Spotlight on the role of hydrogen in achieving net zero
INEOS has made a firm commitment to reduce emissions by 33% by 2030. However, we won’t stop there. INEOS is developing many other capabilities that O&P Europe will be able to use to achieve net zero by 2050.
These developments include green hydrogen, a game-changing energy source that can be used as both a raw material for industrial production and as a fuel for transportation and homes. As green hydrogen is produced using renewable power, it provides a zero carbon fuel source that will make a significant contribution to the fight against climate change.
At INEOS O&P Europe, we have already achieved a lot. In 2022, we:
- won support for a feasibility study into the construction of a 100-megawatt water electrolysis plant designed to produce green hydrogen at the INEOS Köln site - with the potential to reduce emissions by over 100,000 tonnes per year. More
- were the first industrial player to sign an agreement with Fluxys to participate in the feasibility study for the development of an open access hydrogen network in the Port of Antwerp. Designed to integrate new technologies as they mature, the future Project One facility could take around 100,000 tonnes of hydrogen off the grid as part of its path to net zero. More
- progressed plans to design a world scale 'blue hydrogen' production plant and associated infrastructure at the INEOS site in Grangemouth, UK. Blue hydrogen is made from a process called methane reforming where the CO2 produced in the process is captured and stored (CCS). This project is underpinned by access to the Scottish Cluster, which enables the CO2 produced to be sent offshore for storage using existing gas infrastructure. More