Ineos and Eneco have agreed a 10-year power purchase agreement (PPA) for more than 65 MW from the SeaMade offshore wind farm off Belgium. The contract will begin in 2022 and will provide 250 gigawatt-hours of electricity per year.
The new deal covers around 13.5% of SeaMade's output and will save Ineos an additional 940,000 tonnes of carbon dioxide over the course of the contract. The electricity will be used to support Ineos' Olefins and Polymers, Inovyn, and Styrolution companies, allowing the latter to switch its German assets to green power beginning in January 2022.
The agreement is the business's third renewable PPA deal as part of its plan to minimize greenhouse gas emissions across all its operation. The company’s commitment to Belgian offshore renewable wind now stands at 205MW, thanks to this agreement.
“This deal with Eneco is an essential step toward reaching our long-term sustainability goals,” stated David Thompson, CEO of Ineos Trading. “When combined with our previous agreements, this represents a significant investment in three separate Belgian offshore wind parks, demonstrating our commitment to decreasing our carbon footprint.”
"Developing sustainable electricity supplies together with our customers is a crucial pillar in our One Planet vision to become a net zero company by 2035," said Eneco chief strategic growth officer Kees-Jan Rameau."Ineos, too, wants to contribute to a net-zero economy, and thus it's taking tangible steps to reduce its carbon footprint."
He added: "Through our partnership, we can help Ineos operations run on renewable energy sources while speeding up the energy transition."