Episode 1190: Think Tank: MOL’s head of petchems – how polyols project drives shift from fuels to chemicals

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