INOVYN, a subsidiary of INEOS, has announced plans to develop a new clean hydrogen supply hub at its chemical manufacturing site in Rafnes, Norway.
It intends to build a 20MW electrolyser to produce green hydrogen through the electrolysis of water, powered by zero carbon electricity.
The project is expected to cut an estimated 22,000 tonnes of carbon emissions per year, helping reduce the carbon footprint of INEOS‘ operations in Norway and serving as a hub to provide hydrogen to the Norwegian transport sector.
INOVYN is targeting to produce enough additional hydrogen per day to fuel up to 400 buses or 1,600 taxis.
Geir Tuft, CEO of INOVYN said: “The EU and national governments have clear targets towards the widespread utilisation of hydrogen across Europe by 2030. With INOVYN’s experience in electrolysis technology and our growing portfolio of hydrogen projects, using clean hydrogen to accelerate decarbonisation of energy will drive progress towards a carbon-free future.”
The company will be applying for funding to realise the project in collaboration with partners that support increasing the use of hydrogen in transport.