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MOL Inaugurates EUR 22 mln Green Hydrogen Plant

Green Energy

Image by MTI/Zsolt Szigetváry

Hungarian oil and gas company MOL inaugurated a EUR 22 million green hydrogen plant at its refinery in Százhalombatta, on the outskirts of the capital, on Thursday, according to a report by state news wire MTI.

The 10 MW capacity plant will cut CO2 emissions of the Danube Refinery by 25,000 tonnes.

MOL Group CEO Jozsef Molnár said the green hydrogen technology would be brought to the group's other two refineries, too.

The green hydrogen plant in Szazhalombatta was supplied by U.S.-based Plug Power. MOL said the development was "an important step" in its Shape Tomorrow 2030+ strategy to diversify away from fossil fuels.

Speaking at the inauguration, Energy Affairs Minister Csaba Lantos stressed the importance of availing of all available technologies in the effort to achieve energy sovereignty.

MOL's Danube Refinery has a capacity of 165,000 barrels of oil a day. With an annual capacity of 8.1 mln tonnes, it is one of the biggest refineries in the region.

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