· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on Bloomberg or enjoy below:
🗞️ Driving the news: PepsiCo signed a deal with Yara International to supply lower-emission fertilizers for its European farmers
• The initial focus is on potato crops, critical for Lay's potato chips
• The agreement includes transitioning to fertilizers made from renewable ammonia or carbon-capture technology by 2030
🔭 The context: Fertilizer production significantly contributes to emissions in food supply chains
• Traditional fertilizers use natural gas, while green ammonia, an emerging alternative, is produced with renewable energy
• Companies face increasing pressure to lower their environmental impact, particularly in staple crops like potatoes and wheat
🌍 Why it matters for the planet: This deal exemplifies the push towards sustainable agriculture, reducing the carbon footprint of major food products
• The adoption of renewable ammonia and precision farming techniques can substantially lower emissions associated with fertilizer use
⏭️ What's next: By 2030, PepsiCo aims to procure up to 165,000 tons of sustainable fertilizers annually from Yara
• Yara will supply these fertilizers from its renewable hydrogen plant in Norway and a carbon-capture facility in the Netherlands
💬 One quote: “Fertilizers represent one of the biggest opportunities for PepsiCo to reduce emissions, as they significantly impact the company’s average potato carbon footprint in Europe,” PepsiCo statement
Click for more news covering the latest on carbon