INEOS agreed a five-year steam exchange deal between its cracker and petrochemicals production site near Cologne, Germany, and the nearby Dormagen chemical park, which is operated by Currenta, said the company.
Both INEOS Cologne and the Dormagen park have power plants, generating 600 tonnes/hour and 900 tonnes/hour of steam, respectively. The new agreement will double steam exchange volumes and is expected to lead to a reduction in energy costs and natural gas use, officials said.
Ongoing uncertainties over Russian gas supplies and rising energy prices are forcing Germany's chemical and other industries to explore every opportunity to save on gas use. The exchange deal will improve steam supply security for both INEOS Cologne and Dormagen.
INEOS has more steam available at Cologne than it needs during normal production and therefore can transfer the surplus to Dormagen, reducing the need for gas to make steam there. At the same time, during peak chemical production or a power plant outage at Cologne, INEOS can source steam from Dormagen, reducing the need for costly backup systems.
In a next step, INEOS and Currenta will install two new steam transfer points, with completion expected this summer. The chemical industry, with a share of 15% of usage, is Germany’s largest consumer of natural gas.
As per MRC, INEOS Olefins Belgium is the first industrial player to sign an agreement with Fluxys to participate in the feasibility study for the development of an open access hydrogen network in the port of Antwerp, said the company.
The cooperation follows the market consultation initiated by Fluxys last year to match supply and demand for hydrogen in the Belgian industrial clusters. The European Commission considers hydrogen essential for becoming carbon-neutral. When hydrogen is used as a fuel, it is carbon-free and essentially only water vapour is emitted. It is also an important raw material for the chemical industry.
mrchub.com