LyondellBasell, a global chemical company, has fortified its commitment to clean energy by finalizing two significant Power Purchase Agreements (PPA) in the United States.
The latest PPAs have enabled LyondellBasell to reach its total procurement of renewable electricity to 1,366 megawatts (MW), representing 89 percent of its targeted goal to procure at least 50 percent of its electricity from renewable sources.
Chris Cain, Senior Vice President for Net Zero Transition Strategy at LyondellBasell, highlighted the significance of these agreements, stating, “These two new agreements help us accelerate the development of clean energy and shift to the use of low-carbon energy at our sites.”
The first long-term PPA involves securing 125 MW of renewable electricity from TotalEnergies’ Brazoria Solar project situated in Brazoria County, Texas. This 15-year agreement is poised to generate approximately 300,000 megawatt-hours (MWh) of solar power annually, equating to the annual electricity consumption of over 28,000 American households. The Brazoria Solar project is slated to commence operations by the end of 2025, marking LyondellBasell’s second PPA with TotalEnergies.
Vincent Stoquart, Senior Vice President of Renewables at TotalEnergies, underscored the significance of this agreement, stating, “The signing of this new upside sharing PPA in the U.S. is consistent with our strategy of merchant exposure and will contribute to the objective of profitable growth for our Integrated Power business.”
Additionally, LyondellBasell entered another long-term PPA with Industrial Sun, securing 50 MW of renewable electricity from Industrial Sun’s Industrial Bravo solar project in Matagorda County, Texas. This power supply will cater to the LyondellBasell Matagorda Complex, which manufactures high-density polyethylene (HDPE) plastic resins used in various consumer products. Operations for the Industrial Bravo solar project are anticipated to commence in the first half of 2026.
With a target to procure at least 50 percent of electricity from renewable sources by 2030, based on 2020 levels, LyondellBasell aims to reduce approximately 15 percent of its 2020 baseline scope 1 and 2 greenhouse gas emissions originating from its electricity consumption. Emphasizing the role of renewable electricity in achieving its net zero scope 1 and 2 emissions by 2050, the company reinforces its commitment to a sustainable energy transition.