- The solar farm will provide over 57,000 MWh of renewable electricity annually from 2024.
- HELIOS will save more than 14,000 tonnes of CO2 each year.
- INEOS Inovyn aims to reduce CO2 emissions by 30% by 2030 and achieve net zero by 2050.
- INEOS Inovyn plans to invest over €2bn in green hydrogen production at sites in Norway, Koln, Antwerp, and the UK.
Solar Farm Investment
INEOS Inovyn has announced the investment in HELIOS, a 90,000-panel solar farm covering 30 hectares, to supply renewable electricity to its site in Jemeppe-sur-Sambre, Belgium. The solar farm will generate over 57,000 MWh of renewable electricity annually starting in 2024, equivalent to the consumption of around 16,000 households.
CO2 Emission Reduction
HELIOS will replace approximately 10% of the site's electricity needs, reducing CO2 emissions by more than 14,000 tonnes each year. This initiative is part of INEOS Inovyn’s broader plan to cut CO2 emissions by over 30% by 2030 and achieve net zero by 2050.
Energy Efficiency and CCS Projects
In addition to renewable energy, INEOS Inovyn is enhancing its processes, electrifying systems, and upgrading to more energy-efficient equipment. The company is also involved in Carbon Capture and Storage (CCS) projects to research permanent CO2 storage solutions.
Green Hydrogen Production
As Europe’s largest operator of electrolysis, INEOS Inovyn has announced plans to invest over €2 billion in green hydrogen production at its sites in Norway, Koln, Antwerp, and the UK. This investment aims to support the production of green hydrogen, a key component in the transition to a sustainable energy future.
Energy Costs and Competitiveness
Energy costs have risen significantly, now accounting for 40% of production costs, up from 20% in 2018. To maintain competitiveness, INEOS Inovyn emphasizes the importance of energy savings and cost management. An underground cable will connect the solar park directly to the site's internal electricity grid, ensuring energy self-sufficiency while remaining connected to the Belgian high-voltage network for flexibility.
