Infrastructure and service vehicles what will move from hydrogen adds to your network Engine oilalong with strengthening the network of electric vehicle charging stations installed throughout the country.

The Corinthian refinery, which is gradually developing into an integrated and diversified energy company, has received EUR 40 million funding from the EIB for an investment program to develop an extensive network of electric vehicle charging stations and hydrogen stations throughout Greece. This pioneering investment, the first of its kind in Greece, involves the installation of around 3,000 electric vehicle charging stations.

The infrastructure for hydrogen-powered vehicles will include an electrolyzer to produce hydrogen, a filling station to load hydrogen into trailer tanks, trailer hydrogen tanks, and hydrogen filling stations.

It is estimated that 49% of the projects to be implemented as part of the investment will be located within the Trans-European Transport Network (TEN-T). It is also assumed that 100% of the network will be installed in less developed regions, as well as in regions with economies in transition and cohesion.

The partnership between the EIB and Motor Oil Hellas was announced yesterday at the EIB Headquarters in Luxembourg during a loan agreement signing ceremony by Ioannis Kalca, Head of the EIB Investment Group for Greece and Cyprus, and Petros Tsannetakis, Deputy Managing Director of Motor Oil Hellas. Oil group. It should be noted that over the past decade, the EIB has provided more than 8 billion euros for investment in private sector businesses throughout Greece.

Mr. Tzannetakis described the agreement with the EIB as another important step for the Motor Oil Group towards the energy transition. “Our priority is to ensure Greece’s energy security while meeting the need for alternative energy sources and clean fuel, which are of great importance for the country’s energy autonomy,” he said.

“By financing this innovative project, which has sustainable and environmental characteristics, the EIB will support the transformation of road transport into hydrogen and electric mobility and increase sustainability, while signaling to stimulate further financing from commercial banks in similar projects,” said Mr Kalcas from named after ETP.