Hungarian oil and gas company MOL announced plans to build a EUR 22 million ($23.14 million) green hydrogen plant at its refinery in Százhalombatta, south of the capital.
The hydrogen plant, fuelled with electricity produced from renewable resources, will turn out 1,600 tonnes of hydrogen a year, making it one of Europe’s biggest green hydrogen production facilities. It will reduce MOL’s CO2 emissions by 25,000 tonnes.
The company will use US company Plug Power’s technology at the plant which will start operating in 2023.
MOL is spending USD 1 billion by 2025 on new, low-carbon sustainable projects that will make it a key player in the region’s circular economy.
Tags: CO2, Green Hydrogen, Hungary, MOL, Plug Power
Recent Posts
Gail and AM Green signs Memorandum of Understanding for Jointly Developing Renewable Energy
Wärtsilä, Chevron Shipping partner to lower methane emissions on LNG
Global energy demand to grow 24%: OPEC
Odisha gets investments for ethanol and compressed biogas projects
Envirotainer completes integration of va-Q-tec’s pharma business, advancing the future of pharma cold chain
DNV awards type approval design certification to Hanwha Ocean
Amogy sails world’s first carbon-free ammonia powered maritime vessel
BIO-UV Group to supply BIO-SEA ballast water treatment tech to Piriou Group