Metacon awarded an add-on contract for an additional 20 MW electrolysis plant from Motor Oil Hellas

The complete contract package is under development and expected to have a value of €10.6 million in total, equivalent to approximately KOR117.8 million with the current exchange rate, and the compensation will be paid in instalments in accordance with a later established payment schedule. This order by Motor Oil will expand the hydrogen production plant in Corinth to 50 MW in total. Assembly of the plant takes place in Metacon's factory in Patras, Greece, and a majority of the 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.

Metacon has intensified its efforts to build a competitive offering in large-scale electrolysis plants. As previously announced, this also includes the establishment of European manufacturing under the Metacon brand. The underlying driving force behind this initiative is the opportunity to be able to develop hydrogen production systems at a competitive price, within the framework of the close collaboration with Chinese manufacturing partner PERIC, a partnership that has been established over several years. The contract with Motor Oil has marked the start of the implementation of Metacon's industrial strategy both in terms of sales and the gradual build-up of its own manufacturing in Europe.

The Motor Oil Group's refinery is located in Agioi Theodoroi, Corinth. Similar to 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 the on-site installation in Corinth, under the guidance and supervision of Metacon and PERIC.

“I am very pleased to announce this significant contract award with the refinery leader Motor Oil. Metacon and PERIC continue to transform the clean hydrogen market landscape in Europe, enabling large, cost-effective hydrogen production solutions for the industrial segment. The contract also adds nicely to Metacons financial targets for the year,” commented Christer Wikner, CEO and President of Metacon.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/05032025/metacon-awarded-an-add-on-contract-for-an-additional-20-mw-elec-trolysis-plant-from-motor-oil-hellas/