INEOS Olefins & Polymer Europe have signed a renewable power agreement with Skagerak Energitjenester to provide 100 per cent green energy to their Rafnes and Bamble plants in Norway.
Combined with the recently announced INEOS Inovyn deal in Norway, all of INEOS’ assets in the region are now supplied with 100 per cent green power generated from hydroelectric production.
The Rafnes cracker produces ethylene for a wide variety of applications, including the production of low-density polyethylene (LDPE) at the adjacent Bamble site. These LDPE grades are used to produce essential products such as beverage cartons, medical bottles and food packaging seals. By using renewable power, INEOS said that it can reduce the product carbon footprint of a typical LDPE grade by up to 30 per cent.
“We are proud that INEOS Rafnes and Bamble have chosen us as their long-term power supplier of 100 per cent green power. With our joint focus on renewable energy, we want to support INEOS in reaching its renewable energy targets and the wider green transition of Norwegian industry,” commented Skagerak Energitjenester CEO, Thomas Peter Jebsen.
This is the latest renewable power deal agreed by INEOS O&P Europe as part of its plan to reduce greenhouse gas emissions. INEOS is also investing €4 billion building a new ethane cracker, due to startup in 2026 that will have CO2 emissions of less than 50 per cent of any existing European cracker.
“We are pleased to announce this deal with Skagerak Energitjenester. It marks another important milestone on our way to reducing our overall emissions by 33 per cent by 2030. It also shows our continuing focus on developing practical solutions to help our customers deliver on their own commitments to a more sustainable future,” added Rob Ingram, INEOS O&P Europe North CEO.
Among other initiatives, INEOS O&P also produce a ‘Recycl-IN‘ polymer range, which compounds post-consumer recycled plastic with new highly engineered virgin polymers to meet the demand for recycled products that meet high performance specifications. They have also signed an agreement with Plastic Energy to produce 100,000 tonnes per annum of recycled raw materials from plastic waste, considered to be the largest use of the technology on the market.