INEOS will invest €2 B in the production of carbon-free, green hydrogen across Europe. The first production sites will be built in Norway, Germany and Belgium. Investments are also planned in the UK and France.

In Germany, INEOS plans to build a larger 100 MW electrolysis plant to produce green hydrogen at its site in Cologne. The development will further promote the decarbonization of INEOS' operations on the site. The hydrogen from the installation will be used for the production of green ammonia.

"INEOS is in a unique position to lead the development of these new capabilities, driven by the emerging demand for affordable, low-carbon energy sources, combined with our existing capabilities to The first plant to be built is a 20 MW electrolysis plant that will produce clean hydrogen in Norway by electrolysis of water, powered by carbon-free electricity," Geir Tuft, CEO of INOVYN said. "This project will lead to an estimated reduction of at least 22,000 tpy of CO₂ by reducing the carbon footprint of INEOS' Rafnes operations and acting as a hub for the supply of hydrogen to the Norwegian transport sector."

The project in Cologne will result in a reduction in carbon emissions of more than 120,000 tpy. It will also provide opportunities for the development of E-Fuels through power-to-methanol applications on an industrial scale.

INEOS is developing other projects in Belgium, France and the UK and expects to announce further partnerships with leading organizations involved in developing new hydrogen applications.

In November 2020, INEOS launched a new industry as part of INOVYN to develop and build green hydrogen capacity across Europe, supporting the drive towards a zero-carbon future.  

INEOS' hydrogen division, headquartered in the UK, aims to build capacity to produce hydrogen across INEOS' network of European sites, as well as in partner sites where hydrogen can accelerate the decarbonization of energy. The company also plans to work closely with European governments to ensure the necessary infrastructure is in place to realize the potential of hydrogen in the new green economy.