Ineos has signed a 10-year power purchase agreement (PPA) with Eneco for over 65MW from the SeaMade offshore wind farm off Belgium.
The 65.5MW deal starts in 2022 and will deliver 250 gigawatt-hours a year of electricity.
It covers about 13.5% of SeaMade’s output and will reduce the carbon footprint of Ineos by a further 940,000 tonnes of CO2 over the length of the contract.
Ineos will use the electricity to support Ineos Olefins and Polymers, Inovyn and Styrolution businesses, allowing the latter to switch its German assets to green power from January 2022 onwards.
The company said the agreement is its third renewable PPA deal as part of its road map to reduce greenhouse gas emissions from across its operations.
The agreement increases Ineos’ commitment to Belgian offshore renewable wind to 205MW.
Ineos Trading chief executive David Thompson said: “This agreement with Eneco represents an important step in achieving our long-term sustainability goals.
“Combined with our previous deals this reflects a significant commitment across three different Belgium offshore wind parks and underpins our commitment to reducing our carbon footprint.”
Eneco chief strategic growth officer Kees-Jan Rameau said: “Developing sustainable power supplies together with our customers is a central pillar in our One Planet strategy to become a net zero company by 2035.
“Ineos also wants to contribute to a net zero economy and is therefore taking concrete actions to reduce their climate footprint.
“With our collaboration we can contribute to making Ineos operations run on renewable energy sources and at the same time accelerate the energy transition.”