INEOS Signs Largest Wind PPA in Belgium with ENGIE
Global chemical company INEOS announced today that it has entered the largest ever purchase contract of wind energy for heavy industry in Belgium with energy provider ENGIE. The power purchase agreement (PPA) extends for 10 years, and will see ENGIE provide INEOS with 84 MW of energy from the Norther offshore windfarm in the North Sea, beginning January 2021.
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 in Belgium. 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.”
INEOS stated that the energy provided by the new agreement 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. The PPA will enable INEOS to avoid 1,150,000 tonnes of CO2 emissions, the equivalent of taking 100,000 cars off the road each 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.”