Hungarian oil and fuel firm MOL Group mentioned Friday it has agreed to amass the Szarvas biogas plant in Hungary from Germany’s BayWa AG.
The biogas facility, mentioned to be one of many largest in Central Jap Europe, is a mixed warmth and energy generator with a peak electrical energy capability of round 4 MW. It processes natural waste, together with from meat manufacturing and livestock farms.
MOL says it’s trying to increase its biofuel portfolio consistent with the objectives of the EU’s Renewable Vitality Directive and the REPowerEU plan. The acquisition additionally presents synergy alternatives because the plant is situated in an space the place the corporate has exploration and manufacturing actions, which creates the likelihood to leverage infrastructure for upgrading biogas merchandise.
MOL additional expects to achieve know-how and finest practices information to help the event of its sustainable portfolio.
