PRESS RELEASES INOVYN announces project to develop Europe's first hydrogen powered barge for bulk liquid chemical transport Wednesday, November 24, 2021 INEOS Group INOVYN has today announced a partnership with the Netherlands based VT Group (Verenigde Tankrederij) to build Europe’s first bulk liquid chemical barge powered by hydrogen. This is part of INOVYN’s ongoing strategy to develop green hydrogen and replace existing carbon-based sources of energy, feedstocks and fuel. The hydrogen-powered barge will transport vital raw materials for INOVYN between its sites at Antwerp and Jemeppe, Belgium. The low carbon hydrogen to power the barge will be supplied by INOVYN as a co-product from its chemical manufacturing operations. VT Group will retrofit an existing barge with hydrogen technology, replacing the gasoil combustion technology that is fitted today. This will reduce annual CO2 emissions by an estimated 1,000 tonnes. Comments Wouter Bleukx, Hydrogen Business Manager for INOVYN: “This is the latest example of INOVYN driving the decarbonisation agenda as part of INEOS’s €2 billion investment programme. Hydrogen-powered transport will play a critical role in Europe’s journey to net-zero and INOVYN is perfectly positioned to drive down emissions in the transport sector as we are already a producer of low-carbon hydrogen and have significant demand for transportation.” VT Group will own and operate the new barge on behalf of INOVYN. Niels Groenewold, CEO of VT Group comments: “Our strong relationship with INOVYN has always enabled us to innovate. Being able to contribute to a net-zero operation is very valuable to us and is perfectly aligned with our company’s sustainability ambitions.” INOVYN, through its parent company INEOS, is involved in multiple projects across Europe to develop green hydrogen and replace existing carbon-based sources of energy, feedstocks and fuel. The group will work closely with national and European governments to facilitate hydrogen’s significant role in the new green economy, including this project. ENDS UK Craig Welsh T: +44 (0)1928 511528 E: craig.welsh@inovyn.com BELGIUM Nathalie Meert T: 0491 35 91 67 E: nathalie.meert@ineos.com GERMANY Anne-Gret Iturriaga Abarzua T: +49 221 3555-1096 E: anne-gret.iturriaga.abarzua@ineos.com For editors: About INOVYN Part of INEOS, INOVYN is Europe's leading producer of vinyls and in the top three worldwide. With an annual turnover of €3.1 billion, INOVYN has circa 4,200 employees and chemical manufacturing, sales and marketing operations in 8 countries across Europe. INOVYN’s portfolio consists of an extensive range of class-leading products arranged across General Purpose Vinyls; Specialty Vinyls; Organic Chlorine Derivatives; Chlor Alkali; Hydrogen and Vinyls Technologies. INOVYN's annual commercial production volume is circa 10 million tonnes. https://www.inovyn.com/news/inovyn-announces-project-to-develop-europes-first-hydrogen-powered-barge-for-bulk-liquid-chemical-transport/ SHARE THIS ARTICLE: RELATED ARTICLES 20 October 2021 INOVYN at Runcorn to ramp up hydrogen supply to fuel trucks buses and power... READ MORE 17 October 2021 Hydrogen, the dream fuel READ MORE 19 October 2021 INEOS green hydrogen project accelerates towards net-zero future in Germany by... READ MORE 18 October 2021 INEOS announces over €2 billion investment in Green Hydrogen Production READ MORE FOLLOW US INEOS footer navigation Site sections HOME ABOUT US LEADERSHIP LOCATIONS CONTACTS SUSTAINABILITY NEWS PRESS RELEASES IN.TV VIDEO PRESS CONTACTS CAREERS INVESTORS Industry BUSINESSES CHEMICALS POLYMERS OIL AND GAS MARKETS PRODUCT FINDER Sport SAILING CYCLING FOOTBALL F1 CHALLENGES FOUNDATIONS Copyright © 2021. All rights reserved. This website is published by INEOS on behalf of its businesses. Headquarters: 38 Hans Crescent, Knightsbridge, London, SW1X 0LZ, UK. INEOS is a Registered Trademark, the property of INEOS Capital Limited. Site designed and developed by The MTM Agency LEGAL ANTI SLAVERY ACT PRIVACY POLICY COOKIE POLICY VAT NUMBERS TERMS OF SALE English We use cookies to make sure you get the most from our website. Need to know more? OK