INOVYN launches clean hydrogen project to support decarbonisation in Norway
INOVYN, a subsidiary of INEOS, plans to build a new clean hydrogen supply hub at its chemical manufacturing site in Rafnes, Norway. The development will contribute towards the decarbonisation of INEOS’s operations and the wider transport sector.
INOVYN plans to build a 20MW electrolyser to produce clean hydrogen through the electrolysis of water, powered by zero-carbon electricity. This project will lead to a minimum reduction of an estimated 22,000 tonnes of CO2 per year by reducing the carbon footprint of INEOS’s operations in Norway and serving as a hub to provide hydrogen to the Norwegian transport sector.
Geir Tuft, CEO INOVYN said:
“The EU and National Governments have clear targets towards the widespread utilisation of hydrogen across Europe by 2030. With INOVYN’s experience in electrolysis technology and our growing portfolio of hydrogen projects, using clean hydrogen to accelerate decarbonisation of energy will drive progress towards a carbon-free future.”
The proposed development will be integrated into current assets and also ties into ongoing discussions with companies to establish a network of refuelling stations in Norway to provide buses, trucks and taxis with clean hydrogen. INOVYN is targeting to produce enough additional hydrogen per day to fuel up to 400 buses or 1,600 taxis. These ambitions further the prospects for the cluster of industries in Rafnes, supported by the Norwegian Government to develop a climate positive region within 2040.
INOVYN’s parent company INEOS is involved in multiple projects across Europe to develop clean hydrogen, to replace existing carbon-based sources of energy, feedstocks and fuel in the future.
Building on further partnerships with leading organisations involved in the development of new applications, INEOS will work closely with European Governments to facilitate hydrogen’s significant role in the new Green Economy.
INOVYN will be applying for funding to realise the project in collaboration with partners supportive of increasing hydrogen in transport.
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 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; Sulphur Chemicals; Salt; and Electrochemical and Vinyls Technologies. INOVYN's annual commercial production volume is circa 10 million tonnes. www.inovyn.com
About INOVYN Rafnes
Rafnes is a multi-business site, housing both INOVYN Chlorine & VCM-plants as well as INEOS O&P’s cracker. The site supplies INEOS plants at Rønningen with Ethylene and INOVYN’s PVC plant in Porsgrunn with VCM, delivered through a pipeline in a tunnel under the Frierfjord. The site is also located 3km from the INEOS Bamble site in Rønningen industrial area.
INEOS is one of the world’s third largest chemicals company, employing around 22,000 people across 183 sites in 26 countries. It is a privately-owned company with sales in 2019 of $61bn. www.ineos.com
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