
LyondellBasell, a global leader in the chemical industry, has announced the signing of two significant power purchase agreements (PPAs) in Europe, reinforcing its commitment to reducing greenhouse gas emissions and promoting a more sustainable energy transition. These long-term agreements provide LyondellBasell with price stability while securing renewable energy sources, further supporting the company’s goal of integrating low-carbon solutions into its operations.
Commitment to Renewable Energy and Sustainability
The signing of these PPAs marks another step in LyondellBasell’s journey towards achieving its sustainability objectives. By securing renewable energy at fixed prices, the company mitigates the risks associated with fluctuating fossil fuel costs and enhances the attractiveness of clean energy alternatives.

“Adding these long-term agreements to our portfolio supports price stability to increase the use of renewable energy in a value-accretive way,” said Chris Cain, LyondellBasell’s Senior Vice President of Net Zero Transition Strategy. “Our diverse global portfolio of renewable energy not only reduces our carbon footprint but also supports our customers’ ability to meet their CO2 reduction objectives.”
Offshore Wind Power Agreement with Vattenfall
One of the newly signed agreements is a 15-year PPA with Vattenfall, a leading European energy company, which will provide LyondellBasell with 450 gigawatt-hours (GWh) of offshore wind energy annually. This renewable energy will be used to power the company’s operations in Germany, including its MoReTec-1 plant in Wesseling.
The MoReTec-1 facility is LyondellBasell’s first commercial-scale advanced recycling plant and plays a key role in the company’s circular economy initiatives. Using proprietary recycling technology, the plant is capable of processing plastic packaging waste equivalent to the amount generated by over 1.2 million German citizens per year. This innovative approach not only helps divert plastic waste from landfills but also contributes to reducing the carbon footprint of plastic production.
Vattenfall, which has been a driving force in the electrification of industry and the transition to fossil-free energy for over a century, has committed to achieving net-zero emissions across its entire value chain by 2040. The collaboration between LyondellBasell and Vattenfall highlights the shared vision of both companies to accelerate the transition toward cleaner, more sustainable energy sources.
Onshore Wind Power Agreement with wpd
In addition to the agreement with Vattenfall, LyondellBasell has entered into a long-term PPA with wpd, securing 79 GWh annually of onshore wind energy from the Licata project in Sicily, Italy. This 10-year agreement, set to begin in 2026, will support the supply of renewable electricity to LyondellBasell’s facilities in the region, including its production site and research center in Ferrara, Italy.
LyondellBasell’s Ferrara site is a globally significant hub for polymer production and innovation. It is home to the world’s largest facility for Ziegler-Natta catalyst development and production, which plays a crucial role in the manufacturing of polypropylene and advanced polyolefin resins. These materials are essential for a wide range of applications, including food packaging, medical devices, and automotive components. The introduction of renewable energy to this facility aligns with the company’s broader objective of reducing its reliance on fossil fuels and minimizing its environmental impact.
wpd, established in 1996, is a leading global developer and operator of wind and solar farms. With projects in 31 countries and a portfolio exceeding 3,000 MW of installed capacity, wpd has been at the forefront of renewable energy development. The partnership between LyondellBasell and wpd exemplifies the growing importance of corporate investments in clean energy solutions to support industrial decarbonization.
Broader Implications for the Energy Transition
By integrating these renewable energy sources into its operations, LyondellBasell is not only reducing its own carbon emissions but also contributing to the overall stability and development of the renewable energy grid. These agreements support the expansion of wind energy infrastructure in Europe, strengthening the reliability of clean energy supply and advancing the region’s climate goals.
The chemical industry plays a significant role in global energy consumption, and companies like LyondellBasell are increasingly taking proactive steps to transition towards more sustainable operations. The adoption of renewable energy through PPAs is a critical component of the industry’s decarbonization strategy, helping to reduce dependence on fossil fuels while ensuring long-term economic and environmental benefits.
About LyondellBasell
LyondellBasell (NYSE: LYB) is a leading global chemical company focused on creating sustainable solutions for everyday life. Through advanced technology and strategic investments, the company is accelerating the transition to a circular and low-carbon economy. As one of the world’s largest producers of polymers and a pioneer in polyolefin technologies, LyondellBasell develops, manufactures, and markets high-quality, innovative products used in applications such as sustainable transportation, food safety, clean water, and healthcare.
About Vattenfall
Vattenfall is a European energy company with over 100 years of experience in electrification and renewable energy solutions. With a mission to achieve a fossil-free future, the company aims for net-zero emissions across its entire value chain by 2040. Vattenfall operates in Sweden, Germany, the Netherlands, Denmark, and the UK, serving around 14 million customers. Owned by the Swedish state, Vattenfall is committed to advancing sustainable energy solutions through innovation and collaboration.
About wpd
wpd is one of the world’s leading developers and operators of wind and solar farms. Since its establishment in 1996, the company has expanded its presence to 31 countries, focusing on the development, financing, construction, and operation of renewable energy projects. wpd currently manages a portfolio of over 3,000 MW in installed capacity and has an extensive project pipeline across Europe, Asia, North America, and South America. With expertise in Power Purchase Agreements (PPAs), wpd continues to play a pivotal role in advancing the adoption of clean energy worldwide.