Jan 29 (Reuters) - Petrochemicals manufacturer
LyondellBasell said on Wednesday it has signed power
purchase agreements in Europe for wind energy to support its
commitment to reducing greenhouse gas emissions.
Chemical companies are entering deals to purchase renewable
electricity to help them reach their carbon dioxide emissions
reduction targets.
Under the 15-year agreement with European energy firm
Vattenfall, LyondellBasell will secure 450 gigawatt-hours (GWh)
annually of offshore wind energy to support its circular and
low-carbon solutions in Germany, the company said.
Additionally, the company signed a 10-year agreement with
renewable energy company wpd, securing 79 GWh annually of
onshore wind power from the Licata project in Sicily, Italy, set
to begin in 2026.
The chemicals maker had previously signed long-term
renewable power purchase agreements with energy companies
Buckeye Partners and Engie North America in 2022.