Hungarian energy company MOL’s polyol plant to be operational by mid-2021

01-Oct-19

Hungarian energy company MOL’s polyol plant will be operational by mid-2021 and running at full annual capacity by 2023. The plant, built by Germany’s ThyssenKrupp, will make MOL the only integrated producer of polyether polyols in Central and Eastern Europe. The project will cost about 1.2 billion euros, with the Hungarian government contributing 131 million euros in the form of corporate tax allowances and cash.

By 2023, the plant would be able to produce 200,000 tons of polyether polyol, its maximum planned annual output.