Thyssenkrupp’s Industrial Solutions business area has received a major order to build a new integrated chemical complex in Hungary. The customer for the project is the MOL Group, a leading international oil and gas company from Hungary. The contracts for the engineering, procurement and construction (EPC) of the new plant complex were signed on September 12, 2018 in Budapest. MOL is investing a total of around 1.2 billion euros in the new plant complex. The project is part of the MOL 2030 growth strategy under which the company is developing new value chains in the petrochemical sector. The complex with an annual production capacity of 200,000 t of polyether polyol is scheduled to go into operation in 2021. It will make MOL the only integrated producer of polyether polyols – important intermediates for products in the automotive, construction, packaging and furniture industries – in Central and Eastern Europe.
The chemical complex is being built in Tiszaújváros in northern Hungary. It consists of plants for the production of the necessary intermediates hydrogen peroxide and propylene oxide, several production lines for polyether polyols and propylene glycol as well as related supply infrastructure.