Motor Oil: MORE… green energy with 1 GW RES

On its 50th birthday, Motor Oil is taking the next big step and creating Motor Oil Renewable Energy (MORE Energy).

"Our main characteristic is continuous development. Today we are transferring the experience of the last 50 years to our next step, MORE", said the deputy CEO of the energy group, Petros Tzannetakis, yesterday during a special event for the group's new company in green energy. The experienced executive and one of the trusted associates of the Vardinogiannis family marked the transition of the Corinth refineries group to the era of RES and cleaner forms of energy. But, as he underlined, his contribution to the country's energy security.

"Consistency, continuity, stability, reliability, but also an M, like the initial letter of MORE, which stands for Measure, are the values ​​with which we move towards the sustainable development of the group", emphasized Mr. Tzannetakis from the Faros area in the Center "Stavros Niarchos" culture, sending the message of the well-balanced and sustainable course that Motor Oil follows even in the midst of uncertain times, such as the energy crisis.

Two bodies recovered off east Aegean isle of Kos Verticalization

The deputy CEO of the group with the creation of MORE essentially announced the further verticalization of the activities of the Motor Oil group in four axes:

• Refineries with energy efficiency and carbon sequestration,
• Investment in electrification and increase in RES,
• Development of the "Gas Canal" for future LNG and hydrogen storage
• Energy production from waste.

Motor Oil's investment plan includes its expansion into cleaner forms of energy and hydrogen.

MORE and Ellaktor

The general manager of MORE Energy, Victor...