INEOS signs renewable power deal with Eneco

INEOS signs renewable power deal with Eneco

Increases total Belgian offshore wind generation to over 200MW and reduces CO2 emissions by nearly 3 million tonnes

  • 10 year Power purchase agreement with Eneco
  • It is the largest PPA that Eneco has signed in Belgium
  • From largest Belgian offshore wind park - SeaMade Wind Park
  • 65 Megawatt (~250 GWh per annum)
  • Forms important part of the INEOS roadmap for a reduction in carbon-based energy for its facilities

INEOS has agreed a long-term Power Purchase Agreement for renewable offshore wind power in Belgium with sustainable energy producer Eneco. ​ Under the terms of the ten-year deal, which begins in 2022, INEOS will purchase 65,5-Megawatt (250 GWh per annum) of off-shore wind power from Eneco, produced at the SeaMade offshore wind park in the Belgian North Sea. ​

This significant deal will take ca. 13.5% of SeaMade’s renewable electricity. It will reduce the carbon footprint of INEOS by a further 940,000 tonnes of CO2 over the length of the contract, which is the equivalent of taking 70,000 cars off the road each year. ​

The renewable electricity from this agreement will be used to support INEOS Olefins and Polymers, INOVYN and Styrolution businesses, allowing the latter to switch its German assets to green power from January 2022 onwards.

This is the third renewable power deal agreed by INEOS as part of our road map to reduce greenhouse gas emissions from across its operations, as the company continues to supply essential products that people increasingly need across medical, food, transport and construction.

Combined with previously announced deals, the agreement with Eneco increases the INEOS commitment to Belgian offshore renewable wind to 205 MW (~750 GWh per annum). Together this reduces the carbon footprint of its operations by nearly 3 million tons of CO2 over the life of the contracts; the equivalent of taking more than 230,000 cars off the road, in total, each year. ​

David Thompson, CEO INEOS Trading said: "This agreement with Eneco represents an important step in achieving our long-term sustainability goals. ​ ​ Combined with our previous deals this reflects a significant commitment across 3 different Belgium offshore wind parks and underpins our commitment to reducing our carbon footprint.
Developing sustainable power supplies together with our customers is a central pillar in our One Planet strategy to become a net zero company by 2035", said Kees-Jan Rameau, Chief Strategic Growth Officer and Board Member of Eneco. "INEOS also wants to contribute to a net zero economy and is therefore taking concrete actions to reduce their climate footprint. With our collaboration we can contribute to making INEOS operations run on renewable energy sources and at the same time accelerate the energy transition.”

 

Press Contacts

INEOS

Richard Longden (INEOS Group) ​ +41 (0) 7996 26123

Nathalie Meert (INEOS Belgium) +32 (0) 491 35 91 67

Andrew McLachlan (Media Zoo) ​ +44 (0) 7931 377162

Alex Williams (Media Zoo) ​ ​ +44 (0) 7793 207325

ENECO

Belgium:

Mark Van Hamme [email protected]

+32 (0) 473 468 499

Outside Belgium:

[email protected]

+31 (0) 6 – 11 418016

 

Note To Editors

About INEOS

https://www.ineos.com/ ​ 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 194 sites in 26 countries throughout the world employing more than 26,000 people. 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, Jemeppe and Neder-Over-Heembeek. Today, INEOS has 2,500 employees in the region. Belgium | INEOS

About ENECO

https://www.eneco.com/ Eneco consists of a group of companies active internationally The Netherlands, Belgium, UK and Germany) in the field of renewable energy and innovation. Together with our customers, partners and almost 2,800 employees, we work on our mission: sustainable energy for all. We invest in wind farms, biomass plants, heat and solar parks to increase the supply of renewable energy. And we develop innovative products and services so that our customers can control how to generate, store, use or share energy. www.eneco.com

About SeaMade

SeaMade is a combination of two offshore wind projects, formerly known as Mermaid (235 MW) and Seastar (252 MW). The SeaMade projects are located 40-50 km off the coast of Ostend (Belgium). Eneco Wind Belgium has a 12.5% stake in the project. Other shareholders are ENGIE Electrabel (17.5%) and Otary RS NV, in which several parties are united (70%).

https://www.eneco.com/what-we-do/sustainable-sources/seamade-wind-farm/

 

 

 

About INEOS Belgium

About INEOS (https://www.ineos.com/)

A global manufacturer, INEOS operates 194 sites across 29 countries, generates $61 billion annually and employs over 26,000 people. Complementing our core business, INEOS is making an impact across a range of elite sports and becoming increasingly known to consumers, with the launch of the Grenadier (our uncompromising 4x4) and INEOS Hygienics. 

INEOS' business produces the raw materials and energy used for everyday life. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. For example, preservation of food and clean water; construction of wind turbines, solar panels, and other renewable technologies; for construction of lighter and more fuel-efficient vehicles and aircraft; for medical devices and applications; for clothing and apparel; and for insulation and other industrial and home applications.  

INEOS businesses have put in place the plans and actions needed to ensure that they lead the transition to a net zero economy by no later than 2050, whilst remaining profitable, and staying ahead of evolving regulations and legislation. As part of its greenhouse gas emission reduction strategy, there is widespread goal to move to a more circular economy, in which materials are re-used to their maximum extent.  

About Project ONE

Project ONE is an investment by INEOS in the Antwerp chemical sector for the construction of an ethane cracker. The multi-billion euro investment is the largest in European chemistry in more than 20 years. The advanced plant will produce ethylene, one of the most widely used base chemicals worldwide and an essential building block for a wide range of products, including medical applications, textiles, computer and smartphone casings, household appliances, food packaging and cosmetics. Ethylene is also used in lightweight parts for cars and wind turbines, insulation materials for the construction industry and pipes for transporting drinking water.

Project ONE will set the standard for the chemical industry in Europe by employing the best available techniques. In particular, it will break new ground in terms of energy efficiency and will have a carbon footprint that is less than half of the top 10% steam crackers in Europe.

The target year for operation is 2026 as construction will take approximately 4 years. The investment will create 450 direct jobs and thousands of indirect jobs.

More information on : https://project-one.ineos.com


INEOS Belgium
Scheldelaan 482
Haven 647
2040 Antwerpen-Lillo