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February 21,2025

EU Approves €111.7 Million for Greece's Renewable Hydrogen Initiative

The European Commission has approved a €111.7 million state aid package from Greece to support the production of renewable hydrogen. This investment will aid Motor Oil Hellas, a prominent Greek refinery company, in its "Green Hydrogen" project. The project involves installing a 50 MW electrolyser powered exclusively by renewable energy sources, which will produce renewable hydrogen for various applications, including powering vehicles and fueling industrial processes.

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