Thyssenkrupp and MOL Group are collaborating to build a new chemical complex in Hungary. The €1.2bn plant in Tiszaújváros is expected to be operational by 2021 and will produce 200,000 tons of polyols per year. The complex will use environmentally friendly technologies, including the HPPO process developed by Thyssenkrupp and Evonik. MOL Group will become a major player in the region's chemical industry, controlling the entire value chain from crude oil extraction to polyol production. The project is expected to attract additional investors to the area and enhance Tiszaújváros' position in the chemical industry.
“Today marks an important step for the transformation of the chemical industry in Hungary as well as for the cooperation between MOL and thyssenkrupp,” said Dr. Sami Pelkonen, CEO Chemical & Process Technologies at thyssenkrupp Industrial Solutions. ”With its Vision 2030, MOL is pursuing an ambitious growth agenda. We are proud and sustainably committed to support this vision and to contribute with our technologies and know-how to an innovative and sustainable chemical sector.”
Polyol is an important and highly sought-after plastic raw material that is used in numerous industries, from automotive manufacturing to construction to the clothing industry. The new Tiszaújváros complex will produce polyether polyols using efficient and environmentally friendly technologies such as the HPPO process (propylene oxide from hydrogen peroxide) developed by thyssenkrupp and Evonik.
“This investment project will make MOL Group one of the most important players in the region’s chemical industry, with MOL being the only Central and Eastern European company to control the entire value chain from crude oil extraction to polyol production,” said Zsolt Hernádi. “Once commissioned in 2021, the plant will further enhance the position of Tiszaújváros in the chemical industry, as the expertise and the new production infrastructure established here may attract additional investors to the area.”