The first plants will be built in Norway, Germany and Belgium over the next 10 years, with others planned in the UK and France, the company said in a statement that did not specify the total duration of the investment.It said it intended to work closely with governments within the European Union, which has made hydrogen a key part of its plan to eliminate greenhouse gas emissions by 2050.
The EU plans to install capacity of 40GW of electrolysers - equipment to produce emissions-free hydrogen using water and renewable power - this decade, up from less than 0.1GW currently.
Last month, INEOS said it would convert its Scottish petrochemicals plant and oil refinery at Grangemouth to run on hydrogen at a cost of more than 1 billion pounds ($1.4 billion) to make it net zero for carbon emissions by 2045.
