LONDON – INEOS has signed a long-term power purchase agreement with Eneco in Belgium.
Under the terms of the 10-year deal, INEOS will purchase 65.5 MW (250 GWh per annum) of electricity from the SeaMade offshore wind park in the Belgian North Sea.
According to INEOS, this deal will take about 13.5% of SeaMade’s electricity. It is expected to reduce the company’s carbon footprint by a further 940,000 metric tons of CO2 over the length of the contract.
The electricity will be used to support INEOS Olefins and Polymers, INOVYN and Styrolution businesses, allowing the latter to switch its German assets to green power from January 2022 onwards.