Mol Polyol Complex Inaugurated in Tiszaújváros

There is no Europe without industry, and there is no Hungary either, and Mol believes that it can only remain strong with a sovereign and competitive industry. That is according to the CEO of the petrochemical Mol Group, Zsolt Hernádi at the inauguration of the Mol Polyol Complex in Tiszaújváros on Tuesday.

At the ceremony, which was also attended by prime minister Viktor Orbán, Zsolt Hernádi said in his welcome speech that "one of the largest industrial developments of modern Hungary" was handed over in the city. He added that the completed project is the largest organic investment in the history of the group, which was realized with a total investment of EUR 1.3 billion.

Zsolt Hernádi said that the Hungarian government had supported the investment with a grant of around EUR 131 million and a corporate tax credit, which, in addition to industrial development, also contributed to the creation of new jobs.

He said that the Mol Polyol Complex opens a new chapter in the chemical industry of the whole region, as a high-tech, automated group of plants, the Hungarian chemical industry has been "put on the world map of the chemical industry".

He stressed that the Mol Group would be the first company in the region to "hold the value chain of plastics production in one hand", from crude oil extraction to polyol production, thus strengthening the country's sovereignty and future security of supply. He added that Thyssenkrupp, the construction contractor, had brought real environmentally friendly, innovative technology to Tiszaújváros, and a modern research and development center had also been built in Százhalombatta.

He stressed that the company had "ambitious" plans for the development of the Hungarian economy and the EUR 1.3 billion Mol Polyol Complex was one of the "outstanding, shining stages of this great journey".

Zsolt Hernádi said that when he looks at the completed investment, he sees not only that it is the largest organic investment in the history of the group, but also that "there is hope that European and domestic industry can be saved".