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LYB secures capacity to reach its 2030 renewable electricity goal

HOUSTON and ROTTERDAM, the Netherlands, LyondellBasell (LYB) today announced it signed a power purchase agreement with Eneco N.V. This agreement brings LYB’s total secured renewable electricity capacity to 100% of its renewable electricity procurement target.

‘Taking climate action is a key part of our strategy to create value for our stakeholders, the environment and society. I am therefore delighted that this latest agreement will help us reach our 2030 renewable electricity goal once all projects become operational,’ said Peter Vanacker, LyondellBasell CEO. ‘Power Purchase Agreements are a critical lever in our efforts to reduce our absolute scope 1 and 2 greenhouse gas emissions.’

Source: BERNAMA News Agency