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0.000320821302534538 0 0 -0.00224574911774143 -0.00128328521013793 0.00288739172281039 0.00256657042027585 0.00417067693294832
Stock impact report

O-I Glass (OI) to Receive Fund for Decarbonization Project [Yahoo! Finance]

O-I Glass, Inc. (OI) 
Last o-i glass, inc. earnings: 4/28 04:20 pm Check Earnings Report
Company Research Source: Yahoo! Finance
for up to $125 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding as part of the Industrial Demonstrations Program for its decarbonization project. The funded project will allow O-I to demonstrate the effectiveness of merging numerous technologies across a variety of glass colors and container varieties. The company's Glass Furnace Decarbonization Technology project intends to replace four furnaces at three of its locations in California, Ohio and Virginia to minimize scope 1 carbon dioxide emissions. It expects to cut emissions by 48,000 metric tons per year, which is an average 40% reduction in scope one emissions over the four furnaces and their respective manufacturing lines. The proposed rebuilds intend to merge five cutting-edge furnace technologies on each furnace, marking the first time all five technologies have been applied concurrently. These solutions reduce waste heat and promote electrification, resulting in more energy-efficient furnaces, a Show less Read more
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