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Petrochemicals giant Ineos will invest more than $2.3 billion in green hydrogen production

Еhe 1st plants will be built in Norway, Germany and Belgium in the next 10 years with investment also planned in the UK and France

Petrochemicals giant Ineos will invest more than $2.3 billion in green hydrogen production

London, October 19 - Neftegaz.RU. UK giant Ineos has announced, that it intends to invest more than €2.3 billion in new production of green hydrogen.
This will be Europe’s largest ever investment in electrolysis projects to make green hydrogen with the potential to transform zero carbon hydrogen production across Europe.

In November 2020 Ineos launched a new business as part of INOVYN to develop and build Green Hydrogen capacity across Europe, in support of the drive towards a zero-carbon future.

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.
Jim Ratcliffe, Ineos Chairman, said:
  • 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 green hydrogen and Ineos’ announcement today shows our determination to play a leading role in this important new fuel
The 1st unit to be built will be a 20MW electrolyser to produce clean hydrogen through the electrolysis of water, powered by zero-carbon electricity in Norway.
This project will lead to a minimum reduction of an estimated 22,000 tonnes of CO2 per year by reducing the carbon footprint of Ineos’ operations at Rafnes and serving as a hub to provide hydrogen to the Norwegian transport sector.

In Germany Ineos plans to build a larger scale 100MW electrolyser to produce green hydrogen at its Koln site.
Hydrogen from the unit will be used in the production of green ammonia.
The Koln project will result in a reduction of carbon emissions of over 120,000 tonnes per year.

Ineos is developing other projects in Belgium, France and the UK and the business expects to announce further partnerships with leading organisations involved in the development of new hydrogen applications.

Source : Neftegaz.RU


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