PPC and Motor Oil Memorandum on green hydrogen

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THE MOTOR OIL (HELLAS) SA and PPC SA announced today the signing Memorandum Memorandum of Understanding (MOU) for the design and implementation through Joint Venture of projects in the field of green hydrogen. The participation of MOTOR OIL in the joint stock scheme will amount to 51% and PPC to 49%.

The consortium believes that it can lead the development of the hydrogen economy in Greece, having access to the growing platform for the production of energy from renewable sources of PPC, while exploiting the capacity and know-how of MOTOR OIL (HELLAS).

The intended consortium aims to develop green hydrogen production and storage projects in the country, thus facilitating the energy transition of Greece to an environment of clean zero emissions (Net Zero).

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