The Upheat-INES project wants to develop a very high temperature heat pump (VHT-HP) technology to upgrade low-grade waste heat (50°C-100°C) to mid-grade waste heat (150°-200°) that can be valorized and used within (petro)chemical processes or in other downstream energy intensive clusters. In a realistic scenario, the valorisation trajectory is of relevance for 2623 GWh of heat demand, with chemistry, refineries and food being responsible for 41% of this potential.  The project teams envisages  a baseline reduction potential of 264 940 ton CO2eq annually, equivalent to an annual omitted CO2 cost of 6.09 mio € (EU-ETS).