![Motor Oil: 350-mln€ Blue Med Project Centered on Hydrogen](https://www.ot.gr/wp-content/uploads/2024/06/hydrogen.jpg)
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.
![hydrogen](https://www.tovima.com/wp-content/uploads/2024/06/01/hydrogen2-1024x531.jpg)
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
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