Heavy industrial activities in Northern Hungary

“my dad’s old car” by .:Photo_Steel:. is licensed under CC BY-ND 2.0.

In July 2017, Hungarian petrochemical company MOL announced it was preparing for one of the largest organic investments in its history, spending about EUR 1 billion to build a petrochemical complex for the production of plastic raw polyols. Then in mid-October, Mol signed another contract with Thyssenkrup, which, according to the summer announcement, would supply the ‘technological heart’ to the petrochemical complex, together with Evonik IP; under this new contract, the project was to be expanded with the addition of a propylene glycol production unit. In November 2021, construction of the multi-plant complex with almost three thousand workers, was ongoing.

Further reading

Portfolio (2017): A magyarok is nagyot kaszálhatnak a Mol gigaberuházásán. Read here.
Portfolio (2021): Fontos autóipari beruházásnak tették le az alapkövét Miskolcon. Read here.