Greek oil company plans to invest in clean energy projects

China Petrochemical News Network reported on May 11, according to Ansense, Greece’s largest oil refiner, Hellenic Petroleum, plans to spend between 3.

Hellenic Petroleum operates three refineries in Greece, but has been expanding its renewable energy portfolio.

The company’s chief executive officer Andreas Shiamishis said: “We have a plan of 3.

Shiamishis said that half of it will be used for traditional activities and the other half will be used for projects that help the group transition to clean energy.

Shiamishis said: "Our goal is to reduce our carbon footprint by 50% by 2030.

According to MRC, Greece has received five interest in a majority stake in Hellenic Petroleum, its largest refiner.

Cao Haibin is an excerpt from An Xun Si

The original text is as follows:

Hellenic Petroleum plans to invest in clean energy projects

Hellenic Petroleum, Greece's biggest oil refiner, plans capital expenditure of between 3.

　　Hellenic operates three oil refineries in Greece but has been boosting its renewable energy portfolio under Greece's plan to increase its share of green energy as part of a binding European Union target for a 55% cut in CO2 emissions by 2030.

　　"We have a plan at the order of 3.

　　Shiamishis said half of that would go into traditional activities and the other half in projects that will help the group's transition to cleaner energy.

　　"Our aim is to reach a 50% improvement (of our carbon footprint) by 2030," Shiamishis said.

　　As per MRC, Greece received five expressions of interest for a majority stake in its biggest oil refiner Hellenic Petroleum.