Chemicals firm INEOS Olefins & Polymer Europe has signed a renewable power agreement with Skagerak Energitjenester to provide 100% green energy to its 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% 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 can reduce the product carbon footprint of a typical LDPE grade by up to 30%.
Skagerak Energitjenester CEO, Thomas Peter Jebsen, says, “We are proud that INEOS Rafnes and Bamble have chosen us as their long-term power supplier of 100% 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”.
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% of any existing European cracker.