Renewables

Hungarian MOL to produce green hydrogen using Plug electrolyzers

Hungarian-MOL-electrolyzers-green-hydrogen-Plug

Photo: iStock

Published

April 28, 2022

Country

Comments

comments icon

0

Share

Published:

April 28, 2022

Country:

Comments:

comments icon

0

Share

MOL will use Plug’s 10 MW electrolysis unit powered by renewables to make up to 1,600 tons of green hydrogen per year, which will be utilized in fuel production to lower its carbon footprint.

Budapest-based fossil fuel and petrochemicals producer MOL Group has teamed up with Plug Power to build one of Europe’s largest-capacity green hydrogen production facilities at the Danube Refinery in Százhalombatta, Hungary.

Utilizing a 10 MW electrolysis unit from Plug Power, MOL’s EUR 22 million facility will be able to produce 1,600 tons of clean, carbon-neutral green hydrogen annually, according to the announcement. It will save up to 25,000 tons of carbon dioxide per year by displacing the currently used natural gas-based production process, which accounts for one sixth of the group’s CO2 emissions, the companies added.

Green hydrogen instead of fossil gas

Once operational in 2023, MOL will use the green hydrogen instead of natural gas in its Danube Refinery during fuel production and lower the carbon output from the production technology and the final product, the press release reveals.

“We are convinced that hydrogen is not only one of the most important energy carriers of the already ongoing energy transition, but it will be an essential factor in the new, carbon-neutral energy system as well,” said Gabriel Szabó, Executive Vice President of Downstream at MOL Group.

Plug has modular, scalable electrolyzers

The Plug equipment uses electricity from a renewable source to split water into oxygen and hydrogen without any by-products that harm the environment. By producing one ton of hydrogen, eight to nine tons of pure oxygen is also produced.

Plug, a provider of turnkey hydrogen solutions based in New York, said its electrolyzers are modular and scalable.

MOL aims to make its operations carbon neutral by 2050

“Green hydrogen addresses two critical issues facing humanity: climate change and energy independence. And our opportunities seem limitless to support the trend to pull green hydrogen into more traditional industrial hydrogen markets throughout the world,” Chief Executive Officer Andy Marsh stated.

MOL has vowed to invest EUR 1 billion in low-carbon circular economy solutions through 2025. The company aims to reduce the carbon footprint of its operations by 30% by 2030, direct 50% of its investment into sustainable projects, and achieve carbon-neutral operations by 2050. Croatian INA is a member of MOL Group.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Terna Energy pumped storage wind power hybrid Amari Crete

Terna Energy to make pumped storage, wind power hybrid in Amari in Crete

25 April 2025 - Greek company Terna Energy, recently acquired by Masdar, made a step forward in its Amari hybrid power plant project in Crete

MORE 43 2 MW wind park northern Greece regular operation

MORE puts 43.2 MW wind park in northern Greece into regular operation

24 April 2025 - Motor Oil Renewable Energy (MORE) received the operating license for its 43.2 MW wind power plant near the border with North Macedonia

croatia zagreb solar public buildings tomasevic

Zagreb on track to reach almost 20 MW of solar on public buildings

24 April 2025 - In 2021, Croatia's capital presented the Sunny Roofs program for the installation of photovoltaic plants with a combined capacity of 50 MW

Constitutional Court Bulgaria exemptions renewables agricultural land

Constitutional Court of Bulgaria annuls exemptions for renewables on agricultural land

24 April 2025 - Investors in agrivoltaics and other renewables on agricultural land face higher expenses and longer procedures as exemptions were scrapped