INEOS Inovyn Partners with PerPetum Energy & Green4Power to Build Belgium’s Largest Solar Farm

INEOS Inovyn Partners with PerPetum Energy & Green4Power to Build Belgium’s Largest Solar Farm

(IN BRIEF) INEOS Inovyn, in collaboration with PerPetum Energy and Green4Power, is constructing one of Belgium’s largest solar farms at its Jemeppe site, with a capacity of 60MW. Scheduled to be operational by July 2024, the solar farm will exclusively supply renewable electricity to the Jemeppe production site, significantly reducing emissions by 14,000 tonnes of CO2 annually. This initiative aligns with INEOS’s strategic decarbonization roadmap, aiming to reduce CO2 emissions across its sites by over 30% by 2030 and achieve Net Zero by 2050, thereby supporting the transition to a sustainable, low-carbon economy. The project underscores the importance of renewable energy access in enhancing industrial competitiveness and sustainability, particularly in the face of global economic challenges.

(PRESS RELEASE) LONDON, 20-Feb-2024 — /EuropaWire/ — INEOS Inovyn and its partners PerPetum Energy & Green4Power are installing state-of-the-art photovoltaic panels for a new solar farm, equivalent to the size of 56 football pitches. Work is progressing rapidly, and the installation will be online in July 2024, when it will supply power exclusively to the Jemeppe production site, which employs over 540 people.

The Jemeppe project will provide 60MW of renewable electricity and reduce emissions by 14,000 tonnes of CO2 annually, helping diversify energy sources. This is part of INEOS’s strategic decarbonization roadmap to reduce CO2 emission across sites by more than 30% by 2030 and Net Zero by 2050, enabling INEOS Inovyn to provide customers with low carbon products that support the transition to a Net Zero economy.

Philippe Taranti, INEOS Inovyn Director at the Jemeppe site said, ‘I am proud of the industry leadership we are showing. INEOS products play a vital role across modern life and this new solar farm gives us competitive access to local renewable energy.’

PerPetum Energy is responsible for the project build, commissioning and maintenance on behalf of Green4Power, which finances and owns the solar farm. Under a power purchase agreement INEOS Inovyn will acquire all green electricity produced from Jemeppe-sur-Sambre over the next 15 years.

Luc Leenknegt, CEO and founder of PerPetum Energy said, ‘We are proud to contribute to INEOS Inovyn’s environmental objectives. This project is totally in line with PerPetum Energy’s mission: to help industrial companies and large consumers to reduce the carbon footprint of their consumption as much as possible, by offering them an optimised mix of multi-technology solutions such as photovoltaics, wind power and energy storage.’

European plastics face a competitiveness gap with the US and China, driven by higher energy costs, less access to raw material and a challenging regulatory landscape. Measures are needed to safeguard the competitiveness of our industry and avoid Europe becoming dependent on imports from abroad. Support schemes that provide access to renewable energy are critical to a sustainable future.

Note to Editors

About INEOS Inovyn

INEOS Inovyn is Europe’s leading producer of vinyls and in the top three worldwide. With an annual turnover of €5.1 billion, INEOS Inovyn has circa 4,300 employees and manufacturing, sales and marketing operations in 8 countries across Europe.

INEOS Inovyn’s portfolio consists of an extensive range of class-leading products arranged across General Purpose Vinyls; Specialty Vinyls; Organic Chlorine Derivatives; Chlor-Alkali; Hydrogen and Performance Chemicals. INEOS Inovyn’s annual commercial production volume is circa 10 million tonnes.

www.inovyn.com

About INEOS

A global manufacturer, INEOS operates 194 sites across 29 countries, generates $61 billion annually and employs over 26,000 people. Complementing our core business, INEOS is making an impact across a range of elite sports and becoming increasingly known to consumers, with the launch of the Grenadier (our uncompromising 4×4) and INEOS Hygienics.

INEOS’ business produces the raw materials and energy used for everyday life. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. For example, preservation of food and clean water; construction of wind turbines, solar panels, and other renewable technologies; for construction of lighter and more fuel-efficient vehicles and aircraft; for medical devices and applications; for clothing and apparel; and for insulation and other industrial and home applications.

INEOS businesses have put in place the plans and actions needed to ensure that they lead the transition to a net zero economy by no later than 2050, whilst remaining profitable, and staying ahead of evolving regulations and legislation. As part of its greenhouse gas emission reduction strategy, there is widespread goal to move to a more circular economy, in which materials are re-used to their maximum extent.

www.ineos.com

About PerPetum Energy 

PerPetum Energy is a Belgian family company founded 17 years ago and headquartered in Gent.

PerPetum Energy covers the development, construction, financing, and maintenance of projects aimed at decarbonizing large consumers through an optimized combination of solutions, including photovoltaics, wind power, energy storage, etc.

They offer turnkey sustainable development solutions for industrial companies, infrastructure managers and public bodies. PerPetum has numerous references in the design, building and maintenance of photovoltaic parks. It is mainly active in the Benelux and France.

www.PerPetumenergy.com

About Green4Power

Green4Power is an investment vehicle 100% dedicated to financing renewable energy projects. Owned 70% by PerPetum Energy and 30% by the financial holding company SOCOFE (a tool for Walloon local authorities to invest in environmental transition), it has already contributed to the realization of several projects in Wallonia totaling an annual production capacity of more than 125 GWh of green electricity. Its head office is in Liège (Belgium).

https://www.perpetumenergy.com/socofe-et-green4power-ou-un-nouveau-partenariat-public-prive/

Media Contacts:

Paul Tuohy
+44(0) 7766 990756
paul.tuohy@ineos.com

Nathalie Meert
+ 32 491 35 91 67
nathalie.meert@ineos.com

Muriel Vanschoelandt
+ 32 475 75 31 90
muriel.vanschoelandt@ineos.com

SOURCE: INEOS