BAKU, Azerbaijan, April 27. Hungarian MOL Group and Plug Power Inc. will build one of Europe’s largest-capacity green hydrogen production facilities, Trend reports with reference to the company.
The €22 million plant will be located at MOL’s Danube Refinery in Százhalombatta, Hungary.
The facility will be able to produce approximately 1,600 tons of clean, carbon-neutral, green hydrogen annually, removing up to 25,000 tons of carbon dioxide by displacing the currently used natural gas-based production process. Once operational in 2023, MOL will use the green hydrogen in its Danube Refinery during fuel production of its own hydrogen system. It will be incorporated into the molecules of MOL fuels, lowering the carbon outputs from the production technology and the final product.
Green hydrogen production is an integral part of MOL’s updated SHAPE TOMORROW strategy, which focuses on sustainability and is completely harmonized with The European Green Deal. Within the framework of its strategy, the company will make a total investment of €1 billion into the low carbon circular economy through 2025. MOL will reduce the carbon footprint of its operations by 30 percent by 2030 and will spend 50 percent of investment expenditures on sustainable projects. MOL aims to implement a carbon-neutral operation by 2050.
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