Ineos receives state finance for electrolyser study
Firm plans to build and operate 100MW electrolyser to decarbonise ammonia production at Cologne site
Chemicals firm Ineos has received €770,000 ($803,000) from the government of the German state of North Rhine-Westphalia to support a feasibility study for the construction of a 100MW water electrolysis facility. The firm plans to build and operate the facility at its site in Cologne as part of its €2bn package of green hydrogen projects, announced in October last year. “The funding decision shows the significance that the state of North Rhine-Westphalia attaches to our project,” says Stephan Muller, commercial energy manager for Ineos in Cologne. The hydrogen produced would be used to decarbonise existing ammonia production at the plant, reducing greenhouse gas (GHG) emissions by more than 1
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges