Metacon to supply 30MW pressurised alkaline electrolysis plant for hydrogen production to Motor Oil

Metacon receives an order for the supply of a 30 MW industrial electrolysis plant worth EUR 19.8 million (approx. SEK 226 million) marking the start of European manufacturing

Metacon AB (publ) has been awarded a contract for the supply of a 30 MW pressurised alkaline electrolysis plant for hydrogen production to Motor Oil (Hellas) Corinth Refineries S.A., Greece (“Motor Oil”).

The contract value is EUR 19.8 million, equivalent to approx. SEK 226 million with today’s exchange rate. The order also includes adaptations to expand the plant by an additional 20 MW in a second stage. Metacon’s manufacturing partner PERIC delivers electrolysis stacks and certain other components according to Metacon’s specifications and assembly of the plant in Metacon’s factory in Patras, Greece.

The order also marks the start of Metacon’s previously announced technology collaboration with Siemens on both the design of the next generation of industrial electrolysers and the implementation of leading technology in Metacon’s European manufacturing.