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INEOS Agrees to Huge Wind Power Deal with ENGIE

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INEOS has signed the largest ever purchase contract of wind energy for heavy industry in Belgium. The 10-year agreement with energy producer ENGIE, for the purchase of renewable electricity will avoid 1,150,000 tons of CO2 emissions and give a significant boost to the further development of the offshore wind market.
INEOS Agrees to Huge Wind Power Deal with ENGIE
Courtesy of Norther Wind Farm

Renewable energy will be supplied to INEOS from the Norther offshore wind farm in the North Sea from January 1, 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 1 million tons 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.”

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