MOL Group Launches Largest Green Hydrogen Plant in Central and Eastern Europe
Key Ideas
- MOL's 10 MW green hydrogen plant in Százhalombatta is the largest in Central and Eastern Europe, producing 1,600 tonnes of clean hydrogen annually.
- The plant will help reduce the Danube Refinery's carbon dioxide emissions by 25,000 tonnes per year, equivalent to the annual emissions of about 5400 cars.
- Plug Power's electrolysis equipment used in the plant ensures no polluting by-products are generated, producing pure oxygen alongside hydrogen.
- MOL Group plans to replicate similar green hydrogen plants in Bratislava and Rijeka, showing commitment to sustainability and green energy transition.
MOL Group has inaugurated a new 10 MW green hydrogen plant in Százhalombatta, Hungary, marking the largest of its kind in Central and Eastern Europe. The facility generates 1,600 tonnes of clean, carbon-neutral green hydrogen annually, significantly reducing the carbon dioxide emissions of the Danube Refinery by 25,000 tonnes per year. Utilizing Plug Power's electrolysis equipment powered by renewable sources, the plant produces pure hydrogen alongside oxygen without generating any polluting by-products. This initiative aligns with MOL Group's strategic vision to enhance sustainability, competitiveness, and self-sufficiency in the region. The EUR 22 million investment is a step towards decarbonizing MOL's operations, replacing natural gas-based processes and aiming for carbon neutrality by 2050. MOL Group's commitment to the green energy transition is reflected in its future plans to establish similar green hydrogen plants in Bratislava and Rijeka. The deployment of innovative technologies and sustainable practices underscores MOL's dedication to shaping a low-carbon, circular economy in Central and Eastern Europe.
Topics
Europe
Renewable Energy
Innovation
Sustainability
Energy Transition
European Market
Carbon Footprint Reduction
Production Plant
Corporate Strategy
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