British chemicals group Ineos will invest around €2 billion in green hydrogen production, a clean energy that plays a key role in decarbonizing the industrial sector. This was reported by many British media. One of the first factories will come to Belgium.
“This is the largest investment ever in Europe in electrolysis projects, with the goal of producing green hydrogen,” Ineos said.
As part of the investment, plants will be built in Norway, Germany and Belgium over the next ten years. Investments are also planned in the UK and France.
There are no further details on Belgium, but it turned out last year that Antwerp was a major competitor for the hydrogen project. By the way, the Belgian -Wouter Bleukx- is responsible for the hydrogen activity of the chemical group.
The first unit to be built for Ineos is a 20 MW hydrogen plant in Norway, powered by green energy. In Germany, Ineos plans to build a 100-megawatt hydrogen plant at its Cologne site.
“Europe is calling for more investment in green hydrogen and today’s announcement from Ineos demonstrates our intent to play a leading role in the production of this important new fuel,” said CEO Jim Ratcliffe.
Green hydrogen is produced by electrolysis of water. The electricity used for this is generated through renewable energy. Fuel is one of the best tools for making industry CO2 neutral, because it only emits water vapor and is therefore much cleaner than fossil fuels.
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