Metacon completes the 50 MW hydrogen project contract with Motor Oil Hellas by closing agreement for additional 20 MW capacity
STOCKHOLM, March 24, 2025 /PRNewswire/ — Metacon AB (publ) communicated 4 March 2025 that we had been appointed as supplier for an additional 20 MW hydrogen production unit for the Motor Oil (Hellas) Corinth Refineries S.A. (Motor Oil) planned 50 MW electrolysis plant in Corinth, Greece. The main contract package has now been finally signed by both parties. Assembly of the plant takes place in Metacon’s factory in Patras, Greece and and the majority of this add-on contract will be delivered in combination with the ongoing 30 MW project. When operational, the plant will be one of the biggest electrolysis-based hydrogen production plants in Europe to date.
The Motor Oil Group’s refinery, located in Ag. Theodoroi in Corinth is the largest private industrial complex in Greece and is considered one of the most modern refineries in Europe. Like the previously announced 30 MW contract, the additional 20 MW electrolysis units will be partly assembled in Metacon’s factory in Patras, Greece and Motor Oil will be responsible for on-site installation in Corinth, under the guidance and supervision of Metacon and PERIC. The project is also conducted in close collaboration with Metacon’s technology partner Siemens.
Motor Oil has communicated comprehensive plans for hydrogen in Greece. Besides the build-up of large-scale electrolysis-based production for ongoing and new operations, Motor Oil is championing an EU-supported Hydrogen Valley project as well as initiating build-up of hydrogen refueling stations in Greece.
Metacon is proud to support Motor Oil in their efforts and investments in fossil-free hydrogen as a way of upgrading operations and contributing to a more environmentally friendly society. The combined 50 MW contract with Motor Oil marks an important milestone in Metacon’s strategy towards enabling affordable large-scale industrial hydrogen production locally for our clients in Europe and beyond.
Christer Wikner, CEO and President, Metacon, commented:
I am pleased to be able to announce finalisation 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,”
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Metacon completes the 50 MW hydrogen project contract with Motor Oil Hellas by closing agreement for additional 20 MW capacity, source
