Hungary's Mol to produce green H2 at Danube refinery

Image source: @PlugPowerInc (Twitter)

April 27 (Renewables Now) - Hungarian oil-and-gas group Mol Plc (BPSE:MOL) has teamed up with US hydrogen solutions specialist Plug Power Inc (NASDAQ:PLUG) to build a EUR-22-million (USD 23.2m) green hydrogen production facility at its Danube refinery in Szazhalombatta, Hungary.

In a joint statement today, the partners said that the new facility will use Plug Power’s 10-MW electrolysis unit, resulting in an output of around 1,600 tonnes of green hydrogen per year. Mol will use the hydrogen at its Danube refinery to produce fuels, and displace grey hydrogen it currently uses. At present, natural gas-based hydrogen production represents one-sixth of the Mol group’s carbon dioxide emissions, according to the statement.

The new green hydrogen facility is expected to start operation in 2023.

Green hydrogen production is in line with Mol’s sustainability strategy, which includes goals such as a 30% lower carbon footprint by 2030, and carbon-neutral operations by 2050.

(EUR 1.0 = USD 1.056)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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