INEOS invest in three sustainable energy producers that will drastically cut CO2 emissions
of clean energy secured over next ten years
3 million tonnes CO2 reduction equivalent of taking more than 230,000 cars off the road each year
ELECTRICITY, generated by the wind, is now being used to help run three of INEOS’ businesses. INEOS Olefins & Polymers, Styrolution and INEOS-owned INOVYN are all now using the renewable electricity, where they can, instead of fossil fuels. All this has been made possible by INEOS’ decision to invest in three sustainable energy producers.
“The latest deal is with Eneco and increases INEOS' total Belgian offshore wind generation to over 200MW and reduces CO2 emissions by nearly 3 million tonnes,” said David Thompson, CEO of INEOS Trading.
“That’s the equivalent of taking more than 230,000 cars off the road, in total, each year.”
The 10-year deal with Eneco follows similar power purchase agreements with Engie and RWE.
Eneco is now supplying INEOS with electricity generated in the North Sea at SeaMade, the biggest offshore wind farm in Belgium.
“INEOS is a partner that can truly make a difference, so I am proud that Eneco has the opportunity to contribute to this.
“Together we will be able to lower CO2 emissions significantly with the use of the sustainable energy generated at the SeaMade wind farm.”
It is the largest power purchase agreement that Eneco has ever signed in Belgium – and utilises about 13% of the electricity it generates at SeaMade.
David said all three deals showed that INEOS was committed to reduce greenhouse gas emissions from across its operations without damaging its ability to continue supplying the world with chemicals essential for modern life.
"This agreement with Eneco represents another important step in achieving our long-term sustainability goals and underpins our commitment to reducing our carbon footprint,” he said.