MOL Group Starts Biofuel Production at Danube Refinery
MOL announced that it has become a biofuel producer through the realization of an investment in the Danube Refinery. The company says that, consequently, bio feedstock will be co-processed together with fossil materials, thereby increasing the renewable share of fuels and reducing up to 200,000 tons per year of CO2 emissions — without negatively affecting fuel quality.
“MOL Group has been a biofuel user by purchasing more than 500,000 tons of biofuels (bioethanol and biodiesel) for blending. With this investment, we have started to produce sustainable diesel for the first time within MOL Group, and we became biofuel producers,” says Gabriel Szabó, executive vice president of MOL Group Downstream. “The benefits are numerous; as we produce more sustainable fuel, we will also help the circular economy by recycling waste. In line with our recently updated strategy, ‘SHAPE TOMORROW,’ we are planning to produce [over] 100,000 tons of biofuel by 2030.”