News Post
Burckhardt awarded modernization project at MOL petchem plant in Hungary
Burckhardt Compression was selected to modernize MOL Petrochemicals' third-party Hyper Compressor at its LDPE plant in Tiszaújváros, Hungary. The goal was to improve production performance and to establish a comprehensive, long-term service capability with a running-hours guarantee.
The Hyper Compressor at the low-density polyethylene (LDPE) plant has been in operation at MOL Petrochemicals in Tiszaújváros, Hungary, since 1991.
The project scope includes the Burckhardt Hypropack cartridge system, plungers and central valves for two second-stage cylinders, which will be installed using special tools, all under the supervision of reciprocating field service specialists. Burckhardt Compression will maintain service by deploying qualified service engineers and providing specific training for MOL Group both on-site and at its headquarters in Switzerland.
MOL Group, an integrated, international oil and gas company, has petrochemical plants in Tiszaújváros, Hungary and Bratislava, Slovakia with combined annual production of 1.25 MMt. In line with its strategy MOL Group 2030, the company is diversifying away from motor fuels and expanding its petrochemicals portfolio with the aim of becoming a leading chemical company in Central and Eastern Europe.
It plans to invest around $4.5 B on growth projects by 2030, deepening its downstream integration throughout the value chain whilst also moving towards semi-commodity and specialty products. MOL also commissioned a new butadiene plant last year, while a synthetic rubber plant (SSBR)—currently under construction—is scheduled to start operations in 2018.
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