Mol Group signs further license agreement with thyssenkrupp
Following the announcement made in July 2017 about entering into contracts with Evonik and thyssenkrupp to produce propylene oxide, Mol Group has recently signed an additional agreement with thyssenkrupp Industrial Solutions (Thailand) Ltd covering technological steps to convert propylene-oxide into polyether polyols and propylene glycols.
The contract concerns the purchase of technology licenses, process design packages and front-end engineering design of the production units that convert propylene-oxide into polyether polyols and propylene glycols. According to Mol Group, upon completion of the investment it will become the main polyether polyol and propylene glycol producer in Central Europe. The thyssenkrupp polyol technology is based on its Jet Reactor design, which provides Mol the best available safety, quality, operability, flexibility and productivity, the company said.
Front-end Engineering including necessary product testing will be delivered from thyssenkrupp’s technology and R&D centre for Oleochemicals in Thailand. The contract also contains a pre-agreement for thyssenkrupp to supply and install the polyether polyol plant.
In line with its 2030 strategy, Mol Group said it will move further along the petrochemical value chain towards semi-commodity and speciality chemicals products, transforming into a leading chemical group in CEE. Polyether polyols, which serve as feedstock for polyurethane foam, were identified as the main direction in Mol’s petrochemical expansion due to their wide applications in the automotive, construction, packaging and furniture industries. Through this key investment Mol said it will become the only integrated polyol producer in CEE.
Propylene glycols, which constitute an additional product line in the project scope, are propylene oxide derivatives produced by most of the major forward integrated propylene oxide producers. Propylene glycols have a wide range of applications including the production of unsaturated polyester resins (UPR), personal care and pharmaceutical additives and other industrial applications.
By signing this contract, Mol Group said it has secured all technology licenses and engineering resources for each production unit of the Polyol Project. The contracts previously signed in July 2017 concerned the purchase of technology licenses and process design packages for the HPPO (hydrogen peroxide to propylene oxide) technology of propylene oxide production.