LyondellBasell signs renewable power purchase agreements in Europe
Published by Global Banking & Finance Review®
Posted on January 29, 2025
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on January 29, 2025
1 min readLast updated: January 27, 2026

LyondellBasell signs agreements for wind energy in Europe to reduce emissions, securing power from Vattenfall and wpd.
(Reuters) - Petrochemicals manufacturer LyondellBasell said on Wednesday it has signed power purchase agreements in Europe for wind energy to support its commitment to reducing greenhouse gas emissions.
Chemical companies are entering deals to purchase renewable electricity to help them reach their carbon dioxide emissions reduction targets.
Under the 15-year agreement with European energy firm Vattenfall, LyondellBasell will secure 450 gigawatt-hours (GWh) annually of offshore wind energy to support its circular and low-carbon solutions in Germany, the company said.
Additionally, the company signed a 10-year agreement with renewable energy company wpd, securing 79 GWh annually of onshore wind power from the Licata project in Sicily, Italy, set to begin in 2026.
The chemicals maker had previously signed long-term renewable power purchase agreements with energy companies Buckeye Partners and Engie North America in 2022.
(Reporting by Pooja Menon in Bengaluru; Editing by Vijay Kishore)
LyondellBasell has signed power purchase agreements for renewable wind energy in Europe.
Under a 15-year agreement with Vattenfall, LyondellBasell will secure 450 gigawatt-hours (GWh) of offshore wind energy annually.
LyondellBasell signed a 10-year agreement with renewable energy company wpd for 79 GWh annually of onshore wind power.
The Licata project in Sicily is set to begin in 2026.
In 2022, LyondellBasell signed long-term renewable power purchase agreements with Buckeye Partners and Engie North America.
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