The contract targets the purchase of technology licenses, process design packages and front-end engineering design of the production units that convert propylene-oxide into polyether polyols and propylene glycols. Upon completion of the investment MOL Group is expected to become the main polyether polyol and propylene glycol producer in Central Europe.
Front-end engineering including necessary product testing will be delivered from thyssenkrupp’s technology and R&D centre for Oleochemicals in Thailand. The contract also contains a pre-agreement for thyssenkrupp to supply and install the Polyether Polyol plant.
Propylene glycols, which constitute an additional product line in the project scope, are propylene oxide derivatives produced by most of the major forward integrated propylene oxide producers. Propylene glycols have a wide range of applications including the production of unsaturated polyester resins (UPR), personal care and pharmaceutical additives and other industrial applications.
In accordance with its strategy for 2030, MOL Group aims to make progress in developing chemical semi-products and special chemical products, becoming an important chemical group in Central and Eastern Europe. The group operates in over 30 countries, has some 25,000 employees worldwide and holds four refineries and two petrochemical units. It also has a network of over 2,000 gas stations in Central and Southeast Europe, in ten countries, of which over 200 units in Romania.