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LyondellBasell signs renewable power purchase agreements in Europe
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LyondellBasell signs renewable power purchase agreements in Europe
Jan 29, 2025 5:37 AM

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.

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