The big focus now is on achieving net zero by 2050 and INEOS is putting its money where its mouth is.
Thanks to approval from the Province of Antwerp, it can soon start building the most environmentally-sustainable cracker in Europe – a move that will set the standard for all steam crackers.
It has also struck long-term deals with three sustainable energy producers so it can drastically cut its CO2 emissions.
It continues to collaborate with innovative companies that share its vision of a world where all plastic becomes part of the circular economy – and is never wasted.
And even though the Acorn Carbon Capture and Storage project did not win UK government funding, from the first round, INEOS is pressing ahead with its plans to build a low-carbon hydrogen production plant at Grangemouth in Scotland.
Once built, it will not only help INEOS to reduce its emissions, but it will create products that will help others to reduce their emissions and allow INEOS to play a leading role in a clean hydrogen revolution.
These are exciting times – and INEOS is in the thick of it.
INEOS enters the Liquified Natural Gas LNG market with a 1.4 million tonne per annum agreement with Sempra Infrastructure. Covered in our next edition
USA, Europe, China
The largest ethane carriers in the world join INEOS’ fleet of gas ships to transport vital raw materials to China and the rest of the world.
INEOS enters the Liquified Natural Gas LNG market with a 1.4 million tonne per annum agreement with Sempra Infrastructure.
Hydrogen production plant
World-class engineers tender for contract to design low-carbon hydrogen production plant at Grangemouth.
Recycled food packaging
INEOS joins UK collaboration to create food-grade recycled polypropylene from recycled packaging.
INEOS in Köln receives state funding for Green Hydrogen feasibility study. The new plant could cut CO2 by more than 100,000 tonnes per year.
INEOS is building a new ethane cracker that will have the lowest carbon footprint in Europe
North Sea, Belgium
INEOS signs three power purchase agreements with renewable energy producers to drastically cut its CO2 emissions in Belgium.
$70m investment leads to increase in production and reduction in CO2 emissions.