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MOL has started production at the largest green hydrogen plant in Central and Eastern Europe, located at its Danube refinery near Budapest. The 10-MW capacity plant will produce 1,600 tonnes of carbon-neutral green hydrogen annually, which will be used in fuel production.
The green hydrogen plant in Szazhalombatta, built for €22mn by US-based Plug Power, utilises renewable electricity to split water into hydrogen and oxygen without producing harmful byproducts. The plant is expected to reduce the refinery's carbon-dioxide emissions by over 25,000 tonnes per year (tpy), the equivalent of the annual CO2 emissions of 5,400 cars. For every tonne of hydrogen produced, the plant also generates 8-9 tonnes of pure oxygen.
Green hydrogen production aligns with MOL's broader strategy to make the transition towards a more sustainable operation, meeting its Shape Tomorrow 2030+ strategy to diversify away from fossil fuels. Under the scheme, MOL has set out to spend $4bn+ organic capex on low-carbon and sustainable business projects until 2030.
Hungary’s leading oil and gas company plans to build similar plants in Bratislava and Rijeka by 2026.
MOL's Danube Refinery has a capacity of 165,000 barrels per day (bpd) of oil. With an annual capacity of 8.1mn tonnes, it is one of the biggest refineries in the region.
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