INEOS is inviting tenders for the next phase of planning for a carbon, capture, and storage (CCS) enabled low-carbon hydrogen plant and a range of associated infrastructure projects at its site in Grangemouth, Scotland. This is the cornerstone of the “Road Map to Net Zero” for the Grangemouth site. The project is expected to be operational by 2030. Grangemouth is an integrated refining and petrochemicals center and INEOS’ largest production site by volume.
The carbon dioxide from this project will be routed into the Scottish Cluster’s Acorn CO2 Transport and Storage Project. More than 1 m tonnes of CO2 per year from the hydrogen plant will be piped through existing gas pipelines directly to the sea for permanent storage in rock formations deep below the North Sea.
The company says it is moving quickly to implement its Net Zero plans. This will involve replacing hydrocarbon fuels such as natural gas with clean, low-carbon hydrogen to power processes and produce key materials. INEOS has already invested over £500m (€599m) in active projects across the site, including investment in a new energy power plant due to come on stream at the end of 2023. This power plant is expected to reduce emissions by at least 150,000 tonnes of CO2 per year. Later, the new power plant will be converted to run on hydrogen, which should further reduce CO2 emissions.
- INEOS, London, UK