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International Sustainability Certification for Mol Group

Jun 5, 2024

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 […]

Mol Polyol Complex Inaugurated in Tiszaújváros

May 14, 2024

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, […]

MOL Group: Solid Performance in the First Quarter of 2024

May 10, 2024

MOL Group delivered USD 382 mn Profit before tax in Q1 2024, amidst continued government takes and turnarounds in Downstream, the unfavorable effect of lower gas prices in Upstream, and continued strong non-fuel dynamics in Consumer Services. MOL Group generated USD 402 mn simplified free cash flow in Q1 2024, 22% lower compared to the […]

Mol's Green Hydrogen Plant Handed Over

Apr 11, 2024

The Hungarian oil company Mol's green hydrogen plant, established with a EUR 22 million investment, was inaugurated on Thursday in Százhalombatta, south of Budapest. In the new plant, carbon-free production can be realized on a large-scale industrial scale. József Molnár, CEO of the Mol Group, said at the opening ceremony that the company group has […]

Making the Region Greener, Self-Sufficient and Competitive

Mar 14, 2024

The Mol Group has updated its long-term strategy, 'Shape Tomorrow', with the aim of making the region greener, more self-sufficient and competitive, the company told MTI. According to the information, the main objective of the updated strategy is to enable a green energy transition while guaranteeing security of energy supply. To this end, the company […]

MOL Group Reports Stable Operations

Aug 4, 2023

The Hungarian oil and gas company MOL Group announced its financial results for Q2 and H1 2023 on the website of the Budapest Stock Exchange. In the first six months of the year, the Group delivered USD 1,125mn EBITDA while in Q2, the EBITDA reached USD 411mn. Both Downstream and Upstream results were hit by […]

Mol Acquires Biogas Plant in Szarvas

May 27, 2023

The Hungarian oil and gas company Mol has signed an agreement with BayWa AG to purchase the Szarvas Biogas Plant, a waste processing facility that uses organic waste to generate electricity and heat through cogeneration with a peak electrical capacity of about 4 megawatts in the eastern Hungarian town of Szarvas. According to the company, […]

Mol Group Authorized to Acquire OMV Slovenija

May 18, 2023

The European Commission has given its final approval for the acquisition of OMV Slovenija by the Hungarian oil and gas company Mol, putting the Mol Group on track to become the second largest player in the segment in Slovenia. The Mol Group has fulfilled all the conditions for closing the transaction to acquire a 92.25% […]

Decreasing 1st Quarter EBITDA at MOL Group

May 12, 2023

MOL Group delivered USD 714mn Clean CCS EBITDA in Q1 2023 (a 14% decrease compared to Q1 2022), despite regulatory headwinds and decreasing oil and gas prices, the Hungarian oil and gas conglomerate said this Friday morning, announcing its financial results for Q1 2023 on the website of the Budapest Stock Exchange. According to a […]

Growwwer, a MOL Group Graduate Program

Apr 26, 2023

The MOL Group is recruiting 74 Growwwer in seven countries to work on solutions to promote mobility, energy supply and sustainability in the region. MOL Group is once again launching Growww, one of the most exciting regional graduate programs in the region. The highly prestigious one-year program offers a wide range of opportunities for talented […]

Robust EBITDA by MOL Group in 2022

Feb 16, 2023

MOL Group announced its financial results for Q4 and full year 2022 on the website of the Budapest Stock Exchange. Despite the unprecedentedly turbulent external environment, MOL Group generated USD 1.074 billion in the fourth quarter of 2022, bringing full-year EBITDA to USD 4.702 billion. Upstream and Downstream together provided 95% of this result in […]

Mol Campus Inaugurated

Dec 8, 2022

Mol Campus, the Hungarian oil and gas company's new headquarters in Budapest was opened this Thursday, the state news agency MTI reports. 2,500 people will work in the building to grow the company, as it is necessary to secure Hungary's energy supply, the CEO of the Mol Group, Zsolt Hernádi said at the opening ceremony. […]

MOL’s Danube Refinery: Gradual Ramp-up of Production

Dec 7, 2022

The Hungarian oil and gas company MOL Plc. has notified market players on the website of the Budapest Stock Exchange that it is gradually restarting production at its Danube refinery. MOL initiated a planned shutdown of the Danube refinery in the first half of October 2022. During the restart, it was realized that further maintenance […]

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