A further £1bn ($1.36bn) investment is expected to be made on the INEOS Grangemouth site in Scotland which will see the production and use of hydrogen accompanied with carbon capture and storage.
Revealed today (Sept 22), INEOS and Petroineos will move to the next stage of its decarbonisation roadmap as it aims to contribute to the Scottish Governments emissions reduction target by 2045.
Read more: Storegga, Shell and Harbour Energy equal partners of leading CCS and hydrogen project
Read more: ‘Project Union’ set to create 2,000km hydrogen network
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