MOL Group has launched the largest green hydrogen factory in Central and Eastern Europe
MOL Group, an international fuel company operating independently and listed on stock exchanges, recently inaugurated a significant green hydrogen production facility in Hungary.
Green hydrogen factory with a capacity of 10 MW
In our country, MOL Hungarian Oil and Gas Public Limited Company is mainly recognized for rebranding gas stations formerly under the Lotos brand. However, in early April, the company revealed its latest venture: a green hydrogen plant in Százhalombatta along the Danube. The investment totaled EUR 22 million, with a primary focus on sustainable fuel production. According to the company’s announcement, the plant aims to produce 1.6 thousand tons of hydrogen annually, consequently decreasing CO2 emissions from the Danube Refinery by 25 thousand tons.
The electrolyzers were supplied by Plug Power
The new technology aims to gradually replace the emission-heavy production process reliant on natural gas. Supplied by Plug Power, the electrolysis plant utilizes electricity from renewable sources to split water into hydrogen and oxygen. Consequently, the entire technological process is devoid of polluting by-products. Additionally, it yields 8-9 tons of pure oxygen per ton of hydrogen.
József Molnár, Managing Director of MOL Group, remarks, “With this technology, we can achieve emission reductions equivalent to removing approximately 5,500 cars from the roads overnight. Today, our new green hydrogen plant not only enhances MOL’s industrial operations but also paves the way for solutions across industries and hydrogen mobility in the future.”
Shape Tomorrow Strategy
The investment in Százhalombatta aligns with the MOL Group’s long-term development strategy, known as “Shape Tomorrow.” This strategy prioritizes the production of biomethane and green hydrogen, along with a notable emphasis on biocomponents and waste processing.
In line with European Union directives to transition away from fossil fuels, the MOL Group plans to allocate USD 1 billion towards waste processing, recycling, and chemical investments by 2030. Subsequent phases of the strategy involve the establishment of eco-friendly hydrogen plants in Rijeka and Bratislava.
Source: offshore-energy.biz