MOL Group and JSR Corporation have inaugurated a synthetic rubber plant in Hungary. The plant will produce 60,000 tons of solution polymerization styrene-butadiene rubber (S-SBR) annually, creating over 100 new jobs. S-SBR is a highly sought-after chemical product used in fuel-efficient tires. MOL and JSR Corporation established a joint venture in 2013, with construction of the plant starting in 2015. MOL Group plans to invest around $4.5 billion in petrochemical and chemical growth projects by the end of the next decade as part of its 2030 strategy.