Our Major Investments

Our Major Investments

Polyol project

MOL (Hungarian Oil and Gas Public Limited Company) plans a new industrial complex consists of HPPO plants having 200 kt/year propylene oxide production capacity with several production lines for polyether polyols and propylene glycol

MOL to become

  • the sole fully integrated regional polyol producer in CE and the 3rd fully integrated producer in Europe 
  • the largest polyol and PG producer in CE with
  • strategic partner of polyurethane producers in Europe building on a fully integrated value chain
  • to only dispose with state-of-the-art and energy-efficient HPPO technology in Europe


What has been accomplished?

  • Key technology license contracts signed for HPPO technology and converting propylene-oxide into polyether polyols and propylene glycols
  • Fluor Corporation selected as project management consultant (PMC) for FEED, procurement and construction phases of the project
  • Decision is made that the plant will be located in Tiszaújváros
  • Engineering, procurement and construction (EPC) contract with Thyssenkrupp Industrial Solutions AG was signed on 6th Sept