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
Neste makes Singapore’s first marine sector renewable diesel delivery
Potential hazards of extremely alarming developments in marine ecosystem: Report
SK Energy exports SAF to Europe
Government allows sale of FCI rice to distilleries for ethanol production
ISPRL seeks private firms to build 2.5 mn tonnes petroleum reserve
Ane Maersk powers up with green methanol in Shanghai
GEMA requests government to issue surplus FCI rice to grain ethanol industry
Nayara Energy to expand retail network by adding a fuel station per day