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Released June 24, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--With the help of NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida), last week chemical maker INEOS (London, England) took one step closer to its goal of achieving net-zero emissions by 2050, with the interim step of a 33% reduction by 2030 from 2019 figures. Last week, NextEra broke ground on a solar farm in Bosque County, Texas, all of the output of which will be designated to INEOS Olefins & Polymers USA's (INEOS O&P USA) 14 U.S. plants.
The power purchase agreement between INEOS and NextEra was sealed in December 2022, paving the way for a NextEra subsidiary to build the INEOS Hickerson solar farm in Texas. NextEra also will own and operate the plant once it begins operations. The facility will use approximately 697,000 solar panels to generate 310 megawatts (MW) of electricity, all of which is designated to INEOS. While plans initially called for battery energy storage, this component doesn't seem to be on the table at this time. The companies expect the facility to begin operating by the end of next year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing the project report.
INEOS' O&P USA's energy use may be set to grow as a plant restarts in Louisiana. In July 2023, the ethylene oxide (EO) unit at Dow Incorporated's (NYSE:DOW) (Midland, Michigan) facility in Plaquemine, Louisiana, was closed due to a fire, prompting the knock-on closure of INEOS O&P USA's ethanolamines unit in Plaquemines, which used the EO as feedstock. With Dow's plans to restart the unit and begin supplying EO from the plant to ethanolamines companies again, INEOS is readying to restart its Plaquemine plant, resulting in the production of 159,000 tons of ethanolamines per year. The restart will probably be completed in early 2025, depending on how quickly Dow's EO unit can be up and running again. Subscribers to Industrial Info's Chemicals Project Database can learn more by viewing the project report.
The broader INEOS Group, encompassing more than the company's olefins and polymers unit, also plans to kick off some U.S. projects in the near future. Chief among these is the expansion of a phenol plant near Mobile, Alabama. According to INEOS, the Mobile plant, which produces 540,000 tons per year, already is the largest single-train phenol plant in the U.S. and the second-largest in the world. This is set to grow as INEOS adds distillation columns and upgrades the oxidation, wastewater, concentration and other areas to boost production capacity by more than 310,000 metric tons, resulting in production of 850,000 tons of phenols from the plant each year. The project is set to kick off in the coming months, putting it on track for completion in late 2025. Subscribers can click here to learn more.
Another INEOS segment is considering adding a polystyrene-recycling unit at its facility in Channahon, Illinois. The 100-ton-per-day unit would use Agilyx advanced recycling technology to recycle post-use polystyrene products back into virgin-equivalent styrene monomer, resulting in a truly closed-loop recycling system. The recycled product will be used in applications such as food-grade plastic products or packaging applications. Work on the unit addition could begin next year and is expected to take about two and half years to complete. Subscribers can click here to learn more about the project.
The upcoming INEOS Hickerson solar farm is one of many potential renewable energy projects in Texas from NextEra. The company's projects in the state encompass solar, wind and battery energy storage systems (BESS). Among the largest of these projects is a solar farm in Limestone County, near Waco. Construction began in late 2022, with Moss Solar (Fort Lauderdale, Florida) providing engineering, procurement and construction (EPC) services. Moss will install approximately 918,000 solar panels across the 2,500-acre site, resulting in solar generation of 400 MW when completed in the first half of 2025. Subscribers can learn more by viewing the project report.
NextEra is nearing completion of a 301-MW windfarm near Haskell that also features a BESS unit. The Inertia Windfarm will boast more than 100 turbines, each rated at between 2.52 MW and 2.82 MW. In addition, EPC contractor M.A. Mortenson Company (Minneapolis, Minnesota) is installing 100 MW of battery storage. The plant is expected to be online soon. Subscribers can learn more by viewing the reports on the wind and BESS portions of the project.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
The power purchase agreement between INEOS and NextEra was sealed in December 2022, paving the way for a NextEra subsidiary to build the INEOS Hickerson solar farm in Texas. NextEra also will own and operate the plant once it begins operations. The facility will use approximately 697,000 solar panels to generate 310 megawatts (MW) of electricity, all of which is designated to INEOS. While plans initially called for battery energy storage, this component doesn't seem to be on the table at this time. The companies expect the facility to begin operating by the end of next year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing the project report.
INEOS' O&P USA's energy use may be set to grow as a plant restarts in Louisiana. In July 2023, the ethylene oxide (EO) unit at Dow Incorporated's (NYSE:DOW) (Midland, Michigan) facility in Plaquemine, Louisiana, was closed due to a fire, prompting the knock-on closure of INEOS O&P USA's ethanolamines unit in Plaquemines, which used the EO as feedstock. With Dow's plans to restart the unit and begin supplying EO from the plant to ethanolamines companies again, INEOS is readying to restart its Plaquemine plant, resulting in the production of 159,000 tons of ethanolamines per year. The restart will probably be completed in early 2025, depending on how quickly Dow's EO unit can be up and running again. Subscribers to Industrial Info's Chemicals Project Database can learn more by viewing the project report.
The broader INEOS Group, encompassing more than the company's olefins and polymers unit, also plans to kick off some U.S. projects in the near future. Chief among these is the expansion of a phenol plant near Mobile, Alabama. According to INEOS, the Mobile plant, which produces 540,000 tons per year, already is the largest single-train phenol plant in the U.S. and the second-largest in the world. This is set to grow as INEOS adds distillation columns and upgrades the oxidation, wastewater, concentration and other areas to boost production capacity by more than 310,000 metric tons, resulting in production of 850,000 tons of phenols from the plant each year. The project is set to kick off in the coming months, putting it on track for completion in late 2025. Subscribers can click here to learn more.
Another INEOS segment is considering adding a polystyrene-recycling unit at its facility in Channahon, Illinois. The 100-ton-per-day unit would use Agilyx advanced recycling technology to recycle post-use polystyrene products back into virgin-equivalent styrene monomer, resulting in a truly closed-loop recycling system. The recycled product will be used in applications such as food-grade plastic products or packaging applications. Work on the unit addition could begin next year and is expected to take about two and half years to complete. Subscribers can click here to learn more about the project.
The upcoming INEOS Hickerson solar farm is one of many potential renewable energy projects in Texas from NextEra. The company's projects in the state encompass solar, wind and battery energy storage systems (BESS). Among the largest of these projects is a solar farm in Limestone County, near Waco. Construction began in late 2022, with Moss Solar (Fort Lauderdale, Florida) providing engineering, procurement and construction (EPC) services. Moss will install approximately 918,000 solar panels across the 2,500-acre site, resulting in solar generation of 400 MW when completed in the first half of 2025. Subscribers can learn more by viewing the project report.
NextEra is nearing completion of a 301-MW windfarm near Haskell that also features a BESS unit. The Inertia Windfarm will boast more than 100 turbines, each rated at between 2.52 MW and 2.82 MW. In addition, EPC contractor M.A. Mortenson Company (Minneapolis, Minnesota) is installing 100 MW of battery storage. The plant is expected to be online soon. Subscribers can learn more by viewing the reports on the wind and BESS portions of the project.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
