AstraZeneca and renewable energy firm Future Biogas have launched a biogas plant in Gonerby Moor, Lincolnshire, to supply renewable energy for the pharmaceutical company’s UK operations.
The Moor Bioenergy plant will generate 100 gigawatt hours of biomethane annually, meeting the heating needs of more than 8,000 homes. By the end of 2024, AstraZeneca aims to power all its UK research and manufacturing facilities with clean energy, reducing its reliance on fossil fuels. The company expects the plant to offset 18,000 tonnes of CO₂ emissions per year, equivalent to 20% of its total global gas consumption.
Unlike some renewable energy projects, the plant was developed without government subsidies. AstraZeneca says the investment aligns with its broader goal of achieving 100% renewable energy across all global operations by the end of this year and reaching net-zero emissions by 2045.
AstraZeneca shares rose 0.24% to 11,910p on Thursday, reflecting a 15% increase over the past year.
