![Buckeye Partners, Crown and Sol solar projects](/sites/default/files/styles/hart_news_article_image_640/public/image/2022/07/lyb-buckeye-partners-project.jpg?itok=26rTT9Po)
Construction activities are ongoing at the Buckeye Crown and Sol projects with material staging and module tracking system installation underway. (Source: LyondellBasell)
LyondellBasell Industries signed two 15-year renewable electricity power purchase agreements (PPA) with Buckeye Partners to receive 165 MW of power from Buckeye's solar farms in northern Texas, according to a press release on July 28.
Buckeye's Crown and Sol solar farms are currently under construction in Falls County, Texas, expected to commence commercial operations in third quarter 2023. The combined projects are anticipated to produce 400,000 MWh of clean power for LyondellBasell annually.
![Buckeye Partners, Crown and Sol solar projects](/sites/default/files/inline-images/LYB_Buckeye_Partners_Project2.jpg)
The partnership is part of LyondellBasell's goal to obtain at least half of its current electricity consumption from renewable sources by 2030, which would be approximately 5 million MWh a year., as well as its goal to achieve net-zero emissions by 2050.
This agreement is the company's fourth renewable energy PPA following an agreement with ENGIE North America and another agreement with Buckeye last month. LyondellBasell has acquired a total of 381 MW of renewable energy so far from the combined PPAs and is expected to be able to generate approximately 1.037 million MWh of clean power per year.
"Renewable energy is an important step to achieving our GHG [greenhouse-gas] emission reduction goals on our journey to net-zero by 2050," LyondellBasell CEO Peter Vanacker commented in the release. "Through their use in the production of wind turbines, solar panels and electric vehicles, our products are critical to the energy transition.
"Expanding our investment in wind and solar energy sources helps reduce the emissions associated with producing the vital products which make renewable energy possible."
Recommended Reading
STRYDE Provides Seismic Survey Solutions Globally
2024-07-25 - Companies across various sectors look to use STRYDE’s conventional and in-field processing services for 2D and 3D seismic surveys.
Drowning in Produced Water: E&Ps Seek Economic Ways to Handle Water Surge
2024-07-01 - Strained disposal limits push beneficial reuse to the forefront for produced water management.
International, Tech Drive NOV’s 2Q Growth Amid US E&P Headwinds
2024-07-29 - Despite a U.S. drilling slowdown, slightly offset by Permian Basin activity, NOV saw overall second-quarter revenue grow by 6%, although second-half 2024 challenges remain in North America.
E&P Highlights: June 10, 2024
2024-06-10 - Here’s a roundup of the latest E&P headlines, including a decline in global drilling activity and new contract awards.
Cracking the Fracking Code: Efficient Approaches to Optimize Wellbores
2024-06-30 - Technology and process innovations improve operational efficiencies even as companies scramble for greener fracking solutions.