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Rossi Biofuel Zrt., partly owned by MOL, is now capable of producing more than 200,000 tons of biofuel per year, the Hungarian multinational oil company MOL announced.
The MOL Group is increasingly focusing on renewable fuels such as biodiesel, which is produced from vegetable oils, animal fats, used cooking oil or waste, through its long-term strategy “shape tomorrow.” The multinational company pointed out that the use of biofuels not only reduces the amount of carbon dioxide released into the atmosphere, but also helps to decarbonize transport and, through this, the economy’s dependence on oil, in proportion to the amount of the component blended in. They stressed that one ton of biodiesel saves around two to three tons of carbon dioxide compared to fossil diesel.
The MOL Group supplies nine countries with fuel blended with biodiesel or bioethanol, and sometimes other renewable materials, in quantities of several hundred thousand tons.
The company has been involved in biodiesel production since 2008 through its partly owned Rossi Biofuel Zrt., which has now significantly increased the volume of biofuels produced in Hungary with a capacity of over 200,000 tons per year. A quarter of the capacity is made up of so-called advanced biodiesel, which can also process greasy waste of various types and origins, such as used cooking oils, animal fats or residues from vegetable oil production, they pointed out. They recalled that in 2022, MOL also started commercial testing of sustainable aviation fuel in cooperation with Budapest Airport, Wizz Air and Üzemanyag Kiszolgáló Kft.
As the statement reads, the world’s growing energy demand will require an increasingly diverse fuel portfolio, therefore MOL is testing a number of technologies in addition to biofuels.
In April this year, the company inaugurated a new green hydrogen plant at the Danube Refinery, where 1,600 tons of the energy carrier will be produced annually for use in fuel production, reducing the refinery’s carbon dioxide emissions by around 25,000 tons a year.
Via MTI, Featured image: Facebook/MOL