• INEOS Inovyn is to invest in one of Belgium’s largest solar farms, to be built next to its site in Jemeppe-sur-Sambre in Belgium
• The facility is the size of 56 football pitches and will supply 10% of INEOS Inovyn’s electricity demand at the site from 2024.
• The investment is part of INEOS Inovyn’s wider plans towards net zero 2050 and will save 14,000 tonnes of CO2 per year the equivalent of the annual consumption of 16,000 households in Belgium
INEOS Inovyn has today announced investment in HELIOS, a 90,000 panel solar farm spanning 30 hectares, to provide renewable electricity exclusively to its site at Jemeppe-sur-Sambre, Belgium.
Through an exclusive power purchase agreement, the solar farm will provide over 57,000 MWh of renewable electricity every year to the INEOS Inovyn site, from 2024. Equivalent to the size of 56 football pitches it will be one of the biggest solar farms in Belgium and ‘the’ biggest ever to be built in the Wallonia region.
HELIOS is expected to produce renewable electricity equivalent to the annual consumption of around 16,000 households in Belgium.
Julien De Meersman, Energy Manager of the INEOS Inovyn site in Jemeppe-sur-Sambre said, “HELIOS will replace around 10% of our electricity requirement at Jemeppe, saving more than 14,000 tonnes of CO2 every year."
Towards carbon neutrality
HELIOS is part of INEOS Inovyn’s plan to reduce the CO₂ emissions across all its activities by more than 30% by 2030, and net zero by 2050. The plan, which was announced in 2021, will enable INEOS Inovyn to provide its customers with low carbon products and contribute to a more sustainable economy.
“Our roadmap to net zero goes way beyond the use of renewable energy”, said Philippe Taranti, Site Director at INEOS Inovyn in Jemeppe: “We are improving our processes, electrifying our systems and replacing old equipment with much more energy-efficient alternatives. We are also involved in CCS projects which are conducting research into permanent CO₂ storage.”
As Europe’s largest operator of electrolysis which is the technology necessary for the production of green hydrogen, INEOS Inovyn has also announced ambitious plans to invest more than €2bn to produce green hydrogen at INEOS sites in Norway, Koln, Antwerp and UK.
The need for energy savings
“In 2018, energy costs accounted for around 20% of our production costs, today, it represents 40%, which puts energy savings at the top of our priority list,” said Philippe Taranti.
INEOS Inovyn is a leader in the field of chlorovinyls, a sector many industries rely upon. "Our products are used in construction and automotive sectors, but also essential in the production of wind turbines and healthcare. If we want to keep this expertise and industrial activity grounded in Europe – and in Belgium in particular – it is essential for us to keep energy costs in a competitive range.
An underground cable will directly connect the solar park to INEOS Inovyn’s internal electricity grid in Jemeppe. The site is self-sufficient in terms of energy generation, but it remains connected to the Belgian high-voltage network.
"In recent years, we have become flexible enough to serve the Belgian electricity network to manage demand through peak periods and provide flexibility to the network operator", Philippe Taranti concludes.
Note to Editors
About INEOS Inovyn
INEOS Inovyn is Europe's leading producer of vinyls and in the top three worldwide. With an annual turnover of €4.5 billion, INEOS Inovyn has circa 4,200 employees and manufacturing, sales and marketing operations in 8 countries across Europe.
INEOS Inovyn’s portfolio consists of an extensive range of class-leading products arranged across General Purpose Vinyls; Specialty Vinyls; Organic Chlorine Derivatives; Chlor Alkali; Hydrogen and Vinyls Technologies. INEOS Inovyn's annual commercial production volume is circa 10 million tonnes.
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INEOS is one of the world’s largest chemical producers and a significant player in the oil and gas market. Learn more about who we are today.
In 2023, INEOS marks 25 years since its inception.
On 5 May 1998 the first deal was signed to buy former BP site at Antwerp from INSPEC under the INEOS name, with 300 staff at a cost of £80m. Since this first deal, INEOS has completed hundreds of deals in petrochemicals, oil & gas, and energy growing to a $65bn revenue group with 36 businesses in 29 countries and 26,000 staff.
Over recent years, INEOS has expanded beyond the industrial heart with investment in consumer brands, sports and charities.
What defines INEOS is its scale, people and culture; asking the big questions to tackle global challenges -with grit, rigour and humour. And with remarkable people, achieving extraordinary outcomes.
25 years is a moment in time, to look back on what has been built and to look forward to what is to come. INEOS is ambitious and continues to look for new opportunities and go for growth. Follow the INEOS journey and see where it leads.