Greek utility PPC SA (ATH:PPC) and domestic petroleum refiner Motor Oil Hellas (FRA:MHZ) are exploring options for a green hydrogen production hub in Greece’s Western Macedonia region, Energypress reports, quoting unnamed sources.
The two companies, which in February formalised their joint venture dedicated to renewable hydrogen, have visited the northwestern Greek region in order to assess the possibility of investing there. Executives of the firms have allegedly discussed the potential installation of an electrolyser as part of an initiative that could create a large-scale hydrogen complex.
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According to the report, the project is still at an early stage. If carried out, the produced hydrogen could be used by PPC for district heating in Western Macedonia or by National Natural Gas System Operator (DESFA) for injection into the gas pipeline. Another potential use would be for powering heavy-duty vehicles.
Hellenic Hydrogen, the JV between PPC and Motor Oil, will focus on the development and execution of projects targeting to produce and store green hydrogen across Greece. Motor Oil is controlling 51% of the business with a 51% stake in the company.