INEOS announces €2 billion investment in green hydrogen production with production facility in Belgium and elsewhere
- INEOS announces over €2 billion investment in Green Hydrogen Production This will be Europe’s largest ever investment in green hydrogen with the potential to transform zero carbon hydrogen production across Europe.
- INEOS, through its INOVYN business is already Europe’s largest existing operator of electrolysis, the critical technology necessary to produce green hydrogen for power generation, transportation, and industrial use.
- The first plants will be built in Norway, Germany and Belgium in the next 10 years with investment also planned in the UK and France.
Jim Ratcliffe, INEOS Chairman says, “Green hydrogen represents one of our best chances to create a more sustainable and low carbon world. Europe is crying out for more investment in greenhydrogen and INEOS’ announcement today shows our determination to play a leading role in this important new fuel.