- MOL is investing 1.2 billion euros in the new plant complex.
- The complex will produce 200,000 tons of polyether polyol annually.
- The project is scheduled to be operational by 2021.
- The complex includes plants for hydrogen peroxide, propylene oxide, polyether polyols, and propylene glycol.
Project Overview
thyssenkrupp’s Industrial Solutions business area has secured a major order to construct a new integrated chemical complex in Hungary for the MOL Group, a leading international oil and gas company. The contracts for engineering, procurement, and construction (EPC) were signed on September 12, 2018, in Budapest.
Investment and Strategy
MOL is investing approximately 1.2 billion euros in the new plant complex, which is part of its MOL 2030 growth strategy aimed at developing new value chains in the petrochemical sector. The complex will have an annual production capacity of 200,000 tons of polyether polyol and is expected to be operational by 2021. This will make MOL the only integrated producer of polyether polyols in Central and Eastern Europe, serving industries such as automotive, construction, packaging, and furniture.
Location and Components
The chemical complex is being built in Tiszaújváros, northern Hungary, on a 550,000 square meter site. It will include plants for producing hydrogen peroxide and propylene oxide, several production lines for polyether polyols and propylene glycol, and related supply infrastructure. thyssenkrupp will construct the turnkey plant complex, leveraging its extensive experience in chemical plant engineering and project management.
