Baxter is investing $30 million in energy cogeneration systems for its facilities on the island

PHARMACY Baxter announced Thursday that it has acquired three natural gas cogeneration systems for its plants in Aibonite, Jayuya and soon Guayama at a cost of $30 million.

The funds come from the company’s private equity and include incentives from Economic Development and Trade (DDEC).

Engineer Shelly Cruz, head of the Baxter Solutions Cluster, said the investment is in line with the “(Pharmaceutical companies) aim to achieve carbon neutrality in direct operations.”

“Our approach to corporate social responsibility is based on creating a more sustainable and responsible business model with healthcare innovation. “We are proud to have completed the implementation of new energy cogeneration systems at our production facilities in Aibonite and Jayuya and soon in Guayama,” he stated.

According to Governor Pedro Pierluisi, who attended a press conference held at the pharmaceutical company’s facilities in Aibonite, the incentives awarded to Baxter are part of the Energy Efficiency and Reliability Program under the Economic Incentives Fund.

The first executive pointed out that the program supports the island’s industrial sector “to have the resilience it needs to continue to operate in the event of an emergency, while producing electricity with a lower impact on our environment”.

The incentive program provides assistance for machinery, equipment, infrastructure improvements, job creation and retention, and strategic projects. Based on the extent of improvements at the three Baxter plants, DDEC supports the development of these cogeneration projects.

“The investment Baxter is making in its facilities reflects its continued commitment to Puerto Rico as the headquarters for its medical device manufacturing operations and its commitment to our economic development, our energy transition and our environment,” Pierluisi said. .

The Secretary of DDEC emphasized that this type of project is very necessary and is part of the PRopósito strategic framework.

“The Energy Efficiency and Reliability Program is an integral part of DDEC’s strategy to create the foundations for a sustainable economy and supports initiatives that strengthen the functioning of companies and contribute to the retention and creation of direct and indirect jobs. Alternative sources are undoubtedly a necessity for companies to continue to operate continuously and to be at par with the demands and competitiveness of the market,” he said.

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