LyondellBasell signs two US power purchase agreements

International Resource News - 30 June 2022

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Netherlands-based chemical company LyondellBasell has entered into its first two US power purchase agreements (PPA) supporting the firm's climate goal to receive a minimum of 50 percent of electricity from renewable sources by 2030.

The company has signed a PPA with ENGIE North America for 100 MW of renewable electricity sourced from ENGIE's new Limestone wind project in Texas' Navarro and Limestone counties. The project is likely to start operations late in 2022. The company has also signed a PPA with Buckeye Partners for 116 MW of renewable electricity sourced from its Files solar project situated at Hill County, near Dallas, Texas. The solar farm is likely to start operations in the second quarter of 2023.

The integrated contracts represent 216 megawatts (MW) of renewable energy that is estimated to generate around 628,000 megawatt-hours (MWh) of clean power per annum. Around 15 percent of LyondellBasell's total scope one and two greenhouse gas emissions come from its electricity consumption. It is claimed that these contracts will allow the firm to decrease its carbon dioxide emissions by around 225,000 metric tons per annum.