Borealis to Power its Stenungsund Plant with Wind-Generated Electricity, Signs Major PPA with Stena Renewable

Stena Renewable’s wind farm at Kronoberget will produce and transmit electricity to Borealis’ plant 250 km away in Stenungsund

The Kronoberget wind farm in Sweden. Credit: Stena Renewable

Borealis, a chemicals manufacturer and plastic recycling firm based in Austria has signed a PPA with Gasum, a Finnish company producing natural gas and Stena Renewable, a Swedish wind farm operator. The agreement will see Borealis using electricity produced by Stena Renewable’s new Kronoberget wind farm to power its operations 250 km away at Stenungsund, Sweden for the next decade. The Kronoberget wind farm has 16 wind turbines of 3.8 MW which generate an approximate output of 200GWh annually.

This is the fourth PPA that Borealis has signed over the past few years. Last year, the company had signed major PPAs with Ilmatar Energy and Eneco to source renewable energy. However, this PPA is their largest to date, enabling the company to make significant strides in its mission to source half of its energy from renewables by 2030. This PPA alone will reduce Borealis’ indirect carbon dioxide emissions at Stenungsund by 10,000 tonnes every year.

Martijn Van Koten, Borealis Executive Vice President, Base Chemicals and Operations, said: “Borealis is determined to reach ambitious goals set in our focus area of Energy & Climate. Thanks to the long-term PPA with Gasum and Stena Renewable, sourcing 50% of the energy consumed in our operations from renewable sources by 2030 has now become even more tangible. We are pleased to have signed yet another PPA that allows us to maintain competitiveness in the marketplace while bringing about a carbon-neutral future.”

Stena Renewable has expertise in building and operating wind farms and currently manages 115 wind turbines spread across Sweden. The company’s mission is to inject 500GW of electricity produced by wind energy into Sweden’s national grid each year. Peter Zachrisson, CEO of Stena Renewable, said: “It has long been our goal to sign a PPA of this kind with a major industrial player like Borealis. We are delighted and impressed by the long-term commitment Borealis has made to reduce its carbon footprint. This agreement ensures that Borealis will have access to clean and cost-efficient energy for its Stenungsund operations for a lengthy time period.”