Hungarian Refiner MOL Group's Green Hydrogen Production Plans
Key Ideas
  • Hungarian refiner MOL Group is planning to deploy 100MW of electrolyser capacity by 2030 for green hydrogen production.
  • The company aims to decarbonize its operations and provide clean fuels to the mobility market.
  • MOL Group will start with pilot production plants in Hungary, Croatia, and Slovakia to gain operational experience before the larger investment.
  • The vice-president of new and sustainable businesses sees green hydrogen as an important technology for future energy needs.
Hungarian refiner MOL Group, known for its oil and gas activities, is venturing into the green hydrogen sector with ambitious plans. The company is looking to establish at least 100MW of electrolyser capacity by 2030 to produce green hydrogen at an industrial scale. This move is part of MOL's strategy to decarbonize its operations and supply clean fuels to the mobility market. To ensure a successful transition, MOL will first set up pilot production plants at its refineries in Hungary, Croatia, and Slovakia. These initial projects will serve as learning experiences for the company before it makes the larger investment. Adam Horvath, the vice-president of new and sustainable businesses at MOL, emphasizes the significance of green hydrogen in decarbonization efforts and envisions it playing a vital role in the future energy landscape. The company's proactive approach to adopting green hydrogen showcases a commitment to sustainable practices and a forward-looking mindset.
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