PODCAST: MOL head of petchems – how polyols project drives shift from fuels to chemicals

BARCELONA (ICIS)–MOL’s €1.3bn polyols project helps move the company’s balance from transport fuels towards chemical production, according to Peter Csaszar, the company’s 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 provides feedstocks for recycling, energy recovery
• New EU parliament must make industrial policy a top priority

In this Think Tank podcast, Will Beacham interviews ICIS Insight Editor  Peter Csaszar, senior vice president, chemicals for MOL and Paul Hodges, chairman of New Normal Consulting.

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

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