MOL Group, a central European integrated oil, gas, petrochemicals, and consumer retail company, has teamed up with US-headed Plug Power Inc., a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, to build one of Europe’s larger-capacity green hydrogen production facilities at MOL’s Danube Refinery in Százhalombatta, Hungary.
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According to a statement, a 10 MW electrolysis unit from Plug Power will be installed at MOL’s Danube Refinery in Százhalombatta, Hungary.
Green hydrogen will reduce the carbon footprint of the Danube Refinery operation and enable emission-free mobility in the longer term.
According to Plug Power, with nearly 50 years of operational experience in applications demanding high reliability, are modular, scalable hydrogen generators optimized for clean hydrogen production.
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, said Andy Marsh, CEO of Plug Power.
Displace fossil gas
The EUR 22 million investment will be able to produce approximately 1 600 tonnes of carbon-neutral, green hydrogen annually, removing up to 25 000 tonnes of carbon dioxide (CO2) by displacing the currently used natural gas-based production process.
As this process represents one-sixth of the CO2 emissions of MOL Group, this investment supports MOL’s carbon neutrality goals and will contribute to energy independence for the region.
Once operational in 2023, MOL will use the green hydrogen in its Danube Refinery during fuel production of its own hydrogen system.
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, EVP of Downstream at MOL Group.
Reduce carbon intensity of fuels
Green hydrogen will be incorporated into the molecules of MOL fuels, lowering the carbon outputs from the production technology and the final product.
The green hydrogen will reduce the carbon footprint of the Danube Refinery operation and enable emission-free mobility in the longer term.
The production of green hydrogen does not generate any greenhouse gas (GHG) emissions. The equipment uses renewable electricity to split water into oxygen and hydrogen gas by electrolysis.
This process does not produce any by-products that harm the environment. By producing one ton of hydrogen, eight-to-nine tonnes of pure oxygen is also produced by the equipment, saving nearly 10 000 tonnes of natural gas consumption in the process.
We are pleased to provide our state-of-the-art electrolyzer technology to MOL Group’s Danube Refinery and enable MOL Group to take a big step forward in addressing these issues for the region, said Andy Marsh.
Aligned with European Green Deal
According to MOL Group, 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 EUR 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.
This new technology allows the introduction of green hydrogen production in Hungary, Százhalombatta, which makes MOL Group one of the most important players in the sustainable energy economy in the region, ended Gabriel Szabó.
