LyondellBasell, a Houston-based plastics, chemicals and refining company, announced this week the signing of its first two power purchase agreements (PPAs) in the United States, with the goal of procuring at least 50% of its electricity from renewable sources by 2030.
The combined agreements total 216 MW of renewable energy, which is expected to provide roughly 628,000 MWh of clean electricity each year.
LyondellBasell aims to achieve net zero in its Scope 1 and 2 greenhouse gas emissions by 2050. Electricity usage currently accounts for approximately 15% of the company’s total Scope 1 and 2 greenhouse gas emissions, and the agreements will allow it to reduce its carbon dioxide emissions by approximately 225,000 metric tonnes per year.
