Hungary’s MOL launches 10-MW hydrogen facility delivered by Plug

Hungarian oil and gas company MOL Group has held an inauguration ceremony for a 10-MW green hydrogen plant aimed at reducing the carbon footprint of its Danube Refinery in Szazhalombatta, Hungary.

The electrolysis unit, delivered by US hydrogen solutions specialist Plug Power Inc (NASDAQ:PLUG), will start production in the second half of 2024. Powered by renewable electricity, it will be capable of generating 1,600 tonnes of green hydrogen per year which will be mainly used in MOL’s own network for fuel production.

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MOL said that the new technology will gradually replace natural gas-based production, which currently is responsible for one sixth of the group's carbon dioxide emissions.

The project represents a EUR-22-million investment, in line with MOL’s Shape Tomorrow strategy. According to the announcement, the green hydrogen production facility is the largest in the Central and Eastern European region.

"After Szahalombatta, we will take the technology to the other two fuel production units of the group to make the fuel production process more sustainable at each of MOL Group's refineries," MOL Group CEO Jozsef Molnar said on Thursday. The plans extend to MOL’s refineries in Rijeka, Croatia and Bratislava, Slovakia.

“We are thrilled to celebrate, in partnership with MOL, the inauguration of one of Europe's largest green hydrogen plants supporting a refinery," commented Plug CEO Andy Marsh.