Hungarian chemical industry news

• 

  7 September 2024

  MOL Launches Largest Green Hydrogen Plant in Central and Eastern Europe

  The new 10MW plant in Százhalombatta produces 1,600 tonnes of green hydrogen annually, cutting CO2 emissions by 25,000 tonnes. It aligns with the SHAPE TOMORROW strategy for sustainability.
• 

  14 May 2024

  MOL Opens €1.3 Billion Polyol Complex in Hungary

  The new polyol complex in Hungary will produce materials for durable consumer goods using advanced technology, enhancing industrial competitiveness and creating long-term employment for nearly 300 people.
• 

  11 April 2024

  MOL Opens Largest Green Hydrogen Plant in Central and Eastern Europe

  The €22M plant will cut the Danube Refinery's CO2 emissions by 25,000 tonnes annually, producing 1,600 tonnes of green hydrogen per year, aligning with the SHAPE TOMORROW strategy for sustainability.
• 

  9 September 2023

  LG Magna e-Powertrain Opens New Facility in Hungary

  The new facility in Miskolc, Hungary, will produce e-motors by 2025, creating 200 jobs. It aims to meet European EV market demands with scalable electrified powertrain solutions.
• 

  1 September 2023

  Andrada Group to Build Battery Recycling Plant in Hungary

  The plant will recycle 10,000 tons of EV batteries annually, create 200 jobs, and receive HUF 4.7 billion in government support. It will use advanced, environmentally safe technology.
• 

  6 January 2023

  SEMCORP Nears Completion, On Track to Operate This Year in Debrecen

  Phase one construction is nearly complete, with equipment assembly underway. The factory, a €340M investment, will produce lithium-ion battery separators to meet European market demand.

• 

  12 August 2022

  CATL to Build Second European Battery Plant in Hungary

  The new 100 GWh plant in Debrecen will supply European automakers, use renewable energy, and explore local partnerships for battery materials, enhancing CATL's global network and e-mobility efforts.
• 

  16 June 2022

  Toray and LG Chem Form Battery Separator Film JV in Hungary

  The JV will invest $375M, start plant construction next year, and target European battery firms. LG Chem aims for management control in 30 months, leveraging synergies in fabric and coating technologies.
• 

  27 April 2022

  MOL and Plug Power to Build Major Green Hydrogen Plant in Hungary

  The new plant will produce 1,600 tons of green hydrogen annually, reducing 25,000 tons of CO2. It supports carbon neutrality goals and energy independence, operational by 2023.
• 

  19 April 2022

  Hungarian Mayor Visits SEMCORP's Debrecen Factory Under Construction

  The factory, focused on lithium-ion battery separators, is progressing as planned with strong local support, creating 440 jobs. Initial hiring targets administrative staff and technicians.
• 

  23 March 2022

  MOL Builds New Propylene Plant in Hungary

  The new plant in Tiszaújváros will produce 100,000 tons of propylene annually, boosting self-sufficiency and creating jobs. It's part of a $4.5 billion investment to make the city a regional chemical hub.
• 

  11 March 2022

  Rossi Biofuel and MOL Group Open Biodiesel Plant in Hungary

  The new plant in Komárom uses RepCat technology to produce biodiesel from various waste fats, achieving over 85% greenhouse gas savings and complying with EU renewable fuel regulations.
• 

  8 December 2021

  EcoPro BM to Invest €710M in Hungarian Cathode Plant

  The €710M plant in Debrecen will produce 108,000 tonnes of cathodes annually by 2025, supporting 1.35M electric cars. The Hungarian government will provide a grant, details pending EU notification.
• 

  31 August 2021

  Huntsman Expands Polyurethane Catalyst Capacity in Hungary

  The expansion in Hungary will boost global capacity for polyurethane catalysts and specialty amines, supporting cleaner, eco-friendly solutions and benefiting from a $3.8M Hungarian government grant.
• 

  19 October 2020

  MOL Group Opens Rubber Bitumen Plant in Hungary

  The new plant recycles 8-10% of Hungary's tire waste, produces 20,000 tons annually, and preserves 100+ jobs. It supports road construction and offers new business opportunities in surrounding countries.
• 

  27 September 2019

  MOL and thyssenkrupp Begin Polyol Complex in Hungary

  The new polyol plant in Hungary will produce 200,000 tons annually by 2021, using efficient, eco-friendly technologies. This investment strengthens the region's chemical industry and value chain.
• 

  16 July 2019

  Toray to Build New Battery Separator Film Plant in Hungary

  The new facility in Hungary will boost BSF production by 20%, meeting rising demand from EVs and consumer electronics, aligning with Toray's strategy of local production for local consumption.
• 

  7 June 2019

  MOL Group Invests in Propylene Production

  MOL signed a contract for engineering and technology to build a unit producing 100,000 MTA of polymer-grade propylene in Hungary, enhancing competitiveness and backward integration.
• 

  2 May 2019

  MOL Builds New Rubber-Bitumen Plant in Hungary

  The new plant will produce 20,000 tons of rubber-bitumen annually, recycling 3,000 tons of rubber scrap and supporting 100 refinery jobs. It addresses increased demand and enhances road durability.
• 

  15 January 2019

  Borsodchem Contracts Casale for Second Nitric Acid Plant

  The new 660 MTD nitric acid plant in Hungary will use Casale’s NA2000 dual-pressure process. Casale will provide the license, basic engineering, and site assistance.
• 

  12 September 2018

  thyssenkrupp secures MOL contract for Hungarian chemical complex

  The new complex in Hungary will produce 200,000 tons of polyether polyol annually by 2021, enhancing efficiency and automation. The project supports MOL's 2030 growth strategy in petrochemicals.
• 

  3 April 2018

  Evonik to Close Hungarian Kaba Site

  Production at the Kaba site will end by April 2018 due to market competition. Alternatives were explored, and supply remains assured. Redundancies will be managed with local authorities.
• 

  19 March 2018

  MOL/JSR Synthetic Rubber Plant in Hungary Completed

  The new plant in Tiszaújváros will produce 60,000 tons of S-SBR annually, creating over 100 jobs. It supports MOL's strategy to expand its petrochemical value chain and invest in chemical growth.
• 

  9 March 2018

  SK Innovation Breaks Ground on EV Battery Plant in Hungary

  The new factory in Komárom will produce third-gen EV batteries, offering 500km range. Mass production starts in 2020, with a capacity of 7.5 GWh annually. Total investment: KRW 840.2 billion.
• 

  7 December 2017

  BorsodChem to Double TDI Capacity

  To meet rising global demand, the TDI crystallization unit at the Kazincbarcika plant in Hungary will double capacity. The new unit is under construction, with start-up expected in Q3 2018.
• 

  23 August 2017

  Toray to Build PPS Resin Plant in Hungary

  The new facility will produce 3,000 tons annually, serving Europe's growing PPS resin market, especially in automotive applications, and enhancing local supply and customer support.
• 

  7 November 2016

  MOL Group Sets 2017-2021 Financial and Operational Targets

  MOL plans $2bn capex for refining, petrochemicals, and retail, aiming for higher non-fuel product share and market expansion. Focus on efficiency, diversification, and maintaining strong cash flow.
• 

  3 November 2016

  Pannonia Ethanol Expands Tolna County Plant

  A €135M credit facility from Hungarian banks will fund plant expansion, job creation, cost reduction, and increased corn buying and animal feed output. The company seeks government support against EU ethanol phase-out.