MOSCOW (MRC) -- Ineos says it has agreed on a long-term power purchase agreement for renewable offshore wind power in Belgium with RWE (Essen, Germany), said Chemweek.
Under the terms of the 10-year deal, which begins in 2021, Ineos will purchase 56 megawatts (198 gigawatt hours/year) of offshore wind power from RWE Supply &Trading, an RWE subsidiary, produced at the Northwester2 wind park in the North Sea off Belgium.
The deal will take about 25% of Northwester2’s electricity. It will reduce the carbon footprint of Ineos’s operations in Belgium by a further 745,000 metric tons of CO2 over the length of the contract, which is the equivalent of taking 65,000 cars off the road each year, Ineos says.
It is the second renewable power supply agreement by Ineos, following a deal announced in September with Engie (Paris, France). The two agreements will reduce the carbon footprint of Ineos’s operations by almost 2 million metric tons of CO2 over the life of the contracts, Ineos says.
"We will continue to look at the options for further expanding the use of renewable energy, as agreements such as this support our roadmap towards a reduction in carbon-based energy across our sites," says David Thompson, CEO of the Ineos Trading business.
As MRC informed earlier, Ineos Oxide, an Ineos subsidiary, has declared force majeure on propylene output from one of the two steam crackers at Dormagen. This declaration was not confirmed by Ineos. There are two steam crackers at Dormagen, one with a capacity of 670,000 metric tons/year and another with a capacity of 530,000 metric tons/year.
Propylene is the main feedstock for the production of polypropylene (PP).
According to MRC's ScanPlast report, PP shipments to the Russian market reached 978,870 tonnes in January-October 2020 (calculated using the formula: production minus exports plus imports minus producers' inventories as of 1 January, 2020). Supply of exclusively of PP random copolymer increased.
Ineos Group Limited is a privately owned multinational chemicals company consisting of 15 standalone business units, headquartered in Rolle, Switzerland and with its registered office in Lyndhurst, United Kingdom. It is the fourth largest chemicals company in the world measured by revenues (after BASF, Dow Chemical and LyondellBasell) and the largest privately owned company in the United Kingdom.
MRC