British chemical company Ineos has announced plans to invest more than €2bn ($2.31bn) in electrolysis projects to produce zero-carbon hydrogen across Europe.

The first projects will be built in Norway, Germany and Belgium over the next ten years. The company also plans to build facilities in the UK and France.

At present, Ineos, through its subsidiary Inovyn, is considered one of the largest operators of electrolysis in Europe.

The electrolysis process is used to produce green hydrogen for the power generation, transportation and industrial sectors.

Inovyn CEO Geir Tuft said: “Ineos is uniquely placed to play a leading role in developing these new opportunities, driven by emerging demand for affordable, low-carbon energy sources, combined with our existing capabilities in operating large-scale electrolysis.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The first electrolysis facility to be built by Ineos will be a 20MW electrolyser in Norway, which will produce clean hydrogen through the electrolysis of water.

The Norwegian facility will have the capacity to reduce 22,000t of carbon emissions a year. Hydrogen produced at this facility will be supplied to the Norwegian transport sector.

Ineos also plans to build a 100MW electrolyser at its site in Koln, Germany, where it will use green hydrogen to produce green ammonia.

The Koln project is expected to offset more than 120,000t of carbon emissions a year.

Ineos’ hydrogen business will be based in the UK. The company plans to install hydrogen production capabilities at all its European sites.

Inovyn hydrogen business manager Wouter Bleukx said: “Hydrogen is an important part of a climate-neutral economy that has been discussed for decades.

“As hydrogen becomes available for zero-carbon transportation, as well as many applications in the home and in industry, Ineos is uniquely placed to support new opportunities, driven by emerging demand for affordable zero-carbon energy sources.”