Ineos to convert Grangemouth to run on hydrogen for £1 billion
The move will make it ‘net zero’ for carbon emissions by 2045, five years before the UK government’s target.
Andrew Gardner, chairman of INEOS Grangemouth, said the company, which operates oil, chemical and power plants at the site, would initially use gas to produce its own hydrogen, so-called blue hydrogen, with at least one million tonnes of carbon dioxide (CO2) stored and captured by 2030.
“The next stage would be using green hydrogen,” Gardner said, to bring the entire site to net zero by 2045.
He said the emissions targets are “really ambitious, but achievable” and represent the “next step” in the evolution towards a low-carbon economy.
“Climate change is one of the most urgent environmental, economic and social issues of our time,” he said. ■