tiprankstipranks
LyondellBasell signs two significant power purchase agreements in Europe
The Fly

LyondellBasell signs two significant power purchase agreements in Europe

LyondellBasell (LYB) announced the signing of two significant power purchase agreements in Europe, further supporting its commitment to reduce greenhouse gas emissions. The PPAs offer LYB long-term price certainty, which helps stabilize energy costs and make renewable energy more attractive compared to fluctuating fossil fuel prices. Under the 15-year agreement with Vattenfall, LYB will secure 450 gigawatt-hours annually of offshore wind energy to support LYB’s circular and low-carbon solutions in Germany, including powering the company’s MoReTec-1 plant in Wesseling.

Invest with Confidence:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App