- Project
Electra
will reduce CO2 emissions by up to 21,000 tonnes per year at INOVYN’s site in Rafnes
- The project – which just entered its industrial demonstration phase – builds upon groundbreaking technology that fully electrifies the production of vinyl chloride
- Together with ongoing project Aquarius,
Electra
will allow for a 40% reduction of INOVYN’s CO2 production in
Norway
INOVYN, an
INEOS
company, will develop and install new world leading technology to electrify the production of vinyl chloride at the Rafnes site, making it possible to replace fossil energy with renewable electricity. The project has been named “Electra”.
“Project Electra will reduce CO2 emissions from the operations at Rafnes by up to 21,000 tonnes per year”, explains Nils Eirik Stamland,
Project Director
and chairman of INOVYN Norge. “The project is part of a roadmap for the stepwise decarbonisation of our activities in
Norway
in which the use of renewable hydropower will play an important role.”
On
23 August 2022
Enova announced that it would support
Electra
with an investment of
138 Million NOK
(ca 14 Million €), subject to
INEOS
decision to go ahead with the project. In Enova’s press release their CEO Nils Kristian Nakstad said: “This is a major investment that will move INOVYN’s Norwegian operations closer to the goal of net zero emissions in 2050 whilst contributing to the required technology development in the Norwegian petrochemical industry.” The Minister of Climate and Energy in
Norway
,
Espen Barth Eide
, was also quoted in Enova’s press release, saying: “It is important and good that companies like INOVYN, goes ahead and show what’s possible and that we need more of this type of projects.”
INEOS
has now approved the next phase of the project with the clear intention to construct the groundbreaking electrical reactor at industrial demonstration scale.
Important steps to fulfil INEOS’ commitment to carbon neutrality roadmaps
In
July 2021
INEOS
chairman Sir
Jim Ratcliffe
announced that all
INEOS
businesses were developing roadmaps – based on real action plans that can be supported – to deliver net zero emissions across all of our operations by 2050, whilst remaining profitable and staying ahead of evolving regulations and legislation. Using 2019 as the reference year,
INEOS
are targeting a reduction of over 10% by 2025 and over 33% by 2030, the one-third mark on the road to net zero.
In parallel with project
Electra
, INOVYN is already well advanced on project Aquarius, which will see the installation of a 20 MW hydrogen production facility in Rafnes. The combined effect of projects
Electra
and Aquarius will be a ca 40% reduction of INOVYNs CO2 emissions in
Norway
.
Geir Tuft
, INOVYN CEO adds: “The plans require the development and testing of new, innovative technology. Enova’s support is crucial for us to carry out this type of ambitious project as early movers and hence achieve our climate goals.”
Electricity markets
INEOS
is already using 1.3-1-4 TWh/per year in
Norway
. “To allow us to pursue our plans for decarbonising our operations in the Grenland region, we will gradually increase our electricity consumption in the next 2-5 year period. In the current EU energy context, it is important to remember that industrial developments like these require reliable and competitive energy supply to be successful”, says Nils Eirik Stamland.
For editors:
About INOVYN
Part of
INEOS
, INOVYN is Europe’s leading producer of vinyls and in the top three worldwide. With an annual turnover of €4.5 billion, INOVYN has circa 4,200 employees and manufacturing, sales and marketing operations in 8 countries across
Europe
.
INOVYN’s portfolio consists of an extensive range of class-leading products arranged across General Purpose Vinyls; Specialty Vinyls; Organic Chlorine Derivatives;
Chlor Alkali
; Hydrogen and Vinyls Technologies. INOVYN’s annual commercial production volume is circa 10 million tonnes.
See www.inovyn.com and www.ineos.com for more details.
We are
INEOS
|
INEOS Group
INEOS
is one of the world’s largest chemical producers and a significant player in the oil and gas market. Learn more about who we are, today.
About
INOVYN Norge AS
Inovyn Norge AS
is part of the Norwegian petrochemical industry with production activities at Rafnes and Herøya. The company produces caustic, raw materials for PVC manufacturing and hydrogen at Rafnes. INOVYN Norge is part of the
INEOS
, which has operations at 183 sites spread across 31 countries.
About Enova
Enova supports tomorrow’s energy and climate technology in order for
Norway
to meet the climate targets for 2050. In 2021, Enova awarded
NOK 4.4 billion
to over 5,500 smart energy and climate measures. Enova manages the
Climate and Energy Fund
and is a state-owned enterprise owned by the
Ministry of Climate and Energy
. Enova is located in Trondheim and has just over 80 employees.
Press Release Attribution: View Original Source
INOVYN takes the next step in developing and implementing green technology at its petrochemical site in Rafnes
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