INEOS inks offshore wind power deal with ENGIE: INEOS and Engie have struck a 10-year wind power purchase agreement (PPA) for heavy industry in Belgium.
The equivalent of taking 100,000 cars off the road each year, the 84MW deal is expected to reduce INEOS’ carbon footprint by around 1.1 million tonnes of CO2 emissions.
It is claimed to be Belgium’s largest-ever industrial wind power purchase deal.
The 370MW Norther offshore wind farm in the North Sea, will supply the renewable power for ENGIE starting from January 2021.
Project ONE – the company’s investment in two chemical plants for the production of ethylene and propylene in Antwerp announced last year will be supplied, but in the first instance it will be used by existing INEOS production sites.
CEO INEOS Project ONE, John McNally 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.”
INEOS inks offshore wind power deal with ENGIE