By decision of 13 February 2025, the European Commission approved a state aid measure of EUR 111.7 million to Motor Oil Hellas, under the European Union's state aid rules. This project is part of the National Recovery and Resilience Plan (RRF) and will be financed by the European Union's Recovery and Resilience Mechanism.

According to the company's announcement, this aid is an important step towards the implementation of Motor Oil's ambitious 'Green Hydrogen' project, which includes, among other things, the installation at the Agioi Theodoroi Refinery of an integrated electrolysis system with a maximum capacity of 7200 thousand tonnes of hydrogen per year (out of the 4500 thousand tonnes already produced through the European EPHYRA project), which will be powered by energy from renewable sources, as well as the necessary regional infrastructure.

With this funding, a solid basis for the development of the hydrogen chain in the country is now in place, while contributing to the implementation of national and European objectives. At the same time, it is further tangible proof of the Group's commitment and leadership in innovation, energy transition and sustainable development.

The Motor Oil Group's growth objective of producing new and alternative fuels, which is linked to a key pillar of its strategy, is expanding and evolving in steady and efficient steps.