Victor Papaconstantinou, General Manager of MORE participated in Real Group’s Investment Summit and specifically in the panel discussion on “Greece as an energy producer and transportation hub: The challenge of the energy transition – Green investments: RES, energy storage”.
In his introductory remarks, Mr. Papaconstantinou referred to the Motor Oil Group’s strategic decision to expand into cleaner forms of energy, with the view that the energy transition is an imperative and not an investment opportunity. Referring to MORE’s development plan, Mr. Papaconstantinou emphasized that MORE has already invested more than 1.6 billion euros within two years, achieving spectacular growth and contributing decisively to the Group’s financial growth.
Additionally, he pointed out the decisive role of electricity from RES for the production of alternative fuels such as hydrogen, but also the development of carbon dioxide capture units, such as the one developed by the Motor Oil Group at the Refinery.
He then referred to the need to strengthen investment flows that bring added value, know-how and expertise to the country’s energy landscape, creating a new dynamic for the benefit of society.
Concussively, he pointed out the importance of correctly informing citizens about the benefits of RES in the economy, society and the environment, so that allegations that damage the collective effort to strengthen the country’s energy transition disappear from the public sphere.
