INEOS, a global manufacturer of petrochemicals, specialty chemicals and oil products, has concluded 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 give a significant boost to the further development of the capital-intensive offshore wind market.
“This agreement is an important step for INEOS in reducing emissions from energy consumption in Belgium,” says John McNally, CEO of INEOS’ Project ONE. “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.”
Renewable energy will be supplied to INEOS from the Norther offshore wind farm in the North Sea beginning in January 2021. The long-term 84 MW commitment will initially be used by existing INEOS production sites and later by Project ONE, INEOS’ investment in two chemical plants for the production of ethylene and propylene in Antwerp.
For more information about Project ONE, click here.