Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
Finance

MOL inaugurates largest green hydrogen plant in CEE region

MOL Group has handed over a 10-megawatt capacity green hydrogen plant in Százhalombatta which is the largest in Central and Eastern Europe.

The 22 million euro investment makes fuel production more sustainable: the plant will reduce the Danube Refinery’s carbon dioxide emissions by 25, 000 tonnes. Overall, MOL will be able to produce 1,600 tonnes of clean, carbon-neutral green hydrogen per year which opens a new chapter in the hydrogen economy. The investment is in line with the MOL Group’s SHAPE TOMORROW corporate strategy to make the region more sustainable, competitive and self-sufficient.

“MOL Group has reached another milestone: we can now produce green hydrogen without producing any greenhouse gases,” said József Molnár, CEO of MOL Group, at the inauguration ceremony of the new green hydrogen plant. “Using this technology, we are able to achieve the same emissions reduction as if we took roughly 5,500 cars off the road overnight. Today, our new green hydrogen plant is only making MOL’s industrial operations greener, but tomorrow it will offer solutions for the whole industry and hydrogen mobility. After Száhalombatta, we will take the technology to the other two fuel production units of the group to make the fuel production process more sustainable at each of MOL Group’s refineries.”

The new technology will gradually replace the natural gas-based production process, which currently accounts for one-sixth of the MOL Group’s total carbon dioxide emissions. The plant will start producing in the second half of 2024: MOL will use the green hydrogen primarily in its own network for fuel production.

The Plug Power’s electrolysis equipment uses electricity from renewable sources to break down water into hydrogen and oxygen. This means that no polluting by-products are generated and, in fact, the plant produces 8-9 tonnes of pure oxygen per tonne of hydrogen. The US company has offered MOL an innovative and reliable technology: the hydrogen generators, optimised for the production of pure hydrogen, have almost 50 years of operational experience.

Read the full article here

Leave a Reply

Your email address will not be published. Required fields are marked *