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INEOS and ENGIE ink power agreement

By: Tom Russell 22/09/2020 INEOS

General Windfarms

INEOS has concluded a 10-year purchase agreement for offshore wind energy with ENGIE. Renewable energy will be supplied to INEOS from the Norther offshore wind farm in the North Sea from 1st January 2021.

The long-term 84 MW commitment will initially be used by existing INEOS production sites and later by Project ONE, the INEOS investment in two state of the art chemical plants for the production of ethylene and propylene in Antwerp, announced last year.

John McNally, CEO at INEOS Project ONE, said: "This agreement is an important step for INEOS in reducing emissions from energy consumption in Belgium. Project ONE will be the most energy efficient chemical complex of its kind in Europe, using the newest technologies. Our propane dehydrogenation unit has been designed with a maximum level of electrification, which makes it possible to virtually eliminate indirect emissions by using only green electricity. In the coming months, we will continue to look at the options for further expanding the use of renewable energy."

Gerd Franken, Chairman at INEOS Olefins & Polymers Europe, said: “This significant deal will reduce our carbon footprint in Belgium by more than one million tonnes of CO2 , the equivalent of taking 100,000 cars off the road each year, from the beginning of next year for ten years. It is the first of many environmental investments from our business as we continue to supply the products that people increasingly need across medical, food, transport and construction.

Philippe van Troeye, CEO at ENGIE Benelux, said: "Being the largest green energy producer in Belgium, ENGIE acts to accelerate the transition towards a carbon-neutral world, supporting its clients in reaching their sustainability goals. In order to reach this ambition, ENGIE develops integrated, custom solutions to support its customers in making their own energy transition. We are proud to help INEOS meet their environmental goals, by facilitating their consumption of renewable energy in Belgium. This contract also illustrates ENGIE’s strong ambition to increase renewables’ development in Belgium, as several PPAs have been signed with major companies during the last months.”

Norther is an offshore wind farm in the Belgian North Sea, located approximately 23 kilometres from the Belgian port of Zeebruges. It consists of 44 MHI Vestas V164-8.0 MW turbines, with a combined capacity of 370 MW, mounted on monopile foundations. It is owned by Elicio (50%), Eneco (25%) and Diamond Generating Europe (25%). The project started operations in June 2019.

For more information on offshore wind farms worldwide, click here. Alternatively, you can view projects across the globe using 4C Offshore's interactive map.

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INEOS and ENGIE ink power agreement

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