10:34 AM EDT, 06/18/2024 (MT Newswires) -- O-I Glass ( OI ) said Tuesday it plans to invest about $65 million into the electrification and decarbonization of its plant in Veauche, France.

The company said one of its two furnaces will be renovated and fitted with hybrid-flex technology.

The project will give the company the flexibility to replace up to 70% of fossil-fuel-based energy with electricity, O-I Glass ( OI ) said.

Alongside the development of the hybrid furnace, O-I said it also intends to install a carbon-lowering heat recovery system in the plant, which annually manufactures around 300 million bottles.

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