Motor Oil, PPC finalize deal to jointly create consortium active in the hydrogen energy sector

Refinery and petrochemical group Motor Oil and the Public Power Corp. (PPC), Greece’s biggest power company, on Thursday announced an agreement to form a joint consortium that will develop hydrogen production and storage works in the country.

The two industrial concerns first announced such an intent back in January 2022 by signing a MoU.

Motor Oil will hold a majority stake of 51 percent in the new venture, called Hellenic Hydrogen S.A., with PPC holding the remaining 49 percent