INEOS & Hydrogen
INEOS is in a unique position to lead the transition to a hydrogen-powered economy.
INEOS already produces about 400,000 tonnes of hydrogen a year.
Most of it is either used as fuel or a raw material.
Being a user and producer of hydrogen puts the company in a unique position at the heart of the hydrogen development.
It knows how to make it, capture it, store and transport it, and it is knowledge gained over many, many years.
INEOS is investing more than €2 billion into electrolysis projects to make zero carbon, green hydrogen across Europe. Its first plants will be built in Norway, Germany, Belgium with investment also planned in the UK and France.
INEOS, through its subsidiary INOVYN, is Europe’s largest existing operator of electrolysis, the critical technology which uses renewable energy to produce hydrogen for power generation, transportation, and industrial use.
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.
Over the next three years that business will be focussing on ramping up production of clean hydrogen across Europe, not only for INEOS’ own sites, but critically for other industries seeking affordable, low-carbon energy.
INEOS is to build a 20MW green hydrogen electrolyser at Rafnes in Norway. The project will supply INEOS operations and the Norwegian transport sector.
INEOS is spending over £1 billion at Grangemouth to switch all its businesses to hydrogen, capturing over one million tonnes of CO2 each year by 2030.
Its new ethane cracker in Antwerp will produce 50% lower carbon emissions than existing technology in Europe. It is designed to be powered by hydrogen when there is enough hydrogen available.
In the UK INOVYN is proposing to develop the largest hydrogen storage project in the world, capable of storing 1,300 gigawatt hours of hydrogen – more clean energy than any other facility.
It will be vastly greater than any battery storage project at a much lower comparative cost.
INEOS’ approach will not only play a key role in Europe’s Green Deal and the UK’s Hydrogen Strategy, but it will help to create an economy that is sustainable, workable, and profitable.
There will be no net zero without hydrogen. Only by massively increasing our use of clean, low carbon hydrogen, will we get to net zero by 2050.
For hydrogen to work in cars, trucks, and buses it needs three things. Vehicles with hydrogen engines, hydrogen filling stations (infrastructure) and someone to make the hydrogen.