Hellenic Hydrogen, a joint venture involving Motor Oil and power utility PPC, has presented its North-1 hydrogen-producing facility plan, detailing the benefits and advantages of its development at PPC’s old Amyntaio coal-fired power station in northern Greece’s Western Macedonia region, as well as prerequisites that need to be met for the project’s development.
The Hellenic Hydrogen project’s plan was presented by Alexandros Soumelidis, PPC’s Director of New Production Activities, at the 1st Hydrogen & Green Gases Forum, an energypress event staged last Friday.
According to Soumelidis, the joint venture’s investment is budgeted at 130 million euros, while the plan entails developing a facility to offer water electrolysis capacity of 100 MW, with potential for a boost to 200 MW.
The facility is planned to produce annual hydrogen amounts of 12,600 tons, enough to cover the needs of the country’s first off-takers.
Hellenic Hydrogen aims to develop large-scale hydrogen projects that could offer sizeable quantities of renewable gas at competitive prices, a crucial factor to attract industrial consumers.
As part of its plan, the joint venture is considering the development of two further hydrogen-producing facilities, which, according to sources, would be located at Megalopoli, in the Peloponnese, and in the wider area of Motor Oil’s Corinth refinery, west of Athens.