The initial three-year term contract has been extended to five years, which will cover sites in the US, Canada, Mexico, Brazil, China, and Singapore, and comes after the successful completion of a contract, inked in March 2012 for Europe and Turkey.
Based on the terms of the contract, all Sanofi’s production lines, including chemicals, pharmaceuticals, vaccines, biotechnology and animal health category, will be covered.
The company said that it has set goals to reduce its energy consumption by 20% by 2020, which will enable it to meet environmental objectives and boost competitiveness.
Sanofi CEO Christopher Viehbacher commented, "This collaboration forms part of GDF SUEZ’s approach of providing innovative, energy efficient and environmental solutions to its industrial partners that are both effective and sustainable."
Since 2012, five projects in France, Italy and Germany have been started by both companies, which cover the installation of cogeneration or trigeneration gas turbines, and the construction of biomass boilers to improve the energy and environmental performance of these industrial sites.
During 2013, the co-investment related to these projects was €30m, while it is expected that the total co-investments could reach up to €80m, under the existing framework of the expanded collaboration.