INEOS
Deal for renewable power supply in US / Solar farm in Texas due online by late 2025
 Ineos plans to reduce greenhouse gas emissions across its operations (Photo: Pexels/Tom Fisk) |
Ineos Olefins & Polymers USA, part of chemicals group Ineos (London; www.ineos.com), has concluded a renewable power purchase agreement that will enable the construction of a 310-megawatt (MW) solar project in Bosque County, Texas.
The move is part of the company’s plans to reduce greenhouse gas emissions across its operations.
The Ineos Hickerson Solar Farm is to be built, owned, and operated by a subsidiary of US clean energy group NextEra Energy (Juno Beach, Florida; www.nexteraenergyresources.com). Construction is scheduled to start in Q1 2024, with commercial operation planned by December 2025. The facility is ultimately expected to produce 730,000 MW hours of clean energy annually, reducing greenhouse gas emissions by more than 320,000 t/y.
The entire output will be dedicated to Ineos O&P USA and is projected to cover the net purchased electricity load of all 14 of the group’s US manufacturing, fractionation, and storage facilities.
“Ineos O&P USA seeks to be a bellwether of what the petrochemical community can do to adopt renewable energy among its long-term energy demands,” CEO Mike Nagle said, “and this is one of many important steps being taken globally to reduce the carbon footprint of all the Ineos businesses.”
Related: Solar power for Borealis’ Schwechat site
In January 2022, Ineos signed a long-term power purchase agreement for renewable offshore wind power in Belgium with Dutch energy company Eneco (Rotterdam; www.eneco.com). The deal, which supports operations at Ineos Olefins & Polymers, Inovyn, and Ineos Styrolution, is expected to reduce the group‘s carbon footprint by 940,000 t/y of CO2 over the length of the contract.
The move is part of the company’s plans to reduce greenhouse gas emissions across its operations.
The Ineos Hickerson Solar Farm is to be built, owned, and operated by a subsidiary of US clean energy group NextEra Energy (Juno Beach, Florida; www.nexteraenergyresources.com). Construction is scheduled to start in Q1 2024, with commercial operation planned by December 2025. The facility is ultimately expected to produce 730,000 MW hours of clean energy annually, reducing greenhouse gas emissions by more than 320,000 t/y.
The entire output will be dedicated to Ineos O&P USA and is projected to cover the net purchased electricity load of all 14 of the group’s US manufacturing, fractionation, and storage facilities.
“Ineos O&P USA seeks to be a bellwether of what the petrochemical community can do to adopt renewable energy among its long-term energy demands,” CEO Mike Nagle said, “and this is one of many important steps being taken globally to reduce the carbon footprint of all the Ineos businesses.”
Related: Solar power for Borealis’ Schwechat site
In January 2022, Ineos signed a long-term power purchase agreement for renewable offshore wind power in Belgium with Dutch energy company Eneco (Rotterdam; www.eneco.com). The deal, which supports operations at Ineos Olefins & Polymers, Inovyn, and Ineos Styrolution, is expected to reduce the group‘s carbon footprint by 940,000 t/y of CO2 over the length of the contract.
04.01.2023 Plasteurope.com [251782-0]
Published on 04.01.2023