Polyfoam-RGC International Corporation, the maker of sought-after Uratex mattresses and foam products, has renewed its power supply agreement (PSA) with ACEN Corporation, the energy company of the Ayala group.

According to the Ayala firm, it will be supplying renewable energy-generated power capacity to the manufacturing plants of Polyfoam-RGC in Canlubang, Laguna, as well as its Alabang, Muntinlupa City and Valenzuela City factories.

This is already the third renewal of the ACEN-Ayala deal, the first was forged in 2017.

The Ayala company said that for the initial contracts only served the power needs of its two plants -- Polyfoam-RGC in Alabang and Canlubang. The Valenzuela facility is its latest addition.

“The move is seen to help Polyfoam-RGC achieve its sustainability target of decreasing its greenhouse gas emissions by 30 percent this year, and its long-term target of net zero emissions by 2030,” ACEN stressed.

Peachy Cheng-Medina, managing director of Polyfoam-RGC, said “We realize that even a carbon-intensive operation like ours can find means to make our business more environmentally-friendly through renewable energy.”

Given that shift on RE as a source of its power supply, she added “we are more committed to participating in the sustainable production of our products to benefit the people and the planet.”

Miguel de Jesus, executive director and head of commercial operations at ACEN, asserted that “through our retail electricity supply business, we provide ways for businesses to achieve their sustainability goals and have a head start on their renewable energy journey.”

He noted that the continuing patronage of Uratex on ACEN’s energy services somehow showcases the Ayala firm’s commitment “to continuously partner with them to attain our shared goals of sustainable progress spurred by the deliberate and conscious decision to go for renewable energy.”

Relative to the net zero goal or decarbonization strategy of Polyfoam-RGC, ACEN calculated that the new supply agreement will result in carbon emissions (CO2) avoidance equivalent to 22,750 metric tonnes.

Medina likewise qualified that “our contract with ACEN is effectively shielding us from market volatility that business is experiencing, and helping us achieve better profitability.”