By Rob Curran
LyondellBasell signed two purchase-power agreements for renewable energy as the Dutch chemicals company continued a push to limit its environmental impact.
In a 15-year deal, Rotterdam, Holland, chemicals giant agreed to purchase 450 gigawatt-hours annually of offshore wind energy from power company Vattenfall to support sustainable operations in Germany, including powering the company's MoReTec-1 plastic recycling plant in the Rhine-Valley town of Wesseling.
In a separate 10-year deal, Lyondell agreed to buy 79 gigawatt-hours of power a year from renewable-energy firm wpd, which will generate the power at a Sicilian onshore wind farm. Beginning in 2026, the agreement would provide electricity to the region, including a Lyondell production site and research center in Ferrara, northern Italy.
Lyondell has committed to becoming "net zero" on greenhouse gas emissions by 2050.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
January 29, 2025 09:10 ET (14:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。