The Hungarian oil group MOL invested 1.2 billion euros to build a polyol plant in Tiszaújváros in eastern Hungary, becoming the only company in Hungary and the entire Central and Eastern Europe that has an integrated value chain from crude oil extraction to polyether polyol production.
“This investment project will make MOL Group one of the most important players in the chemical industry in the region,” said Zsolt Hernádi, Chairman and CEO of MOL Group. "Once production starts in 2021, the plant will further enhance Tiszaújváros's position in the chemical industry, as the expertise and new production infrastructure established here may attract more investors to the region."
The polyol plant is part of MOL's strategy to expand the company's petrochemical value chain and produce more valuable products by 2030.
"Today marks an important step in the transformation of the Hungarian chemical industry and the cooperation between MOL and ThyssenKrupp," added Sami Pelkonen, Chief Executive Officer of Chemistry and Process Technology, ThyssenKrupp Industrial Solutions. "With its 2030 vision, MOL is pursuing an ambitious growth agenda. We are proud and sustainably committed to supporting this vision and contributing to an innovative and sustainable chemical industry with our technology and expertise. "
It is expected to start production in 2021, and the polyol project will provide long-term employment opportunities for 200 people.
You must be logged in to leave a comment.
[...] Italy: Government cancels deficit target reuters.com France: Fessenheim nuclear power plant will close next year reuters.com Slovenia: Adria Airlines filed for bankruptcy reuters.com Netherlands: Thomas Cook’s Dutch branch declared bankruptcy dutchnews.nl Hungary: MOL's new European website for polyol factories in eastern Hungary […]
[...] Italy: Government cancels deficit target reuters.com France: Fessenheim nuclear power plant will close next year reuters.com Slovenia: Adria Airlines filed for bankruptcy reuters.com Netherlands: Thomas Cook’s Dutch branch declared bankruptcy dutchnews.nl Hungary: MOL's new European website for polyol factories in eastern Hungary […]
[...] Italy: Government cancels deficit target reuters.com France: Fessenheim nuclear power plant will close next year reuters.com Slovenia: Adria Airlines filed for bankruptcy reuters.com Netherlands: Thomas Cook’s Dutch branch declared bankruptcy dutchnews.nl Hungary: MOL's new European website for polyol factories in eastern Hungary […]
Connect with us via social media.
We use cookies to provide you with a better browsing experience, analyze website traffic, personalize content, and provide targeted advertising. Learn how we use cookies and how you can control them by clicking "Privacy Preferences". If you continue to use this website, you agree to our use of cookies. more...
A cookie is a small file that requests permission to be placed on your computer's hard drive. Once you agree, the file will be added, and the cookie helps to analyze network traffic or notify you when you visit a particular site. Cookies allow web applications to respond to you as an individual. By collecting and remembering information about your preferences, web applications can tailor their operations to your needs, preferences, and dislikes. There are two main types of cookies: "session" cookies and "persistent" cookies. Session cookies only persist during the user’s use of the website, and are deleted from your computer when you close the browser, while persistent cookies last longer than the user’s session and will always be stored on your computer until deleted Or until it expires. We also use third-party cookies. We use Google Analytics to analyze the usage of this website. Google Analytics uses cookies stored on the user's computer to generate statistical and other information about the use of the website. The information generated in relation to our website is used to create reports on website usage. Google will store and use this information. Google's privacy policy is available here. We use Sidekick for Business to analyze the usage of this website. Most browsers allow you to reject all cookies, while some browsers only allow you to reject third-party cookies. You can find more information about how cookies work and how to manage them on allaboutcookies.org.
Cookies necessary for the normal operation of the website.
Cookies saved when commenting.
Cookies used to analyze the website.
Cookies used to provide website rankings, and the data they collect is also used for audience segmentation and targeted advertising.
This cookie name is associated with Google Universal Analytics.
This cookie contains the updated page counter.