O-I Glass(OI) ZACKS·2025-03-31 15:20Group 1: O-I Glass' Sustainability Initiatives - O-I Glass successfully tested 100% biofuel in its Harlow, UK plant, replacing natural gas in the glass-making furnace, showcasing its commitment to innovation and sustainability [1] - This trial is part of a broader initiative led by Glass Futures in collaboration with the U.K. government's Net Zero Innovation Portfolio program, aimed at exploring sustainable fuel options for the glass industry [2] - The trial confirmed the viability of alternative fuels, achieving a significant reduction in greenhouse gas emissions during amber bottle production, utilizing a combination of biofuel and advanced technologies [3][4] Group 2: Collaboration with Linde plc - O-I Glass announced a collaboration with Linde plc to install the OPTIMELTTM Thermochemical Regenerator technology at its Holzminden, Germany plant, aimed at improving efficiency and reducing emissions [5] - The partnership will expand to include the installation of an advanced Centrifugal VITRON Vacuum Pressure Swing Adsorption plant to produce oxygen for the furnace, enhancing power efficiency and lowering environmental impact [6][7] Group 3: 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 [8] - 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 [9]