- MOL's €22 million facility will produce 1,600 tons of green hydrogen annually.
- The plant will reduce 25,000 tons of CO2 by displacing natural gas-based production.
- Operational in 2023, it will use a 10 MW electrolysis unit from Plug Power.
- MOL aims for carbon-neutral operations by 2050 with a €1 billion investment in sustainability.
Project Overview
MOL Group is partnering with Plug Power Inc. to construct one of Europe’s largest green hydrogen production facilities at the Danube Refinery in Százhalombatta, Hungary. The facility will utilize a 10-megawatt electrolysis unit from Plug Power to produce approximately 1,600 tons of green hydrogen annually, significantly reducing the refinery's carbon footprint.
Environmental Impact
The green hydrogen production will displace the current natural gas-based process, removing up to 25,000 tons of carbon dioxide emissions. This initiative supports MOL’s carbon neutrality goals and contributes to the region's energy independence.
Operational Timeline
The facility is scheduled to be operational in 2023. The green hydrogen produced will be used in MOL’s Danube Refinery during fuel production, integrating into the molecules of MOL fuels to lower carbon outputs from both the production technology and the final product.
Strategic Goals
Green hydrogen production is a key component of MOL’s SHAPE TOMORROW strategy, which aligns with the European Green Deal. MOL plans to invest €1 billion into the low carbon circular economy by 2025, aiming to reduce its carbon footprint by 30 percent by 2030 and achieve carbon-neutral operations by 2050.
