What is the core commercial agreement between Ineos and H2BE, and where will the hydrogen be delivered?

Ineos and H2BE — a joint venture between ENGIE and Equinor — have agreed to preliminary commercial terms for low-carbon hydrogen offtake in Belgium to supply Ineos’ Project ONE steam cracker; the hydrogen will be produced by H2BE in Ghent and delivered to Ineos via the largely constructed Fluxys hydrogen pipeline connecting Ghent to Antwerp.

What are the key technical and environmental specifications of the H2BE project, including capacity, production method, CO₂ capture rate, and investment scale?

The 1 GW H2BE project aims to produce 210,000 metric tons/year of hydrogen using CCS-enabled autothermal methane reforming, with a CO₂ capture rate above 95% and a capital expenditure of about €1.5 billion.

Ineos signs provisional offtake for H2BE Belgian blue hydrogen project

Jul 7, 2026

Ineos secured preliminary terms for low-carbon hydrogen supply from H2BE’s Belgian blue hydrogen project to its Project ONE steam cracker. Backed by EU and Flemish authorities, the 1 GW initiative supports a broader carbon capture and storage hub.

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Ineos signs provisional offtake for H2BE Belgian blue hydrogen project

Ineos signs provisional offtake for H2BE Belgian blue hydrogen project

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