Tiszujvaros, Hungary – Petrochemical company MOL Group marked the next step in its plan to make polyols when a foundation stone for the 200kT/year, EUR 1.2bn plant was laid in late September.
The plant will be MOL's biggest investment to date and includes EUR 131m from the EU via the Hungarian government. The company expects it to contribute around EUR 150m/year to its EBITDA.
Zsolt Hernadi is MOL's chairman. At the opening he said MOL will become 'the only Central and Eastern European company to control the entire value chain from crude oil extraction to polyol production.'
The company will use HPPO technology from ThyssenKrupp and Evonik to make polyols.
According to earlier reports Flour will manage the project.