Tiszujvaros, Hungary – Hungarian petrochemical company, MOL, said that construction at its 200 kT/year polyol plant is 50% complete.
Speaking at his company's annual results conference in late February, CEO Zsolt Hernadi said: 'We have reached 50% completion at our flagship polyol project.' The company also confirmed that the plant is on time and on budget. It added that had ramped up construction in 2019.
Mol announced it had laid the plant's foundation stone in September last year.
Located in Tiszujvaros, Hungary, this will be the company's biggest investment to date. The investment includes EUR 131m from the EU via the Hungarian government. The company expects it to contribute around EUR 150m/year to its EBITDA.
According to earlier reports, Fluor will manage the project.