Mol and thyssenkrupp: Laying of foundation stone for new polyol complex in Hungary
thyssenkrupp is building an integrated chemical complex in Hungary. The foundation stone for the polyether polyol production facility was laid on 27 September 2019 in Tiszaújváros. The oil and gas company Mol Group is investing a total of EUR 1.2 billion in the new plant complex. It is expected to be commissioned in 2021 and will produce around 200,000 t/y of polyols. The facility will produce polyether polyols using the HPPO process (propylene oxide from hydrogen peroxide) developed by thyssenkrupp and Evonik.
According to Mol Group, it will be the only company in Hungary and the entire Central and Eastern European region with an integrated value chain from crude oil extraction to the production of polyether polyols. The polyol project will provide long-term employment opportunity for 200 people, said the company.
“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.”
“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.”