Motor Oil Refineries, a leading player in the Greek petroleum industry, recently approved a substantial dividend distribution of 199.4 million euros to its shareholders, indicating financial success. In a strategic move towards sustainability, the company announced a partnership with PPC Greece, focusing on green hydrogen initiatives. This alliance with Greece's largest electric power company opens up significant avenues for development in renewable energy. The company's Vice President and CEO emphasized the importance of green hydrogen for the future and highlighted the cost factor in decision-making. Additionally, Motor Oil's involvement in renewable energy sources through its subsidiary, 'MORE', with a substantial wind power portfolio, reflects its dedication to innovation and environmental responsibility. The joint venture with 'Alive Renewable Holding Limited' further underscores the company's commitment to expanding its presence in the renewable energy sector. Overall, Motor Oil's strategic decisions signal a positive shift towards sustainable practices and a promising future in the energy industry.