finance

INEOS announce plans to build 100MW electrolyser in Koln



INEOS has announced plans to build a 100 MegaWatt (MW) electrolyser to produce green hydrogen at a site in Koln in Germany.

The facility will be built by its subsidiary INOVYN, which forms part of the €2bn investment it announced earlier this week into green hydrogen.

Hydrogen from the new unit would be used in the production of green ammonia with the facility reducing carbon emissions at Koln by more than 120,000 tonnes per year.

As the second largest global chemical product, transitioning towards green ammonia production could lead to reducing almost 1% of global greenhouse gases per year.

The development, by INEOS Nitriles , initiates the transition towards achieving a low-carbon future within the chemical industry.

The project will also look to develop E-Fuels through power-to-methanol applications at INEOS Köln site at an industrial scale.

Hydrogen will be made available for further INEOS processes at the site, to chemical park operator Currenta – who will also provide important infrastructure to the project – and to other users in the region, to support the local sustainability agenda.

The project has successfully passed the first selection phase of the IPCEI (Important Projects of Common European Interest) process.

Hans Casier, chief executive at INEOS Phenol and INEOS Nitriles said: “This development builds on INEOS leading role in decarbonisation of industry with green ammonia, and methanol production from green hydrogen. The transition is driven by the growing demand for low-carbon and affordable energy sources.”

Axel Goehrt, managing director at INEOS Koln said: “The green Hydrogen project is an important milestone in achieving a significant carbon footprint reduction at the Koln site and in driving forward our ambitious sustainability agenda towards net-zero.”

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