Hungarian oil company MOL and Japanese JSR Corp begun construction of synthetic rubber (S-SBR) factory in Tiszaújváros, Northern Hungary

  • The plant is a joint venture of MOL and the Japanese JSR Corporation
  • New plant to produce 60,000 tons of synthetic rubber from 2017
  • The investment is a clear step forward for MOL’s petrochemical value chain

Budapest, Hungary, 22-11-2013 — /EuropaWire/ — MOL has reached an agreement with the Japanese JSR Corporation (JSR) to establish a joint venture in Hungary, which will manufacture synthetic rubber (S-SBR) in Tiszaújváros from 2017. This product is one of the most innovative raw materials for safe and fuel efficient tires. By bringing state of the art Japanese technological innovation to Tiszaújváros, the joint venture will expand the knowledge base of MOL and the Hungarian industry.

MOL has reached an agreement with the Japanese JSR Corporation (JSR) to establish a joint venture in Hungary and to construct a new plant in the town of Tiszaújváros. The joint venture will be incorporated with 51% held by JSR and 49% by MOL. The new plant’s capacity will be 60,000 tons per annum, and will create over 100 workplaces in the long term.

One of the most important raw materials of the S-SBR will be manufactured by MOL group, TVK butadiene plant starting in Tiszaújváros as well in 2015 with 130,000 tons/year capacity.

S-SBR (solution polymerization styrene-butadiene rubber) will be manufactured from 2017 in the new plant in Tiszaújváros. The product is presently one of the best quality feedstocks for producing rubber tires with very good adhesion properties, and with lower motor fuel need.

Located in Hungary, the joint venture has advantages for the synthetic rubber manufacturing: Some major tire manufacturers have already commenced their operations in the country. And there is regional access from Hungary to Western Europe’s major tire manufacturers, as well as to Central-Eastern Europe, Russia, and Turkey, where the expansion of tire production is expected.

Sándor Fasimon, COO of MOL Hungary said: “Besides the fact that MOL’s petrochemicals value chain will be expanded with this step we are also strengthening the Hungarian industry, since world leading technology will operate in the North region of Hungary.”

About MOL Group
MOL Group is an integrated, independent, international oil and gas company, headquartered in Budapest, Hungary. It has operations in over 40 countries and employs almost 28,000 people worldwide. MOL’s exploration and production activities are supported by more than 75 years’ experience in the hydrocarbon field. At the moment, there are production plants in 7 countries and exploration assets in 12 countries. The Group operates five refineries and two petrochemicals plants, under integrated supply chain management, in Hungary, Slovakia, Croatia and Italy. MOL Group also owns a network of over 1,700 filling stations across 11 countries in Central & South Eastern Europe.




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