background image

Ferrari and Philip Morris to collaborate to cut carbon footprint

author image

By illuminem briefings 🌎

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on Reuters or enjoy below:

🗞️ Driving the news: Ferrari announced a collaboration with Philip Morris International (PMI) to study ways to reduce the carbon footprint of their factories in Italy's Emilia-Romagna region
• This initiative, named Ferrari E-Lab, focuses on industrial electrification, particularly in renewable energy generation, storage, and transformation

🔭 The context: The companies have previously announced various sustainability initiatives, with Ferrari developing its first fully-electric car and aiming to be carbon-neutral by 2030
• Meanwhile, PMI is also exploring industrial electrification's potential in its strategy

🌍 Why it matters for the planet: This collaboration represents a significant effort by two major companies to adopt sustainable practices and reduce industrial carbon emissions, contributing to global environmental conservation efforts

⏭️ What's next: A study to assess the feasibility of long-term energy storage technologies is set to be completed by September 2024, marking an important step towards practical implementation of these initiatives

💬 One quote: "Our companies will collaborate to research new technology solutions to develop and optimize the use of energy in our industrial processes," (Benedetto Vigna, Ferrari CEO)

📈 One stat: The Ferrari facility in Maranello employs almost 5,000 people, while PMI's Crespellano site has over 2,000 workers


Click for more news covering the latest on energy

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices


Related Posts


You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)