27 Oct 2022
minutes read

Hellenic Competition Commission approval for the set-up of the company HELLENIC HYDROGEN S.A. with Public Power Corporation

Following its previous announcements dated 13.1.2022 and 7.7.2022, MOTOR OIL (HELLAS) S.A. announces that on 26.10.2022 the Hellenic Competition Commission unanimously approved the establishment of a new company to be formed bearing the legal name HELLENIC HYDROGEN S.A. and having the following shareholder structure: MOTOR OIL – 51%, PPC S.A. – 49%.

The object of HELLENIC HYDROGEN S.A. (which is in the process of being incorporated) will be the production and storage of green Hydrogen in Greece, thus facilitating the process of the country’s energy transition to an environment of Net Zero carbon emissions.

Athens, 27 October 2022