Location
Global
Company size
7300
Industry
Target
INEOS Group commits to becoming Net Zero by 2050 from a 2019 baseline year.
INEOS Group is a multinational chemicals company, headquartered in London, UK. It operates in 29 countries across the globe, with major operational sites in the UK, USA, and Belgium. The company has approximately 26,000 employees. Key subsidiaries include INEOS Styrolution, INEOS Olefins & Polymers Europe, and INEOS Automotive. INEOS is involved in a wide range of sectors including petrochemicals, specialty chemicals, and oil and gas.
We have set ambitious targets to incorporate recycled material into our polymers and ensure our polymer products are 100% recyclable by 2025. We are on track to exceed these targets and have made a new pledge to incorporate at least 850,000 tonnes of recycled and biosourced material per annum into our polymers by 2030.
As part of our 2030 emissions reduction strategy, we continuously investigate and implement measures to optimise the use of energy in our operations and to substitute fossil fuel sources. For instance, our businesses and sites are switching to cleaner energy sources by co-firing hydrogen, using biogas to replace natural gas, and procuring green power through power purchase agreements (PPAs) and their own investments.
Our next preference to co-location or pipeline transport is to use a ship or barge, then rail and, finally, road. In all stages of transport and distribution, INEOS monitors the carbon footprint of its activities. As part of ongoing work with our service providers, we require training for drivers on safe and fuel-efficient driving As well as using natural gas to make ammonia, for instance, we use ethane derived from natural gas in our steam crackers to produce ethylene, which is the building block for a wide range of our chemicals.
Similarly, we use materials derived from crude oil, such as naphtha that we crack to produce ethylene, and aromatics that we use to make many of our chemicals and plastics.
