INEOS agrees the largest ever industrial wind power purchase contract in Belgium with ENGIE

INEOS agrees the largest ever industrial wind power purchase contract in Belgium with ENGIE

  • The 10-year deal will reduce INEOS’ carbon footprint by 1,150,000 tonnes of CO2.
  • ENGIE supplies renewable energy to INEOS from the Norther offshore windfarm in the North Sea from 1st January 2021
  • 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."   

INEOS 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 avoid 1,150,000 tonnes of CO2 emissions.
Renewable energy will be supplied to INEOS from the Norther offshore windfarm in the North Sea from 1st 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.
Philippe van Troeye, CEO ENGIE Benelux, said: "Being the largest green energy producer in Belgium, ENGIE acts to accelerate the transition towards a carbon-neutral world, supporting its clients in reaching their sustainability goals. In order to reach this ambition, ENGIE develops integrated, custom solutions to support its customers in making their own energy transition. We are proud to help INEOS meet their environmental goals, by facilitating their consumption of renewable energy. This contract also illustrates ENGIE’s strong ambition to increase renewables’ development in Belgium, as several PPAs have been signed with major companies during the last months.”

About INEOS
INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. In 20 years, the Company has grown into a global player: its production network spans 183 sites in 26 countries throughout the world.
From Zwijndrecht, where INEOS started its first activities in 1998, INEOS expanded its position in Belgium with 9 production sites and R&D centres in Antwerp, Feluy, Jemeppe and Neder-Over-Heembeek. Today, INEOS has 2,500 employees in the region. In early 2019, INEOS announced a mega investment in Antwerp: the construction of an ethane cracker and propane dehydrogenation unit for the production of ethylene and propylene. It is the largest investment in European chemistry in the last 20 years, which will create around 450 jobs.

www.ineos.com

https://project-one.ineos.com/nl/

About ENGIE
ENGIE is the Belgian market leader in sales of electricity, natural gas and energy services. As the company has decidedly chosen the path of a carbon neutral transition, it offers innovative solutions to its residential, professional and industrial customers, for a more economical and rational use of energy and greater comfort. As the largest producer of green energy, ENGIE produces electricity close to its customers, through a diversified and low carbon production park. ENGIE employs 17,000 experts in energy and energy services in Belgium.

https://www.engie.be/nl/

About Norther
Norther is the sixth project of the Belgian North Sea. The Norther wind farm, built at about 23 kilometers from the coast of Zeebrugge comprises of 44 Vestas turbines with a total capacity of 370 MW. Its shareholders are Elicio (50%), Eneco (25%) and Diamond Generating Europe (25%). The wind turbines became operational last year.

https://www.norther.be/

About INEOS Manufacturing Belgium

About Project ONE

Project ONE is an investment by INEOS in the Antwerp chemical sector for the construction of an ethane and PDH installation. With a budget of over 3 billion euros, it is the largest investment in European chemistry in more than 20 years. The plants will produce ethylene and propylene, the building blocks for essential chemical products that are part of everyday life. Indeed, ethylene and propylene are used for applications in various sectors such as automotive, construction, energy and medical. These include pipes for the transport of drinking water and gas, insulation material, textiles, solar panels, lubricants and blades for wind turbines, but also sterile packaging, MRI scanners, recyclable packaging and lightweight parts for cars.

Project ONE will set the standard for the chemical sector in Europe by using the most advanced techniques. In particular, the investment will be groundbreaking in terms of energy efficiency and will have a footprint that is only half that of existing similar installations in Europe.

INEOS already employs 2,500 people in Belgium at 9 different sites. With Project ONE, 450 jobs will be created directly, five times of which indirectly.

INEOS Manufacturing Belgium
Scheldelaan 482
Haven 647
2040 Antwerpen-Lillo