MOL, Hungary's prominent oil and gas company, has commenced operations at the largest green hydrogen plant in Central and Eastern Europe situated at its Danube refinery near Budapest. This 10-MW capacity plant, constructed at a cost of €22mn by US-based Plug Power, is designed to deliver 1,600 tonnes of carbon-neutral green hydrogen annually for fuel production purposes. By utilizing renewable electricity to split water into hydrogen and oxygen, the plant achieves eco-friendly hydrogen production without generating harmful byproducts. Notably, the plant's operation is anticipated to slash the refinery's carbon-dioxide emissions by more than 25,000 tonnes yearly, equivalent to the CO2 emissions of 5,400 cars annually. Additionally, for each tonne of hydrogen manufactured, the plant also yields 8-9 tonnes of pure oxygen, showcasing a dual environmental benefit. This green hydrogen initiative mirrors MOL's overarching strategy to pursue sustainability and shift away from fossil fuels under its Shape Tomorrow 2030+ scheme, which involves investing over $4bn in low-carbon and sustainable projects by 2030. Looking forward, MOL intends to replicate this success by establishing similar green hydrogen plants in Bratislava and Rijeka by 2026. The Danube Refinery, where the plant is located, boasts a substantial capacity of 165,000 barrels per day and plays a significant role as one of the region's largest refineries with an annual capacity of 8.1mn tonnes.