Industrial, Solar, Sourcing Renewables - December 19, 2023
LyondellBasell Signs Two Solar PPAs
LyondellBasell, a global leader in the chemical manufacturing industry, signed two power purchase agreements (PPA) in the U.S. increasing its total procured renewable electricity to 1,366 megawatts (MW).
The latest PPAs represent 89% of the chemical company’s goal to procure a minimum of 50% of its electricity from renewable sources.
"We are taking decisive steps to reduce our scope 1 and 2 greenhouse gas emissions and power purchase agreements are a critical lever towards meeting our targets," said Chris Cain, LyondellBasell Senior Vice President for Net Zero Transition Strategy, in a statement. "These two new agreements help us accelerate the development of clean energy and shift to use of low carbon energy at our sites."
The company signed a long-term PPA for 125 MW of renewable electricity sourced from TotalEnergies' Brazoria Solar project in Brazoria County, Texas. The 15-year agreement is expected to generate approximately 300,000 megawatt-hours (MWh) of solar power annually.
The project is expected to start operations at the end of 2025. This is the company's second PPA with TotalEnergies.
LyondellBasell also signed a long-term PPA with Industrial Sun to supply 50 MW of renewable electricity from Industrial Sun's Industrial Bravo solar project in Matagorda County, Texas, to the LyondellBasell Matagorda Complex. This facility produces high-density polyethylene (HDPE) plastic resins used to manufacture various consumer products.
The project is expected to begin operations in the first half of 2026.
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