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INEOS is considering a EUR 2 billion hydrogen drive

Last Updated on 08th January 2024

INEOS will invest more than EUR 2 billion in electrolysis projects across Europe to produce zero-carbon, green hydrogen. The company's first plants will be developed in Norway, Germany, and Belgium, with more investment anticipated in the United Kingdom and France.


The first unit to be built will be a 20MW electrolyser in Norway that would produce clean hydrogen by electrolyzing water with zero-carbon electricity.


By decreasing the carbon footprint of INEOS' operations at Rafnes and functioning as a hub to distribute hydrogen to the Norwegian transportation industry, this initiative will result in a minimum reduction of 22,000 tonnes of CO2 per year, according to the business.


At its Koln plant in Germany, INEOS wants to develop a larger scale 100MW electrolyser to produce green hydrogen. The development will help INEOS' operations at the site decarbonize even further. The hydrogen produced by the unit will be utilized to make green ammonia.


The Koln project will result in a reduction of around 120,000 tonnes of carbon emissions per year. It will also make it possible to generate E-Fuels on a large scale through Power-to-Methanol applications.


Other projects are being developed by INEOS in Belgium, France, and the United Kingdom, and the company plans to announce new agreements with major organizations active in the development of novel hydrogen applications in the near future.


“INEOS is uniquely placed to play a leading role in developing these new opportunities, driven by emerging demand for affordable, low-carbon energy sources, combined with our existing capabilities in operating large-scale electrolysis,” commented INOVYN CEO Geir Tuft.


The INEOS hydrogen company will be headquartered in the United Kingdom, with the goal of increasing hydrogen production capacity across the INEOS network of facilities in Europe, as well as partner sites where hydrogen may help expedite energy decarbonization.


In addition, the company plans to collaborate closely with European governments to guarantee that the required infrastructure is in place to support hydrogen's important role in the emerging Green Economy.


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