Power of public-private partnerships
Public-private partnerships accelerate financing, pool expertise and encourage innovation. They pave the way for a much larger impact than any of us could have individually. We know this concept can work.
One example is the Eneco bio-steam project, where AkzoNobel worked together with the Dutch government to lead a sustainable initiative to convert Eneco’s biomass plant. With joint investment by AkzoNobel, Eneco and Groningen Seaports, pipes now link Eneco’s bio-steam to AkzoNobel’s Specialty Chemicals facilities.
The converted plant delivers twice as much sustainable energy for the same amount of biomass. It increased the amount of renewable energy sourced by AkzoNobel, decreased CO2 emissions and improved the regional economy. It’s a project that has resulted in big wins for all partners.
A broad and inclusive coalition
While the bio-steam project involved only a few partners, we are thinking much bigger for HCC. As a key founder, AkzoNobel has committed to building a broad and inclusive coalition of action-oriented stakeholders. To date, more than 20 partners and 150 stakeholders, including international companies, government agencies and academic institutions, have joined.
The challenges faced by megacities are not going to be solved by a handful of people, so it’s important that we change our mindset. Public and private interests do converge. We all have something to bring to the table, and a responsibility to do so. By pooling our expertise and working together, we will make a positive impact on the world.