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Hungarian chemical industry news
7 November 2025
MOL Group Revises 2025 EBITDA Guidance Amid Strong Q3 Results
Q3 profit stable at USD 503 mn. Upstream steady, downstream boosted by refining margins. Consumer Services grew, Circular Economy Services faced seasonal challenges. Guidance reviewed.
7 November 2025
MOL Group Q3 2025 Earnings Report
Profit before tax stable at USD 503 mn. Upstream steady, downstream improved, consumer services grew. Circular economy services faced challenges. Transformation strategy continues.
6 November 2025
Brenntag Announces Exclusive Distribution Deal with ADM
The agreement focuses on soy-based ingredients for Eastern Europe, Saudi Arabia, and UAE, enhancing Brenntag's regional reach and ADM's market growth.
6 November 2025
Uniper on Track for 2025 Earnings Forecast
Uniper's nine-month earnings align with expectations, despite lower figures. Cash position strong, carbon emissions reduced, and EU remedy progress made. 2025 forecast reaffirmed.
5 November 2025
MOL Group Calls for Unified European Industrial Strategy
MOL Group urges Europe to adopt a unified industrial policy to enhance competitiveness, reduce energy costs, and streamline regulations for sustainable growth.
21 October 2025
MOL Danube Refinery Fire Incident
A fire at the Danube Refinery's AV3 plant was contained. No injuries reported. Authorities monitor air quality. Hungarian fuel supply remains secure. Investigation and damage assessment ongoing.
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9 October 2025
Gabriel-Chemie Expands Hungarian Production Site
The expansion boosts office, warehouse, and production space, enhances production lines, and adds energy-efficient tech, including a photovoltaic system for sustainable growth.
30 September 2025
Toray Sells Remaining Stake in Hungarian Battery Separator Venture to LG Chem
Toray sells its final 30% stake in a Hungarian battery separator venture to LG Chem for ¥30 billion, continuing its operations in Japan and South Korea. Impact on Toray's results is minimal.
18 September 2025
Iberdrola Sells Hungarian Business for €171 Million
The sale includes 158 MW of wind assets. The move aligns with a strategy to focus on key markets like the US and UK, emphasizing regulated or long-term contracted generation.
18 September 2025
MOL Group Converts Plastic Waste into High-Value Products at Tiszaújváros Site
MOL's pilot test in Hungary converts plastic waste into polyethylene and polypropylene, advancing its circular economy strategy with ISCC PLUS certification.
18 September 2025
MOL and O&GD Uncover New Oil Field
A new oil field near Galgahévíz, Hungary, produces 1,000 barrels/day, enhancing domestic energy security and reducing import dependency.
15 September 2025
Gunvor Partners with New Energy for Industrial Tire Recycling
The collaboration will supply pyrolysis oil from waste tires for refineries, reducing carbon emissions and supporting circular economy goals.
11 September 2025
Momentive Expands European Distribution with Safic-Alcan Partnership
Safic-Alcan will distribute Momentive's silicone elastomers in France and Eastern Europe, enhancing market reach and supporting innovation, performance, and sustainability.
29 August 2025
MOL Explores Geothermal Energy at Danube Refinery
3D seismic surveys assess geothermal potential to enhance refinery energy efficiency. Results in six months could lead to further studies if promising.
8 August 2025
MOL Group Advances SAF and HVO Production on World Biodiesel Day
MOL Group completes SAF and HVO tests at Rijeka and Bratislava refineries, highlighting readiness for sustainable fuel production and commitment to EU climate goals.
4 August 2025
KMG Delivers First Oil to Hungary via Croatia
Kazakh oil reaches Hungary through Croatia, marking a strategic expansion in EU markets. A Framework Agreement for future deliveries was signed.
28 March 2025
MOL Petrochemicals Develops Battery Storage Facility
MOL is building a 40 MWh battery storage in Tiszaújváros to balance Hungary's grid, supported by EU funding. Completion is expected by Q1 2026.
4 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.
10 July 2024
Lummus and MOL Launch Waste Plastic Recycling Plant in Hungary
The plant will process 40,000 tons of waste plastics annually, using advanced pyrolysis technology to produce circular petrochemicals with zero direct scope 1 emissions.
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.
18 January 2024
Andrada Group to Open €33M Green Energy Recycling Plant in Sóskút
The plant will create 160 jobs, recycle energy storage systems, and support Hungary's green transition with advanced, sustainable technology. Operations to expand across Europe.
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.
25 November 2022
BMW to Invest Over €2 Billion in Hungarian Plant by 2025
The new plant in Debrecen will create 500+ jobs, feature advanced battery assembly, and launch a dual education program. It aims for sustainability with reduced carbon footprint and faster, longer-range batteries.
18 October 2022
Toyo Ink Opens CNT Dispersion Plant in Hungary
The new plant in Hungary produces CNT dispersions for EV batteries, supplying SK On. It aims to expand production sixfold by 2023, supporting the growing EV market and global supply chain.
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.
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