MOL refines green strategy ahead of major investment
Hungarian refiner aims to build experience of green hydrogen production through deployment of pilot projects ahead of a larger commitment to the sector
Hungarian refiner MOL Group is developing plans to deploy at least 100MW of electrolyser capacity in an industrial-scale investment in green hydrogen production by 2030, aimed at decarbonising its own operations and supplying clean fuels to the mobility market. As a first step, MOL plans to launch pilot production plants at each of its three refineries—in Hungary, Croatia and Slovakia—to gain operational experience ahead of the main investment, said Adam Horvath, vice-president of new and sustainable businesses. “From a decarbonisation point of view, we know that this will be an important technology and, in the long term, we believe that it will play a role in the future energy mix of transp

Also in this section
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
21 March 2025
The country is engaging with potential investors from North America and China as it refines its auction process to reflect shifting dynamics in green hydrogen, Hydrom’s managing director tells Hydrogen Economist
13 March 2025
Government awards €1.21b of funding to seven large-scale projects as it chases capacity target of 12GW by 2030
12 March 2025
Speakers at this year’s CERAWeek conference noted the growing interest in green hydrogen, but hurdles such as cost remain to its adoption at scale