INEOS Olefins & Polymer Europe has signed a hydropower deal with Skagerak Energitjenester to provide 100% green energy to its Rafnes and Bamble plants in Norway. With this agreement, combined with the recently announced INEOS Inovyn agreement, all of INEOS' assets in Norway will now be powered by 100% renewable energy 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. By only using renewable energy, INEOS can reduce the product carbon footprint of a typical LDPE grade by up to 30%.

Rob Ingram, INEOS O&P Europe North CEO, said, "This is another important milestone on INEOS' path to reducing emissions to net zero by 2050. It also helps our customers deliver on their own commitments to a more sustainable future."

Skagerak Energitjenester CEO, Thomas Peter Jebsen, said, "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 renewable power agreement is part of INEOS O&P Europe's plan to reduce greenhouse gas emissions. INEOS is also investing €4 billion in building a new ethane cracker, due to startup in 2026, that will have CO2 emissions of less than 50% of any existing European cracker.