Metacon awarded an add-on contract for an additional 20 MW electrolysis plant from Motor Oil Hellas

The Motor Oil Group's refinery, located in Ag. Theodoroi in Corinth is the largest private industrial complex in Greece and is considered one of the most modern refineries in Europe. Analogous with the previously announced 30 MW contract, the additional 20 MW electrolysis units will be partly assembled in Metacon's factory in Patras, Greece and Motor Oil will be responsible for on-site installation in Corinth, under the guidance and supervision of Metacon and PERIC. The Motor Oil Group's...

The Motor Oil Group's refinery, located in Ag. Theodoroi in Corinth is the largest private industrial complex in Greece and is considered one of the most modern refineries in Europe. Analogous with the previously announced 30 MW contract, the additional 20 MW electrolysis units will be partly assembled in Metacon's factory in Patras, Greece and Motor Oil will be responsible for on-site installation in Corinth, under the guidance and supervision of Metacon and PERIC.

"I am very pleased to be able 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 segment. The contract also adds nicely to Metacons financial targets for the year," commented Christer Wikner, CEO and President, Metacon.

 For further information, please contact Christer Wikner, on 0707-647389 or e-mail [email protected] 

This information is information that Metacon AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 4 Mar 2025.15:28 CET.

About Metacon AB (publ)
Metacon AB (publ) develops and manufactures energy systems to produce fossil-free "green" hydrogen. In the Electrolysis business unit and in close partnership with world leader PERIC Hydrogen Technologies, Handan, China, Metacon offers complete electrolysis plants for large-scale production of hydrogen. Metacon also offers production-integrated hydrogen refueling stations, a globally growing area within clean transport.

The products in the Reforming business unit are based, among other things, on Metacon's patented HIWAR® technology that generates hydrogen through catalytic steam reforming of biogas or other hydrocarbons such as bioethanol. The development of Metacon's reforming products is carried out within the wholly owned subsidiary Metacon S.A. in Patras, Greece. The business is focused on catalytic process chemistry and advanced, compact reformers for high-efficiency hydrogen production. www.metacon.com

About Motor Oil (Hellas)
Motor Oil Group is a leader in the energy sector - in Greece and in the wider Eastern Mediterranean region. It supports the economy with exports to over 75 countries, thousands of employees, and continuous new investments. Motor Oil Group has 92 individual companies and directly employs 3,000 permanent workers. More than 1,500 gas stations operate with the emblems of Motor Oil's subsidiary companies, in Greece, as well as in foreign countries. The Group has branches in 8 different countries.

The company plays a leading role in the sectors of crude oil refining and marketing of petroleum products in Greece, as well as the greater eastern Mediterranean region, supplying its customers with a wide range of high-quality products. https://www.moh.gr/

For further information please see:
www.metacon.com | X: @Metaconab | LinkedIn: www.linkedin.com/company/metaconab

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