Motor Oil, one of the biggest refinery and petrochemical concerns in southeast Europe, has announced a four-billion-euro “energy transition” program in the wider region, with the center-piece being the 350-million-euro “Blue Med” hydrogen project, jointly undertaken with the Public Power Corp. (PPC).
The mega project will be implemented by the consortium Hellenic Hydrogen, with Motor Oil controlling 51% and PPC 49% of the scheme.
At present, the ATHEX-listed refinery group is in the final stage of selecting a contractor for the electrolysis system, with the production of recycled hydrogen tentatively set for 2026.
Another production program, Trieres, eyes a smaller-scale hydrogen production at Motor Oil’s main refinery at the Aghii Theodori site, due west of Athens proper. The latter is expected to be completed in 2028.
Additionally, another project, called IRIS, aims to reduce the Aghii Theodori refinery’s environmental “footprint” by employing carbon dioxide capture technology via a steam methane reforming unit, essentially transforming into a hydrogen producer with extremely low CO2 emissions. Also, a synthetic methanol production unit will be built using renewable hydrogen and a portion of the captured carbon dioxide.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Morgan Stanley Sees Resilient Growth for Greek Banks Amid Rate Cuts
Greek banks, it notes, are focused on mitigating the impact through strategic efforts like loan growth, increased fee income, and lower-than-anticipated deposit betas for 2026.
BoG: More Arrivals, Less Travel Remittances in Aug. 2024
More arrivals, but less revenues is the verdict by the Bank of Greece (BoG) for this past August in terms of travel remittances from the all-important tourism sector in the country.
Erdogan’s Longtime Rival, Fethullah Gülen, Has Died
Turkish President Recep Tayyip Erdogan blamed the US-based cleric Muhammed Fethullah Gülen for the 2016 attempted coup against the leader.
Surging Gold Sees High Sovereign Liquidation Rate in Greece
Bank of Greece (BoG) reports nearly 36,000 buy back transactions this year up until the end of September in the country
Heating Oil Prices in Greece Range from €1.16 to €1.39 per Liter
In Athens, the average price of heating oil, which became available to the public as of Oct. 15, stands at 1.67 euros per liter, while in Thessaloniki, it is a little higher at 1.77 euros per liter
Homeownership Increasingly Unattainable for Young Greeks
Compared to two decades ago, the difficulty of finding housing has risen dramatically, with homeownership rates in Greece plummeting since 2005
S&P Delays Greek Economy’s Credit Review, Keeps Rating at BBB-
Moody’s took a “stricter” stance compared to the other agencies when in Sept. of 2023 it refused to grant Greece the investment grade
The History of Greece’s Tallest Buildings
By the end of 2025, the rejuvenated Hilton Athens—now rebranded as "The Ilisian"—will begin a new chapter as an innovative multi-use complex, featuring the Conrad and Waldorf Astoria brands of hotels and residences.
Alonissos Top Pick for Popular French Website
The list also includes Chios, Kythira, Ithaca, Kea, and Patmos
Greece’s Tourism Success Tied to Expanding U.S. and Asian Markets
Its findings reveal that travelers to these destinations are becoming increasingly demanding, expecting high-quality travel experiences while also seeking authenticity.
