Mol inaugurates largest green hydrogen plant in CEE

Green Forum
The Mol Group has inaugurated in Százhalombatta (Hungary) the largest green hydrogen factory in Central and Eastern Europe, with a capacity of 10 megawatts.

The €22 million investment will reduce the carbon dioxide emissions of the Danube refinery by 25,000 tons. Thus, Mol will have the capacity to produce 1,600 tons of green hydrogen annually, emissions-neutral from the carbon dioxide perspective. The investment is part of the corporate strategy "Shape Tomorrow" of the group to contribute to increasing sustainability, competitiveness, and energy independence in the region.

The new technology will gradually replace the production process of natural gas-based fuel, which currently accounts for one-sixth of Mol's total carbon dioxide emissions. The factory will start production in the second half of 2024, and the company will mainly use green hydrogen in its network for fuel production.

The electrolysis equipment from Plug Power uses electricity from renewable sources to split water into hydrogen and oxygen, meaning no polluting by-products are generated, the company stated. The facility produces 8-9 tons of pure oxygen for every ton of hydrogen. The American company has provided Mol with innovative and reliable technology: the hydrogen generators, optimized for pure hydrogen production, have a history of nearly 50 years of operational experience.

"The Mol Group has achieved another important goal: now we can produce green hydrogen without generating greenhouse gases. By applying this technology, we manage to reduce carbon emissions to an extent comparable to removing about 5,500 vehicles from traffic overnight. Today, our new green hydrogen plant makes Mol's industrial operations more sustainable, and in the future, it will provide solutions for the entire industry and hydrogen-based mobility. After Szazhalombatta, we will bring the technology to the other two fuel production units of the group, to make the fuel production process more sustainable at each of Mol Group's refineries," said Jozsef Molnar, CEO of the Mol Group, at the inauguration ceremony of the new green hydrogen plant, according to the cited document.

Mol is an international integrated oil, natural gas, petrochemical, and retail company headquartered in Budapest, Hungary. It operates in over 30 countries, with a workforce of 25,000 employees worldwide and over 100 years of industry experience. The Mol Group controls three refineries and two petrochemical units at the integrated supply chain management level in Hungary, Slovakia, and Croatia. The company also has a network of nearly 2,400 service stations in 10 countries in Central and Southeast Europe. Currently, production activities are carried out in 9 countries, and exploration in 14 countries.

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Nearly 772 million liters of water are lost annually due to leakages
Environment

Nearly 772 million liters of water are lost annually due to leakages

The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.

Real estate

Iulius invests €29 million in Europe's largest private soil cleanup

Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.

Real estate

Climate risks take centre stage in Polish real estate strategies

Poland has moved up 49 places in the Climate Risk Index 2025, underscoring the increasing impact of climate change on the real estate sector. Heatwaves, heavy rainfall, droughts and floods are becoming a regular challenge for property owners and investors, according to Cushman & Wakefield.

READ MORE
Green Forum  |  10 October, 2025 at 9:55 AM
Green Forum  |  23 September, 2025 at 1:44 PM