Hungary’s Mol to provide inexperienced H2 at Danube refinery

April 27 (Renewables Now) – Hungarian oil-and-gas group Mol Plc (BPSE:MOL) has teamed up with US hydrogen options specialist Plug Energy Inc (NASDAQ:PLUG) to construct a EUR-22-million (USD 23.2m) inexperienced hydrogen manufacturing facility at its Danube refinery in Szazhalombatta, Hungary.

In a joint assertion as we speak, the companions stated that the brand new facility will use Plug Energy’s 10-MW electrolysis unit, leading to an output of round 1,600 tonnes of inexperienced hydrogen per yr. Mol will use the hydrogen at its Danube refinery to provide fuels, and displace gray hydrogen it at the moment makes use of. At current, pure gas-based hydrogen manufacturing represents one-sixth of the Mol group’s carbon dioxide emissions, based on the assertion.

The brand new inexperienced hydrogen facility is anticipated to start out operation in 2023.

Inexperienced hydrogen manufacturing is in step with Mol’s sustainability technique, which incorporates targets similar to a 30% decrease carbon footprint by 2030, and carbon-neutral operations by 2050.

(EUR 1.0 = USD 1.056)

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