Antwerp (Project One)

Project ONE

INEOS is also investing in the necessary industrial infrastructure that will enable the immediate integration of hydrogen into the entire value chain and support the decarbonisation of European industry.

At the heart of this decarbonisation strategy is Project ONE.

Project ONE is a €3 billion landmark investment in Europe’s zero-carbon industrial strategy.

Project ONE will be Europe’s most environmentally friendly steam cracker, built on technology that has been specifically designed to run on green hydrogen and therefore has the facility to be carbon zero immediately. Project ONE will use green hydrogen as feedstock at the earliest point that sufficient supply is available and will use blue, low carbon hydrogen in the meantime.

Project ONE is the most significant investment in the European chemicals industry in the last 20 years. It heralds a new era for the European manufacturing sector, supporting the global competitiveness of European industry and European strategic autonomy. It will also support the wider economy of the Antwerp region, attracting additional green investments, creating 300 permanent, high-quality, skilled ‘green’ jobs’ each of which will create five or more in other companies in the Antwerp region.

Project ONE marks a huge advancement in European industry’s contribution to the net zero agenda, using the best of contemporary technology, making it possible to feed crackers and steam boulders entirely with hydrogen.

Thanks to highly advanced technologies, Project ONE will be one of the most energy-efficient and raw materials efficient olefin complexes in Europe. We’ll raise the bar for our peers.

Learn more about Project ONE

Our hydrogen investment in Antwerp

INEOS is at the heart of many of the CO2 emission reductions being made in and around the Port of Antwerp to continue to meet net zero by 2050.

As part of a pilot project by INEOS and ENGIE, hydrogen is used in a commercial scale cogeneration plant designed to generate electricity and heat from natural gas. The ultimate aim of the project is to replace natural gas with hydrogen used by INEOS gas turbine. To date, 20% of the gas feed has been replaced by hydrogen.

INEOS is also a member of two consortiums, looking at additional CO2 emission reduction. One is investigating the possibility of mixing captured waste carbon dioxide with sustainably-generated hydrogen to produce methanol, a chemical widely used in everything from clothing to fuel.

If successful, an industrial-scale plant, capable of producing 8,000 tonnes of sustainable methanol a year, will be built at INEOS business INOVYN’s chemical manufacturing complex at Lillo.

Initially the methanol would be used by fuel and chemical companies in The Port of Antwerp, which handles about 235 million tonnes of international maritime freight every year. But future development could see it being used as a sustainable fuel to power marine vessels and road transport.

The second is looking into ways to capture, store and use CO2 as a way of keeping it out of the atmosphere. Earlier this year INEOS also began sourcing wind power from ENGIE and RWE to replace fossil fuels. Combined, the INEOS commitment to Belgian offshore renewable wind amounts to 140 MW (~500 GWh per annum).

Together this reduces the carbon footprint of its operations by nearly two million tonnes of CO2 over the life of the contracts - the equivalent of taking more than 160,000 cars off the road each year.