February 17, 2025 [Motor Oil]- On the 13th of February 2025, the European Commission approved an additional €111.7 million funding support from the European Recovery and Resilience Facility allowing Motor Oil to expand the capacity of our existing renewable hydrogen project to 7,500 tons per year and to build vital infrastructure in order to establish a hydrogen market in Greece starting in 2026.
The project is highly innovative, complementary to our refinery operations and a significant stepping stone towards establishing a sustainable low-carbon energy hub at our Corinth refinery.
At Motor Oil, we are not just investing in the energy of tomorrow; we are leading the charge today. In a rapidly evolving world, our ability to adapt and innovate is paramount. Guided by our values and a clear vision, we are becoming a diversified multi-energy group committed to achieving growth that is value-additive, sustainable, and responsible.
Free Trial: Access 13,300 Tank Terminal and Production Facilities
13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data
