Its new electrolysis plants will be built in Norway, Germany and Belgium over the next decade, with further plants planned for France and the UK.
Ineos said it intends to work closely with EU governments. The bloc has made hydrogen a key part of its decarbonisation strategy, and plans to install capacity of 40GW of electrolysers by 2030; at present, there is not yet 0.1GW installed.
Sir Jim Ratcliffe, founder and chair of Ineos, penned an editorial for the Sunday Telegraph extolling the benefits of hydrogen: “Hydrogen is the dream fuel. You can heat your home with it. You can drive your car on it. Burn it and all it produces is energy and the only by-product is water. We can all live with that. the world has committed to hugely reducing its carbon emissions and hydrogen is unquestionably going to play a large part in accomplishing this goal.”
He added: “[Hydrogen] infrastructure, clearly critical, needs government push on legislation and investment. The...