The European Commission has approved a €111,7 million Greek government measure to support Motor Oil Hellas to produce renewable hydrogen
The European Commission has approved a €111.7 million Greek government measure to support Motor Oil Hellas to produce renewable hydrogen.
The measure will be fully funded through the Recovery and Resilience Facility (RRF), following the Commission’s positive assessment of Greece’s Recovery and Resilience Plan.
The Commission said measure will contribute to the decarbonization of the mobility and industrial sectors and will help kick-start the hydrogen market in Greece.
The measure will support the Corinth-based company in the implementation of its “Green Hydrogen” project.
The project concerns the installation at the company’s refinery at Agioi Theodoroi of an electrolyser with a target capacity of 50 MW, which will operate with energy from renewable sources.
The renewable hydrogen will be used for different purposes, such as for mobility and other industrial applications (for example, the production of sustainable fuels). The aid will take the form of a direct grant.
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The European Commission has approved a €111,7 million Greek government measure to support Motor Oil Hellas to produce renewable hydrogen, source
