Budapest – Hungarian petrochemical company MOL will use Evonik HPPO technology to produce 200 kT/year propylene oxide, the firm announced on 20 July 2017.
This is part of the firm’s strategy to become a ‘significant producer of polyether polyols, high added-value intermediates for products applied in the automotive, packaging and furniture industries,’ it said in a press release. The investment will also see provision of production lines for polyether polyols, the firm said.
MOL will buy technology licenses and process design packages for Evonik’s hydrogen peroxide to propylene oxide technology (HPPO). This marks ‘the beginning of a long-term partnership between MOL Group, Evonik and thyssenkrupp,’ MOL’s statement continued.
The announcement is part of MOL’s 2030 long-term strategy which has earmarked around $1.9 bn investment between 2017 and 2021.
The new PO product line will ‘not only provide access to attractive markets in the CEE, but will form a logical continuation of MOL’s strategy to move further along the downstream value chain towards semi-commodity and specialty chemicals products,’ the firm said.