INOVYN announces project to develop Europe’s first hydrogen powered barge for bulk liquid chemical transport

INOVYN announces project to develop Europe’s first hydrogen powered barge for bulk liquid chemical transport

INOVYN has today announced a partnership with Netherlands based VT Group (Verenigde Tankrederij) to build Europe’s first bulk liquid chemical barge powered by hydrogen. This is part of INOVYN’s ongoing strategy to develop green hydrogen and replace existing carbon-based sources of energy, feedstocks and fuel.

The hydrogen powered barge will transport vital raw materials for INOVYN between its sites at Antwerp and Jemeppe, Belgium.  The low carbon hydrogen to power the barge will be supplied by INOVYN as a co-product from its chemical manufacturing operations.

VT Group will retrofit an existing barge with hydrogen technology, replacing the gasoil combustion technology that is fitted today.  This will reduce annual CO2 emissions by an estimated 1,000 tonnes.

Wouter Bleukx, Hydrogen Business Manager for INOVYN: “This is the latest example of INOVYN driving the decarbonisation agenda as part of INEOS’s €2 billion investment programme. Hydrogen-powered transport will play a critical role in Europe’s journey to net-zero and INOVYN is perfectly positioned to drive down emissions in the transport sector as we are already a producer of low-carbon hydrogen and have significant demand for transportation.”

VT Group will own and operate the new barge on behalf of INOVYN. 

Niels Groenewold, CEO of VT Group comments: “Our strong relationship with INOVYN has always enabled us to innovate.  Being able to contribute to a net-zero operation is very valuable to us and is perfectly aligned with our company’s sustainability ambitions.”

INOVYN, through its parent company INEOS, is involved in multiple projects across Europe to develop green hydrogen and replace existing carbon-based sources of energy, feedstocks and fuel.  

The group will work closely with national and European governments to facilitate hydrogen’s significant role in the new green economy, including this project.

 

About INOVYN

​Part of INEOS, INOVYN is Europe's leading producer of vinyls and in the top three worldwide. With an annual turnover of €3.1 billion, INOVYN has circa 4,200 employees and chemical manufacturing, sales and marketing operations in 8 countries across Europe.

​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. INOVYN's annual commercial production volume is circa 10 million tonnes.

 

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


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