Sector News

Ineos launches new clean hydrogen business

November 13, 2020
Chemical Value Chain

Ineos has launched a new clean hydrogen business to develop capacity for clean hydrogen across Europe.

Ineos already produces 300,000 t/y of hydrogen as a byproduct from chemical manufacturing operations and is involved in projects that aim to use hydrogen to replace high-carbon energy, feedstocks, and fuel. Ineos also has experience in large-scale electrolysis through its subsidiary Inovyn.

The new hydrogen business will be headquartered in the UK. Its aim is to build hydrogen capacity across Ineos sites in Europe, along with partner sites where hydrogen can be used to decarbonise energy. Ineos expects to develop new partnerships and will work closely with European governments to develop the hydrogen infrastructure needed for the green economy.

Wouter Bleukx, Business Unit Manager Hydrogen at Inovyn said “Hydrogen is an important part of a climate-neutral economy that has been discussed for decades. Finally, a hydrogen-fuelled economy is within reach as transportation in the UK, Germany, France and other countries begins to run on this carbon-free technology. With extensive experience in electrolysis, INEOS is uniquely placed to support these new opportunities, driven by emerging demand for affordable zero-carbon energy sources.”

by Amanda Doyle

Source: thechemicalengineer.com

comments closed

Related News

October 2, 2022

Trinseo announces potential closure of Boehlen, Germany Styrene Plant

Chemical Value Chain

Trinseo (NYSE: TSE), a specialty material solutions provider, announced it has initiated an information and consultation process with the Works Council of Trinseo Deutschland GmbH regarding the potential closure of its styrene monomer production site in Boehlen, Germany.

October 2, 2022

Celeste Mastin appointed H.B. Fuller President and CEO, succeeding Jim Owens upon his retirement

Chemical Value Chain

H.B. Fuller Company announced that Celeste Mastin, Executive Vice President and Chief Operating Officer, will succeed Jim Owens as H.B. Fuller’s President and Chief Executive Officer, effective December 4, 2022. Upon assuming the role, Mastin will also join the Company’s Board of Directors, replacing Owens, who will be retiring.

October 2, 2022

LyondellBasell realigns executive team, forms circular and low-carbon solutions business

Chemical Value Chain

New LyondellBasell CEO Peter Vanacker, who joined the company from Neste in May, today named his senior executive team and outlined organizational changes, including creation of a circular and low-carbon solutions business. All changes will be effective 1 October.