Metacon AB (publ) has been selected as the supplier for a 20MW pressurized alkaline electrolysis plant to expand Motor Oil (Hellas) Corinth Refineries S.A.’s hydrogen production facility in Corinth, Greece. This new contract, valued at approximately €10.6 million (SEK 117.8 million), is an extension of an ongoing 30MW project, bringing the total hydrogen production capacity at the site to 50MW. The final contract is expected to be signed soon, with payments structured in instalments according to an agreed schedule.
Strengthening Metacon’s Position in Industrial-Scale Hydrogen
This project is a key milestone in Metacon’s transformation into a leading supplier of industrial hydrogen solutions. The company has been actively strengthening its large-scale electrolysis offering, including the establishment of European manufacturing under the Metacon brand. The strategic collaboration with Chinese partner PERIC, developed over several years, allows Metacon to deliver high-performance, cost-competitive hydrogen production systems.
“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 sector. This contract also contributes to Metacon’s financial targets for the year,” said Christer Wikner, CEO and President of Metacon.
Hydrogen Expansion at One of Europe’s Most Advanced Refineries
Motor Oil’s Corinth refinery is Greece’s largest private industrial complex and among Europe’s most advanced refineries. As with the 30MW electrolysis project, the new 20MW units will be partially assembled at Metacon’s factory in Patras, Greece, while Motor Oil will oversee on-site installation in Corinth, with Metacon and PERIC providing guidance and supervision.
When fully operational, this 50MW hydrogen production facility will be among the largest electrolysis-based hydrogen plants in Europe, reinforcing Motor Oil’s and Greece’s role in the clean energy transition.
