Ineos on Monday introduced a $2.3 billion funding in what the British chemical firm calls inexperienced hydrogen manufacturing, whereas additionally unveiling a prototype fuel-cell model of its deliberate Grenadier SUV.
The funding will fund hydrogen crops in Norway, Germany, Belgium, and the U.Ok. for use to supply hydrogen by means of electrolysis. The corporate already operates some electrolysis crops by means of its subsidiary Inovyn, and claims to be the most important operator of such crops in Europe.
One other part of the funding is a 100-MW electrolyzer in Cologne, Germany, that may produce hydrogen supposed for inexperienced ammonia manufacturing. Use of inexperienced ammonia might cut back international greenhouse-gas emissions by nearly 1% per yr, Ineos stated.
2022 Ineos Grenadier
The fuel-cell Grenadier prototype makes use of Hyundai powertrain know-how. The 2 corporations signed a memorandum of understanding in 2020 to collaborate on fuel-cell tasks. Whereas Ineos has solely proven the one prototype thus far, a manufacturing model is now anticipated round 2024 .
Impressed by the unique Land Rover Defender, the Grenadier is scheduled to launch in the US in 2023. To maintain issues easy, Ineos plans only one powertrain for the U.S., a 3.0-liter turbocharged inline-6 sourced from BMW. It will likely be coupled to an 8-speed computerized transmission and a four-wheel-drive system with a two-speed switch case. A diesel will likely be supplied in different markets.
Ineos has indicated U.S. pricing will fall someplace between mainstream off-roaders just like the Ford Bronco and Jeep Wrangler and the extra luxurious Mercedes-Benz G-Class. The Grenadier will likely be built at the former Smart factory in Hambach, France. Ineos has additionally introduced in automotive provider Magna to assist with improvement.
