INEOS Olefins & Polymer Europe signs renewable power agreement with Skagerak Energitjenester for Norwegian plants

INEOS Olefins & Polymer Europe signs renewable power agreement with Skagerak Energitjenester for Norwegian plants

(IN BRIEF) INEOS Olefins & Polymer Europe has signed a deal with Skagerak Energitjenester to supply renewable energy to its Rafnes and Bamble plants in Norway. The plants will be provided with 100% green power generated from hydroelectric production, reducing the carbon footprint of its production of low-density polyethylene (LDPE) by up to 30%. All of INEOS’ assets in the region will now be supplied with renewable energy. The move is part of INEOS O&P Europe’s plan to reduce greenhouse gas emissions by 33% by 2030, and the company has already invested €4bn ($4.8bn) in building a new ethane cracker to help reach its goal.

(PRESS RELEASE) LONDON, 28-Apr-2023 — /EuropaWire/ — INEOS Olefins & Polymer Europe has signed a renewable power agreement with Skagerak Energitjenester to provide 100% green energy to its Rafnes and Bamble plants in Norway.

Combined with the recently announced INEOS Inovyn deal in Norway, all of INEOS’ assets in the region are now supplied with 100% green power generated from hydroelectric production.

The Rafnes cracker produces ethylene for a wide variety of applications, including the production of low-density polyethylene (LDPE) at the adjacent Bamble site.

These LDPE grades are used to produce essential products such as beverage cartons, medical bottles and food packaging seals. By using renewable power, INEOS can reduce the product carbon footprint of a typical LDPE grade by up to 30%.

Skagerak Energitjenester CEO, Thomas Peter Jebsen, says, “We are proud that INEOS Rafnes and Bamble have chosen us as their long-term power supplier of 100% green power. With our joint focus on renewable energy, we want to support INEOS in reaching its renewable energy targets and the wider green transition of Norwegian industry”.

This is the latest renewable power deal agreed by INEOS O&P Europe as part of its plan to reduce greenhouse gas emissions. INEOS is also investing €4 billion building a new ethane cracker, due to startup in 2026 that will have CO2 emissions of less than 50% of any existing European cracker.

Rob Ingram, INEOS O&P Europe North CEO, adds, “We are pleased to announce this deal with Skagerak Energitjenester. It marks another important milestone on our way to reducing our overall emissions by 33% by 2030. It also shows our continuing focus on developing practical solutions to help our customers deliver on their own commitments to a more sustainable future”.

More on the INEOS Olefins & Polymers Europe sustainability agenda

Notes to Editors:

More of the action INEOS O&P Europe is taking to create a more sustainable future:

• Investing €4 billion building Project One, the most environmentally sustainable cracker in Europe and largest investment in the European chemical sector in a generation
• Conducting a feasibility study into the construction of a 100-megawatt water electrolysis plant for producing green hydrogen at our site in Cologne, which could cut CO2 by more than 100,000
  tonnes per year
• The Recycl-IN polymer range, which compounds post-consumer recycled plastic with new highly engineered virgin polymers to meet the demand for recycled products that meet high-performance specifications
• Signing an agreement with Plastic Energy to produce 100,000 tonnes per annum of recycled raw materials from plastic waste, the largest use of the technology on the market
• Recycling investments that will drive up recycling levels and produce food grade certified recycled content

This is just a small sample of the action being taken across INEOS to deliver net zero emissions and develop a circular economy in which valuable materials stay in use. Go to https://www.ineos.com/sustainability/ for more.

Media Contacts:

Richard Longden
INEOS
+41 799 626 123

Andrew McLachlan
Media Zoo
+44 07931 377162

Alex Williams
Media Zoo
+44 07793 207325

SOURCE: INEOS Group