LyondellBasell signs renewable electricity PPAs in Europe, U.S.

LyondellBasell announced it has signed the first two European renewable electricity power purchase agreements and two additional PPAs in the United States. The combined additional contracts represent a total of approximately 560 megawatts of renewable energy capacity. LyondellBasell has now signed eight PPA agreements and achieved over half of its 2030 target to procure a minimum of 50% of global electricity from renewable sources. These PPAs will generate over 2.6M megawatt hours of renewable electricity annually and reduce LyondellBasell’s scope 2 emissions by nearly 1M metric tons of carbon emissions, equivalent to the emissions associated with the annual electricity consumption of more than 370,000 homes.