Hungarian MOL will produce green hydrogen using Plug electrolysers
MOL will use Plug’s 10 MW electrolysis unit powered by renewable energy to manufacture up to 1,600 tonnes of green hydrogen per year, which will be used in fuel production to reduce its carbon footprint.
Budapest-based fossil fuel and petrochemical producer MOL Group has partnered with Plug Power to build one of Europe’s largest capacity green hydrogen production facilities at the Danube Refinery in Százhalombatta, Hungary.
Using a 10 MW electrolysis unit from Plug Power, MOL’s €22 million facility will be able to produce 1,600 tonnes of clean, carbon-neutral green hydrogen per year, according to the announcement. It will save up to 25,000 tonnes of carbon dioxide per year by replacing the natural gas-based production process currently used, which accounts for one-sixth of the group’s CO2 emissions, the companies added.
Green hydrogen instead of fossil gas
Once operational in 2023, MOL will use green hydrogen instead of natural gas at its Danube refinery during fuel production and reduce the carbon output of production technology and end product, the press release reveals.
“We are convinced that hydrogen is not only one of the most important energy carriers of the energy transition already underway, but will also be a key enabler of the new carbon-neutral energy system,” said Gabriel Szabó, Executive Vice President. Downstream at MOL Group.
Plug has modular and scalable electrolyzers
Plug equipment uses electricity from a renewable source to split water into oxygen and hydrogen without any environmentally harmful by-products. By producing one ton of hydrogen, we also produce eight to nine tons of pure oxygen.
Plug, a New York-based turnkey hydrogen solutions provider, said its electrolysers are modular and scalable.
MOL aims to make its operations carbon neutral by 2050
“Green hydrogen addresses two critical issues facing humanity: climate change and energy independence. And our opportunities seem limitless to support the trend of attracting green hydrogen to more traditional industrial hydrogen markets around the world,” said Managing Director Andy Marsh.
MOL has committed to investing €1 billion in low-carbon circular economy solutions through 2025. The company aims to reduce the carbon footprint of its operations by 30% by 2030, direct 50% of its investments towards sustainable projects and achieve carbon neutrality. operations by 2050. The Croatian INA is a member of the MOL group.