcare [11] Company Background and Market Position - O-I Glass is a leading producer of glass bottles and jars globally, with net sales of $6.9 billion in 2022 [2] - The Alloa plant has a long heritage dating back to 1750 and is being transformed into a modern facility while maintaining its historical significance [2][5]