INEOS to Invest $2.3 Billion on Green Hydrogen Production

The company plans to work closely with the European Union, which has made hydrogen a key part of its plan to eliminate emissions by 2050.

Reuters

INEOS, Europe's largest Hydrogen producer, said on Oct. 18 that it would invest more than 2 billion euros ($2.3 billion) on electrolysis plants to make zero-carbon green hydrogen across Europe.

The first plants will be built in Norway, Germany and Belgium over the next 10 years, with others planned in the UK and France, the company said in a statement that did not specify the total duration of the investment.

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