O-I Glass to Lower Emission With Linde's Innovative Technology

Collaboration with Linde - O-I Glass, Inc. has partnered with Linde plc to implement the OPTIMELTTM Thermochemical Regenerator technology at its Holzminden plant in Germany, aimed at enhancing efficiency and reducing emissions [1][2] - The OPTIMELTTM TCR technology can reduce fuel consumption in the melting process by approximately 30% and is adaptable to various fuels, including low-carbon hydrogen [2][5] - Linde will also install a Centrifugal VITRON Vacuum Pressure Swing Adsorption plant to produce oxygen for the furnace, improving power efficiency and lowering the environmental footprint [4][5] Financial Performance - O-I Glass reported a fourth-quarter 2024 adjusted loss per share of 5 cents, which was better than the Zacks Consensus Estimate of a loss of 11 cents, but down from earnings of 12 cents in the same quarter last year [6] - Revenues for the quarter were $1.53 billion, a decrease of 6.8% year-over-year, missing the Zacks Consensus Estimate of $1.61 billion, with flat sales volume in tons [7] Stock Performance - O-I Glass shares have declined by 23.6% over the past year, compared to a 21.8% decline in the industry [8]