Motor Oil, one of the biggest refinery and petrochemical concerns in southeast Europe, has announced a four-billion-euro “energy transition” program in the wider region, with the center-piece being the 350-million-euro “Blue Med” hydrogen project, jointly undertaken with the Public Power Corp. (PPC).
The mega project will be implemented by the consortium Hellenic Hydrogen, with Motor Oil controlling 51% and PPC 49% of the scheme.
At present, the ATHEX-listed refinery group is in the final stage of selecting a contractor for the electrolysis system, with the production of recycled hydrogen tentatively set for 2026.
Another production program, Trieres, eyes a smaller-scale hydrogen production at Motor Oil’s main refinery at the Aghii Theodori site, due west of Athens proper. The latter is expected to be completed in 2028.
Additionally, another project, called IRIS, aims to reduce the Aghii Theodori refinery’s environmental “footprint” by employing carbon dioxide capture technology via a steam methane reforming unit, essentially transforming into a hydrogen producer with extremely low CO2 emissions. Also, a synthetic methanol production unit will be built using renewable hydrogen and a portion of the captured carbon dioxide.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurobank: Prem Watsa ‘s Fairfax Reducing Stake to 33%
Bank sources: Placement of 2.2% of Greek lender's shares by Watsa aims to meet regulatory condition of minority ownership below 33%
Rare Earth Mineral Exploration in Greece on the Rise
The Ministry of Environment and Energy has pledged to impose strict obligations on the contractor to ensure environmental protection
New 11-Month High for Greece with 35M Tourist Arrivals in 2024
Inbound travelers to Greece boosted tourism-related revenues to 21.27 billion euros in the Jan.-Nov. 2024 period.
ECOFIN Approves Revisions to Greece’s Recovery Plan
Greek Finance Minister Kostis Hatzidakis said the decision will kickstart recovery fund absorption set to reach 64%.
Trends Shifting Among Foreigners Buying Holiday Houses in Greece
The primary reason for the shift in the trend is the saturation of popular destinations and the potential buyers’ desire for more privacy
Greek Public Debt at €370.865bln at End of Q3 2024: ELSTAT
It was slightly down from €371.483bln in Q3 2023, according to the quarterly non-financial accounts of the General Government
WEF Report Says 70% Greek Workers Need Retraining by 2030
The report, entitled “The Future of Jobs 2025”, says that a global shift in the workplace will result in the loss of 92 million jobs
National Bank of Greece Finances First Energy Storage Project in Country
The total financing for the project amounts to €41.9 million
Energy Giant Chevron Expresses Interest in Drilling in Greece
In line with this effort, the Hellenic Hydrocarbon Resources Management and Energy Resources Company (HEREMA) is submitting the Strategic Environmental Impact Study today
UBS ‘Bullish’ on Greek Banks
UBS highlights the positive trends in loans and savings and the financing cost, stressing corporate credit expansion acts as the driving force for the banking sector’s profit margins
![Ηλεκτρικά οχήματα: «Συναγερμός» από την πτώση στις πωλήσεις στην Ευρώπη [γραφήματα]](https://www.ot.gr/wp-content/uploads/2025/01/ev-90x90.png)
