News Post
MOL Group opens new Hungary butadiene plant
By EDITH BALAZS
Bloomberg
Hungarian refiner MOL Group’s newly-built plant processing butadiene, a key component for rubber manufacturing, is set to boost the company’s profit by as much as 10 billion forint ($34 million) each year, CEO Zsolt Hernadi said.
The factory, built at a cost of 35 billion forint, will produce 130,000 metric tons of butadiene annually and will start full commercial operation this quarter, Hernadi told an opening ceremony in Tiszaujvaros, eastern Hungary, on Tuesday.
Construction of a synthetic rubber plant, with an annual capacity of 60,000 tons, will begin in November in Tiszaujvaros, he said.
The plant, estimated to cost 70 billion forint, will be built in co-operation with Japan’s JSR Corp.
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