Budapest – MOL has signed a technology purchase agreement with thyssenkrupp Industrial Solutions (Thailand) for its HPPO propylene oxide project, part of its polyol strategy announced in July.
The contract covers the purchase of technology licenses, process design and front-end engineering design of the production units to convert propylene oxide into polyether polyols and propylene glycol using Evonik technology. At the time of the July announcement, MOL said it marked ‘the beginning of a long-term partnership between MOL Group, Evonik and thyssenkrupp.’
When the investment is complete, MOL said it expects to become ‘the main polyether polyol and propylene glycol producer in central Europe.’
MOL will be investing in thyssenkrupp’s Jet Reactor design. The contract also contains a pre-agreement for thyssenkrupp to supply and install the polyether polyol plant.
By signing this contract, MOL group said it has ‘secured all technology licences and engineering resources for each production unit of the polyol project. The contracts signed in July concerned the purchase of technology licences and process design packages for the HPPO (hydrogen peroxide to propylene oxide) technology used in propylene oxide production.’
