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English Español InoBat and MOL to develop hydrogen projects in Eastern Europe

Details of the agreement are scarce, but companies indicated that the focus will be on the whole procurement and supply of hydrogen, from development to distribution.

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Author: PetrolPlaza Correspondent Pablo Plaza

Slovakian-based e-mobility company InoBat and Hungarian oil company MOL announced the signing of a Memorandum of Understanding to develop several hydrogen projects in Central and Eastern Europe, reports Electrive.

Although the terms of the agreement have not been disclosed to date, both companies indicate that the focus will be on the procurement and supply of hydrogen, the development and testing of hydrogen-rich liquid fuel, the distribution and sale of this fuel and possibly the construction of a production facility that includes a fuel recycling plant.

Founded in 2018, InoBat is a company that works in the fields of electromobility, energy storage and hydrogen with the aim of bringing new energy solutions to Central and Eastern Europe market. This involves the automotive, petrochemical and energy sectors. The company describes itself as an “accelerator that connects leading industrial groups in Central Europe with suppliers of cutting-edge technologies”. InoBat is currently working on a pan-European battery excellence center based in Slovakia.

MOL Group is an oil company with almost 2,000 filling stations, mostly in Central and Eastern Europe. The company hopes to provide customers in these markets with both traditional and alternative fuels by 2030.

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