#Sweden #Stockholm #Electrolysis #Motor Oil Hellas #Metacon

Metacon's Milestone Payment from Motor Oil Hellas

Metacon AB, based in Stockholm, has recently confirmed a substantial €14.9 million payment from Motor Oil Hellas (MOH) for the delivery of ten electrolysis stacks. This payment, which is approximately SEK 166 million based on current exchange rates, underscores the progress of their partnership, particularly regarding the refinery project in Corinth, Greece.

The completion of this payment is a significant affirmation of the collaboration that began with the contractual agreement signed in autumn 2024. This project is vital as it contributes to Motor Oil Hellas, which is recognized as one of Europe’s largest refineries. The successful delivery of the electrolysis plant marks a critical advancement not only for Metacon but also for the energy sector's transition towards more sustainable practices.

Recent Project Developments

Following the initial contract, Metacon also secured an agreement for additional equipment orders in the spring of 2025, leading to the efficient manufacture and delivery of the electrolysis stacks. The manufacturing process included essential tests known as Factory Acceptance Tests (FAT), ensuring that the equipment met the high standards necessary for the project.

As Metacon continues to work diligently on producing the remaining components for the Corinth project, they are on track to meet all deadlines and project specifications.

About Metacon’s Operations

Metacon AB specializes in developing and manufacturing energy systems designed to produce fossil-free green hydrogen. Notably, they operate in collaboration with PERIC Hydrogen Technologies, a leader in the industry, to offer comprehensive solutions for large-scale hydrogen production. In addition to electrolysis plants, Metacon is also venturing into the market of hydrogen refueling stations, reflecting the global shift towards clean transportation.

The company leverages patented technologies such as HIWAR®, which facilitates the generation of hydrogen through catalytic steam reforming processes of biogas or hydrocarbons. The development of these reforming products is primarily executed through Metacon S.A., their subsidiary located in Patras, Greece.

Future Perspectives

As Metacon eyes growth within the renewable energy field, the recent payment is more than just a financial transaction. It illustrates confidence in their service delivery and the potential for future projects, especially in terms of expanding efforts in environmentally friendly energy solutions. Potential collaborations could emerge as countries and companies look to minimize their carbon footprints and enhance sustainability initiatives.

In conclusion, this transaction with Motor Oil Hellas is a pivotal moment for Metacon, showcasing both operational success and opportunities for ongoing and future projects. For more updates and information about their projects, visit www.metacon.com and follow them on social platforms such as LinkedIn and Twitter.

For inquiries, Metacon's CEO Christer Wikner is available at +46 707 647 389 or via email at [email protected]