The European Commission has approved, under EU State aid rules, a €111.7 million Greek measure to support Motor Oil Hellas, a Greek refinery company, to produce renewable hydrogen.
The 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 be fully funded through the Recovery and Resilience Facility (‘RRF’), following the Commission’s positive assessment of Greece’s Recovery and Resilience Plan, and its adoption by the Council.
The measure will support Motor Oil Hellas in the implementation of its “Green Hydrogen” project. The project concerns the installation 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 (e.g. the production of sustainable fuels). The aid will take the form of a direct grant.
