diff --git a/pyodide/setup.py b/pyodide/setup.py
index 477fe2be91..b310a96b6c 100644
--- a/pyodide/setup.py
+++ b/pyodide/setup.py
@@ -1,11 +1,34 @@
 # setup.py is getting deprecated, but we still use it,
 # because `tool.setuptools.ext-modules` is still experimental in pyproject.toml
 # and we need it to get the wheel suffix right.
-from setuptools import setup, Extension, find_packages
+import os
+from pathlib import Path
+
+import tomllib
+from setuptools import Extension, setup
+
+
+REPO_FOLDER = Path(__file__).parent
+
+
+def get_version() -> str:
+    if "PKG_VERSION" in os.environ:
+        # Inside pyodide build environment.
+        return os.environ["PKG_VERSION"]
+    return (REPO_FOLDER / "VERSION").read_text().strip()
+
+
+# Read dependencies from pyproject.toml
+def get_dependencies() -> list[str]:
+    pyproject_toml = REPO_FOLDER / "src" / "ifcopenshell-python" / "pyproject.toml"
+    pyproject_data = tomllib.loads(pyproject_toml.read_text())
+    dependencies = pyproject_data["project"]["dependencies"]
+    return dependencies
+
 
 setup(
     name="ifcopenshell",
-    version="0.8.0",
+    version=get_version(),
     description=(
         "IfcOpenShell is an open source (LGPL) software library "
         "for working with the Industry Foundation Classes (IFC) file format."
@@ -13,6 +36,7 @@ setup(
     author="Thomas Krijnen",
     author_email="thomas@aecgeeks.com",
     url="https://ifcopenshell.org",
+    install_requires=get_dependencies(),
     packages=["ifcopenshell"],
     package_data={
         # "*.so" is needed to include prebuilt binary extension. Otherwise it would try to build it and fail.