Board Converting News, April 3, 2023

Volk Packaging Installs (CONT’D FROM PAGE 1)

Volk Packaging has been committed to sustainability for several years, having already implemented various initiatives to reduce its environmental impact, including implementing a recycling program for all its products and packaging materials. MEI is a leading financier, developer, owner, and opera- tor of distributed energy projects for commercial, industri- al, and government facilities throughout the United States. MEI has built a noteworthy portfolio of 400+ MW of ‘owned and exclusive’ clean energy assets. “Multi-site energy users like Volk Packaging need seamless energy solutions that provide immediate sav- ings, budget certainty, and help accomplish ESG goals, said Cameron Bard, Executive VP at MEI. “We enjoyed working with our partner Dynamic Energy and our client Volk Packaging over the last several months to come up with a solution ideal for the environment, its shareholders, and the community of Biddeford. We are beyond excited to be a long-term partner in their journey.”

The installation of solar modules is a significant mile- stone in the Volk Packaging’s sustainability progress, demonstrating its commitment to finding innovative solu- tions to environmental challenges. “We believe that our investment in solar energy will inspire other companies in our industry to explore clean energy solutions,” said Volk. “We are proud to be a part of the clean energy revolution, and we will continue to look for ways to reduce our environmental impact and promote sustainability.” Volk Packaging Corporation is a third-generation, fam- ily-owned and operated designer and manufacturer of corrugated containers, supplying customers from all over New England and into Canada. Founded in 1967, the com- pany occupies a 141,000-square-foot facility and employs close to 100 people. In addition to its rooftop solar, Volk Packaging has also recently upgraded its scrap recycling and heat recapture systems. In 2020 alone, Volk Packag- ing recycled 588.5 tons of corrugated, the equivalent of 14,700 trees. Volk Packaging installed 2,388 solar panels on the rooftops of its warehouses in Biddeford, Maine.

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April 3, 2023

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