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MOL opens green hydrogen plant in Hungary

Joshua Falcón.

April 15, 2024

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With an investment of 22 million euros, the MOL Group has inaugurated the largest green hydrogen plant in Central and Eastern Europe. This year, the plant located in Száhalombatta, near Budapest, Hungary.

Green hydrogen plant capacity

The 10 MW plant has the capacity to generate 1,600 tons of green hydrogen annually. This development strengthens Hungary’s energy infrastructure and contributes to the reduction of fuel dependence and pollution.

Through Plug Power’s electrolyzers, MOL aims to partially replace the use of natural gas at its Danube refinery, thereby reducing carbon emissions. carbon emissions emissions by approximately 25,000 tons each year. In addition, Plug Power has equipped the plant with advanced generators to maximize efficiency in the production of pure hydrogen.

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According to József Molnár, CEO of MOL Group, “the plant not only improves our industrial operations, making them greener today, but also aims to offer long-term sustainable solutions for industry and hydrogen-based mobility inthe future.”

The inter-corporate agreement

The initial agreement between MOL and Plug to build the plant was finalized in 2022, and although it was scheduled to start production in 2023, it was delayed. Now, with the plant in operation, this collaboration is expected to promote the transition to carbon neutrality and boost the hydrogen economy in Europe.

Andy Marsh, CEO of Plug, expressed his enthusiasm for the project: “Together we are taking firm steps towards carbon neutrality and promoting greener practices to drive the hydrogen economy forward”.

In Europe, similar efforts are underway, such as the construction of the Lhyfe green hydrogen plant in Germany, with a daily production capacity of four tons of hydrogen and scheduled to start operations in the second half of the year.

In contrast, SSE Renewables and Equinor recently cancelled plans for one of the largest hydrogen production facilities in the UK, demonstrating the varied trajectories of hydrogen development in Europe.

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Source: MOL

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