1. MOL Group is set to begin commercial operation of a 10-MW green hydrogen production plant in Százhalombatta, Hungary.
2. The plant will produce 1,600 tonnes of hydrogen annually using electricity from renewable energy resources.
3. Utilizing the new plant will reduce the refinery’s emissions of carbon dioxide (CO2) by 25,000 tonnes each year.
MOL Group, a Hungarian company, is set to begin commercial operation of a 10-MW green hydrogen production plant in Százhalombatta, Hungary. The plant, representing an investment of €22 million, will produce 1,600 tonnes of hydrogen annually using renewable energy. This is part of the company’s sustainability program, SHAPE TOMORROW, aiming for carbon neutrality. The CEO, József Molnár, highlighted the significance of the plant in reducing greenhouse gas emissions and its potential to offer solutions for the entire industry and hydrogen mobility.
The plant, using Plug Power’s electrolysis technology, will replace the natural gas-based production process at the refinery, reducing CO2 emissions by 25,000 tonnes per year. The technology produces pure oxygen as a by-product without generating polluting by-products. The plant is expected to start producing hydrogen in the second half of 2024, primarily for MOL Group’s fuel production network. The partnership with Plug Power aims to advance carbon neutrality, promote greener operations, and support the growth of the hydrogen economy in Europe.