INEOS & Hydrogen
INEOS is in a unique position to lead the transition to a hydrogen-powered economy. It knows how to make it, capture it, store it and transport it, and it is knowledge gained over many, many years.
INEOS & Hydrogen
Runcorn HyNet Project
One of INEOS’ businesses is at the heart of an industry-led and inspired project that has the power to play a leading role in the world’s fight against climate change.
INOVYN is part of a consortium who want to create the UK’s first hydrogen network of 350km of new pipes, so that hydrogen can be produced, safely stored and then distributed to where it’s needed.
INOVYN’s job will to develop the first, large-scale underground facility to store vast quantities of hydrogen so that the network can cope with changes in supply and demand.
The combination of low-carbon technologies, combined with carbon capture and storage – could help to reduce CO2 emissions by 10 million tons every year by 2030.
That’s the equivalent of taking four million cars off the road or heating more than five million homes.
It is hoped that by 2025, 400,000 tonnes of CO2 will be captured from industry with a further one million tonnes of CO2 captured every year by 2030.
By 2030, the HyNet consortium also plans to be delivering 30TWh/y of low carbon hydrogen across the North West of England to industry, flexible power generation, transport and heating.
“The project is a game-changer and will provide a lasting legacy for generations to come in the North West and North Wales,” said Richard Stevenson, INOVYN’s Storage Projects Manager.
Find out more about the NyNet Project at the website: hynet.co.uk
Gathering Steam
Hydrogen has the power to change the world in ways we can only imagine. It already powers the sun, which, in turn, powers the world. But it can also power transport, businesses, even homes - and slash harmful greenhouse gas emissions.