#Greece #Hydrogen Production #Metacon #Motor Oil #Corinth

Metacon Expands Hydrogen Production Capacity at Motor Oil Hellas

In a significant boost to the clean energy sector, Metacon AB (publ) has finalized a contract with Motor Oil (Hellas) Corinth Refineries S.A. This agreement, announced on March 4, 2025, entails the addition of a 20 MW hydrogen production unit to an existing 50 MW electrolysis plant being developed in Corinth, Greece. This project positions itself as potentially one of the largest hydrogen production facilities in Europe upon completion.

The arrangement comes as part of an ongoing collaboration between Metacon and Motor Oil, aiming to enhance hydrogen production capabilities amidst rising demands for cleaner energy solutions. The expansion is particularly noteworthy as the assembly of this new plant will take place at Metacon's factory located in Patras, Greece. Following this, Motor Oil will oversee the installation on-site in Corinth under expert guidance from both Metacon and the technology partner Siemens.

A New Era for Hydrogen Production

Motor Oil’s refinery in Ag. Theodoroi, Corinth, is already recognized as one of Europe's most modern and expansive refineries. With this new addition, the collaboration between the entities highlights their commitment to sustainability and innovation in energy production. The electrolysis unit will contribute significantly to Motor Oil's comprehensive hydrogen strategy, which includes large-scale production aimed at supporting both existing and new operations.

Moreover, Motor Oil is leading initiatives that involve the establishment of hydrogen refueling stations throughout Greece and is also championing an EU-supported Hydrogen Valley project designed to bolster the hydrogen economy in the region. This strategic focus illustrates not only a commitment to fossil-free energy but also an active role in the development of renewable resources.

Metacon’s CEO, Christer Wikner, expressed satisfaction regarding the signing of the contract, emphasizing the significance of the collaboration. He stated, "I am pleased to announce the finalization of this important contract with the refinery leader Motor Oil. The 50 MW hydrogen production plant in Corinth will be one of the largest in Europe," demonstrating the scale and ambition of the project.

Implications for Sustainable Energy

The combined 70 MW output from Metacon and Motor Oil is pivotal in reshaping the landscape of hydrogen production, which is recognized as a clean and efficient alternative to fossil fuels. The integration of this technology signifies a major leap towards achieving lower carbon emissions in the industrial landscape, aligning with global initiatives aimed at combating climate change.

Metacon, through this partnership, not only underscores its commitment to advancing technology in the energy sector but also strives to make affordable large-scale industrial hydrogen production the norm. The project aligns with Metacon’s vision to support European clients in embracing sustainable energy solutions, which are becoming increasingly vital in today's environmentally conscious marketplace.

Forward-Looking Perspectives

As the energy landscape continues to evolve, the need for innovative solutions in hydrogen production becomes paramount. The ongoing collaboration between Metacon and Motor Oil serves as a blueprint for how traditional energy companies can pivot towards more sustainable practices while leveraging existing capabilities to foster growth in the green energy sector. This expansion is not just a corporate milestone but a crucial development in the transition toward a more sustainable and eco-friendly future.

In conclusion, the finalized contract marks a significant step forward in Metacon's strategy to establish a robust and competitive hydrogen production framework in Europe and beyond. As operations commence, all eyes will be on the Corinth facility in Greece, heralding a new era of energy efficiency and sustainability.