Episode 1190: Think Tank: MOL’s head of petchems – how polyols project drives shift from fuels to chemicals
MOL’s €1.3bn polyols project helps move the company’s balance from transport fuels towards chemical production, according to Peter Csaszar, senior vice president, chemicals. - Long-term, Hungary’s MOL will move towards chemicals as demand for transport fuels declines- Russia-Ukraine war raised importance of energy security - Commercial scale start-up of polyols project by end summer-early autumn- On-spec commercial production expected by end 2024- Production targeted at Europe- Europe chemicals still suffering, improvement expected by 2025- MOL has 35-year contract to manage Hungary’s municipal waste - Waste provide feedstocks for recycling, energy recovery- New EU parliament must make industrial policy a top priority