Global Trade Alert
Global Trade Alert

Greece: Financial grant for oil company Motor Oil under Horizon Europe

Announcement

25 May 2023

In May 2023, the European Commission disclosed the provision of a financial grant to Greek oil company Motor Oil as the coordinator of the EPHYRA project that demonstrates industrial-scale hydrogen production.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

25 May 2023

Revocation date:

No revocation date

Financial grant In force

On 25 May 2023, the European Commission provided a EUR 13 million (USD 14 million) financial grant to Greek oil company, Motor Oil. The company receives the funding as the coordinator of the EPHYRA (E...

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