Ineos Signs Largest Ever Industrial Wind Power Purchase in Belgium

The company recently signed a 10-year PPA to purchase offshore wind power from Engie's Norther wind farm. The agreement for the purchase of renewable electricity will avoid 1,150,000 tonnes of CO2 emissions and give a significant boost to the further development of the capital-intensive offshore wind market.

Renewable energy will be supplied to INEOS  from 1 January 2021. The long-term 84 MW commitment will initially be used by existing INEOS production sites and later by Project ONE, the INEOS investment in two state of the art chemical plants for the production of ethylene and propylene in Antwerp, announced last year.

John McNally, CEO INEOS Project ONE said: "This agreement is an important step for INEOS in reducing emissions from energy consumption in Belgium. Project ONE will be the most energy efficient chemical complex of its kind in Europe, using the newest technologies. Our propane dehydrogenation unit has been designed with a maximum level of electrification, which makes it possible to virtually eliminate indirect emissions by using only green electricity. In the coming months, we will continue to look at the options for further expanding the use of renewable energy."

Gerd Franken Chairman INEOS Olefins & Polymers Europe said: “This significant deal will reduce our carbon footprint in Belgium by more than one million tonnes of CO2 , the equivalent of taking 100,000 cars off the road each year, from the beginning of next year for ten years. It is the first of many environmental investments from our business as we continue to supply the products that people increasingly need across medical, food, transport and construction.