MOL has become a biofuel producer by purchasing 500,000 tonnes of biofuels for blending.
Following investment in the Danube Refinery bio feedstock will be co-processed together with fossil materials increasing the renewable share of fuels and reducing up to 200,000 tonnes/year CO2 emissions.
Gabriel Szabó, executive vice president of MOL Group Downstream, said: “With this investment, we have started to produce sustainable diesel for the first time within MOL Group and we became biofuel producers. The benefits are numerous, as we produce more sustainable fuel, we will also help the circular economy by recycling waste.”
During co-processing at the Danube Refinery, bio-feedstock is processed together with the fossil material in the production of diesel fuel.
Vegetable oils, used cooking oils and animal fats can also be used for this purpose.
As a result, the produced gasoil is partly renewable, without any quality changes compared to diesel produced entirely from crude oil.
The main advantage of this innovative method is that the resultant biodiesel can be still blended with a maximum 7% of bio-feedstock based fuel, in line with diesel standards, allowing the bio-share of the gasoil to be higher.
In the next five years, MOL will spend $1 billion (€0.84 billion) on new, low-carbon and sustainable projects to become a key player in CEE in the circular economy and to get closer to its net-zero CO2 emitter goal by 2050.
The company aims to transform its Downstream segment into a highly efficient, sustainable, chemicals-focused leading industry player.
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