International Sustainability Certification for Mol Group

The Mol Group has been awarded the International Sustainability and Carbon Certification (ISCC Plus) for the chemical recycling activities at the Mol Petrochemicals site in Tiszaújváros, NE Hungary. The certificate will enable the company to create a comprehensive value chain covering the entire life cycle of plastic waste, the company told MTI on Wednesday.

According to the statement, the value chain starts with the activities of the Waste Management Plc. (MOHU). MOHU plays a key role in collecting plastic waste and transforming it into a valuable resource.

The company is committed to meeting EU targets and aims to significantly increase its domestic recycling rate from the current 32% to 65%, it said.

The statement quoted Péter Császár, managing director of Mol Group Chemicals, as saying that chemical recycling offers an innovative solution to the growing plastic waste problem, especially for materials that cannot be processed by traditional mechanical recycling.

The Mol Group is aiming to start trial production this year, with the aim of expanding the company's product portfolio with types made from chemically recycled polymers.

Mol also indicated in a statement that its medium-term plans include the construction of a pyrolysis plant with a capacity of 40,000 tons in Tiszaújváros. The planned investment also underlines the company's commitment to a more sustainable future for the plastics industry, they stressed.