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Recently, Ineos Corporation issued a statement that the company plans to invest 2 billion euros in renewable hydrogen projects across Europe in the next 10 years, including the construction of a 100-megawatt power plant in Germany
.
Ineos plans to establish green hydrogen production facilities in Norway, Germany and Belgium, and make additional investments in the UK and France
Ineos Chairman Jim Ratcliffe said: "Green Hydrogen represents one of our best opportunities to create a more sustainable and low-carbon world
.
Europe urgently needs more investment in Green Hydrogen, Ineos statement today It shows that we are determined to play a leading role in this important new fuel field
Ineos said it will also develop other projects in Belgium, France and the United Kingdom
.
Ineos already operates electrolysis capacity through its Inovyn business, which produces chlor-alkali and vinyl products