Energy Management

Neo’s Energy Consumption

Neo’s energy consumption in 2021, segmented by source type:

Neo’s total energy consumed in 2021 is estimated at 1.2 million gigajoules.

Several of our facilities have been developing custom Energy Conservation Systems. Our Korat, Thailand plant, introduced solar energy in 2021, with generation capacity of 295 kW. This installation can save about 10 tons of CO2 per month, which does the work of about 315 trees. Our Sillamäe, Estonia plant implemented many plans to reduce energy consumption over the past decade. In 2021, the facility installed a new compressor station that included a heat recovery system. A second system is slated to come online in 2022. The recovered waste heat is used it to warm tanks instead of purchased steam from a local power company. Overall, the Sillamäe plant obtains 78% of its energy needs from renewable sources.