Renewable energy

We are committed to increase the share of low-carbon products and services that we offer. Integrating renewable energy into our operations is considered a promising option. MOL Group has also launched and continues to work on a series of R&D projects which are designed to reduce the life-cycle emissions of its products.

SOLAR POWER

MOL Group has a long-standing experience in conventional energy production, however, as part of its 2030 strategy it aims to prepare for beyond the fuel age and explore opportunities arising from alternative energy technologies. As a result, photovoltaic power plants will be built in three of MOL’s main industrial sites in Hungary by the end of 2018: in the petrochemical plant in Tiszaújváros, in the Danube refinery in Százhalombatta as well as in the Füzesgyarmat facility. These will be connected to MOL's local internal medium voltage distribution networks.

The photovoltaic power plants are planned to operate at the total capacity of 18.38 MWp, which is the equivalent to the consumption needs of more than nine thousand households.

The green electricity generated by the solar facilities is expected to eliminate nine thousand tons of carbon dioxide emissions per year. This will contribute to the fulfilment of MOL’s sustainability goals of reducing direct and indirect greenhouse gas emissions as well as increase its earnings from alternative energy sources in line with the company’s Sustainable Development 2020 strategy.

Apart from covering parts of the energy needs of its own operation, the project provides an excellent opportunity for MOL to acquire expertise in the solar technology field and seize future opportunities in this promising market.

GEOTHERMAL ENERGY

Central European Geothermal Energy Ltd. (CEGE, 100% owned by MOL Plc.), is focusing on the development of geothermal power plant projects in Hungary and across the CEE region. In the past, the CEGE team screened all national areas of geothermal potential and analysed available geological data. These investigations led to the decision to carry out a pilot deep-geothermal power project.

In 2014 CEGE successfully bid for the Jászberény concession area, Hungary, and was awarded with the geothermal concession right. The company started its geothermal exploration work program in 2015. The geothermal concession right is granted for 35 years.

The main purpose of the project is to explore the geothermal potential of the Jászberény concession area through the reinterpretation of existing 3D seismic data, the execution of magnetotelluric survey, the drilling a minimum 3,000 m deep geothermal production well, the selection of an abandoned HC-well for geothermal utilization, as well as the establishment and testing of a geothermal system composed of a doublet.

After the geophysical explorations were performed a thermal production well was drilled in 2015-2016. In Q2 2017 a short well test was performed, which satisfied all the pre-determined success criteria, and in Q4 2018 – Q1 2019 a long well test is planned to be concluded.

Biofuels

Use of biofuels is a legal obligation for MOL Group companies throughout Europe. Aside from optimizing our standard product portfolio we put special focus on technologies that build on non-food feedstock to produce advanced renewable fuels and refinery streams.

In line with European directions

MOL is selling E5 gasoline (which is sulphur-free and contains a maximum of 5 volume% bioethanol) and B7 diesel oil (which is sulphur-free and contains maximum of 7 volume% biodiesel) in every market where relevant local legislation exists.

Criteria for Sustainability

MOL Group companies (MOL Plc., Slovnaft and INA) comply with the European ISCC (International Sustainability & Carbon Certification) System as distributors. ISCC certifies the entire supply chain of bio-based feedstocks to ensure the application of strict ecological and social sustainability standards, greenhouse gas emissions savings and traceability throughout the supply chain. This confirms that the biofuels that are blended with the fossil fuels also meet the strict sustainability criteria of the EU's Renewable Energy Directive (RED). ISCC was the first international certification system for verifying the sustainability and greenhouse gas savings of all kinds of biomass and bioenergy to be recognized by the European Commission.

Processing of Used Cooking Oil

MOL Group has shares in two biodiesel production plants, both of which may utilize used cooking oil as a feedstock in certain proportions. The resulting, properly-treated used cooking oil is then converted to biodiesel. To supply the production with used cooking oil MOL Group has been running a residential waste collection program since 2011, which has already been extended to 3 countries (Hungary, Slovakia and Romania). A pilot project also started in Croatia at the end of 2017. By taking used cooking oil to the designated service stations people can dispose of their waste oil in an environmentally friendly manner. Thanks to the program being extended to more and more service stations and also to growing civil awareness, 1.5 tonnes were collected in Croatia in a period of 20 months, and a record of 32 tonnes of used cooking oil was gathered in January 2018, just in Hungary.

New generation biofuels

Our most ambitious project in this regard yet, the co-processing of waste animal fats in one of MOL Group’s hydrotreater units, was approved by the Executive Board this April. With this approval, the unit will be retrofitted with the necessary assets to produce up to 75 kilotonnes of renewable diesel a year from non-edible, renewable materials. This project is the flagship of renewable fuel production in MOL Group, and is heralding the changes that will further increase the sustainability of the company’s operations.

The Research & Development organizations of MOL Group are also heavily focused on biofuel production technologies. If you are interested in more details about our progress in this field, visit the R&D projects section of our Sustainability page!