Hungary: MOL Group and ThyssenKrupp Industrial Solutions have laid the foundation stone at a new polyol plant being built at Tiszaújváros. MOL Group is investing Euro1.2bn in the project. It is expected to be commissioned in 2021 and will produce around 200,000t/yr of polyols.
The new Tiszaújváros complex will produce polyether polyols using technologies such as the HPPO process (propylene oxide from hydrogen peroxide) developed by ThyssenKrupp and Evonik. Polyols produced at the new plant will be potentially used as a precursor chemical in many industries, including polyurethane building insulation.
“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, the chairman and chief executive officer (CEO) of MOL.
