Episode 1190: Think Tank: MOL’s head of petchems – how polyols project drives shift from fuels to chemicals

ICIS - chemical podcasts

English - June 04, 2024 00:00 - 42 minutes - 58.9 MB
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Previous Episode: Episode 1189: PODCAST: European PVC market outlook remains challenging in 2024

Next Episode: Episode 1191: Fertilizer market remains on sidelines as it looks for demand

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