A NET zero economy by 2050 will be impossible without hydrogen. That’s why INEOS is planning significant investment to help develop a world run on hydrogen, a gas which produces zero emissions when burned as a fuel. Its hydrogen business has just one aim: to cut CO2 emissions.
That business is now building the first, large-scale green hydrogen plant in Rafnes, Norway.
“Green hydrogen represents one of our best chances to create a more sustainable and low carbon world,” said INEOS Chairman Sir Jim Ratcliffe.
“Europe is crying out for more investment in green hydrogen and we are determined to play a leading role in this important new fuel.”
The Norwegian plant will help to support the country’s drive to save more greenhouse gases than it generates by 2040.
Plants could also be built in Germany and Belgium, with further investment planned in the UK and France.
Sean Keach is a British journalist who specialises in technology and science.
“INEOS has a firm deadline, and bold plans to remain commercially viable while vastly minimising its harm to the planet,” he said.
“That’s no small feat for a company specialising in energy and petrochemicals. But the good news is that it looks like INEOS can do the job.”