INEOS announces groundbreaking on the INEOS Hickerson solar project

24 June 2024

INEOS Olefins & Polymers USA and NextEra Energy Resources, LLC announced today groundbreaking on INEOS Hickerson Solar, a new 310-megawatt solar project located in Bosque County, Texas, USA. This significant milestone follows the recently signed renewable power purchase agreement with NextEra Energy Resources, the world's largest generator of renewable energy from wind and sun, and a leader in battery energy storage.

The INEOS Hickerson Solar project will be constructed, owned and operated by a subsidiary of NextEra Energy Resources. The entire output of this cutting-edge solar project will be dedicated to INEOS O&P USA, aiming to cover the net purchased electricity load for all 14 of INEOS O&P USA’s manufacturing, fractionation and storage facilities in the U.S.

Expected to produce 730,000 megawatt-hours of clean energy annually—equivalent to the annual electricity use of over 68,000 homes—the INEOS Hickerson Solar project will significantly contribute to reducing greenhouse gas emissions by approximately 310,000 tons per year.

“INEOS O&P USA is committed to leading the petrochemical community in adopting renewable energy solutions,” said CEO Mike Nagle. “This solar project is a crucial step in our global efforts to reduce the carbon footprint of INEOS businesses.”

“We are pleased to work with INEOS O&P USA and support their renewable energy objectives,” said Petter Skantze, vice president of infrastructure development for NextEra Energy Resources. “We commend INEOS for pioneering the decarbonization of the petrochemical industry.”

The INEOS Hickerson Solar project is scheduled to begin commercial operation by December 2025.

About INEOS

INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. For example, preservation of food and clean water; construction of wind turbines, solar panels and other renewable technologies; for construction of lighter and more fuel-efficient vehicles and aircraft; for medical devices and applications; for clothing and apparel; and for insulation and other industrial and home applications.

INEOS operates 184 sites across 31 countries, generates $68 billion annually and employs over 25,000 people. Complementing our core business, INEOS is making an impact across a range of elite sports and becoming increasingly known to consumers, with the launch of the Grenadier (our uncompromising 4x4) and INEOS Hygienics.

INEOS businesses have put in place the plans and actions needed to ensure that they lead the transition to a net zero economy by no later than 2050, whilst remaining profitable, and staying ahead of evolving regulations and legislation. As part of its greenhouse gas emission reduction strategy, there is widespread goal to move to a more circular economy, in which materials are re-used to their maximum extent.

About INEOS USA.

INEOS USA LLC, under the trade name INEOS Olefins & Polymers USA, and in conjunction with its various subsidiaries, is an major, integrated manufacturer of petrochemical products in North America, from upstream oil and gas production, to NGL fractionation, to olefins and polymers production, to downstream plastic pipe conversion, with production capacity of 14.1 billion pounds per year of NGLs, olefins, polypropylene, and high-density polyethylene (HDPE) from 5 manufacturing sites (including joint ventures), and 846 million pounds per year of HDPE pipe from 9 manufacturing sites. INEOS O&P USA has annual gross revenue of approximately $5 billion, employs 1,900 people, and is headquartered in League City, Texas, U.S.A.

 

Source:ineos.com