Metacon and Motor Oil complete closing agreement for hydrogen project contract

The main contract package has been signed by both parties. Assembly of the plant takes place in Metacon's factory in Patras, Greece, 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 Agioi Theodoroi in Corinth, Greece, is the largest private industrial complex in the country 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, Greece, 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 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 refuelling stations in Greece.

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 clients in Europe and beyond.

"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," commented Christer Wikner, CEO and President of Metacon.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/25032025/metacon-and-motor-oil-complete-closing-agreement-for-hydrogen-project-contract/