Hungary's MOL ramping up new rubber bitumen plant

24 September 2013 15:27  [Source: ICIS news]

LONDON (ICIS)--MOL is ramping up production at its newly-launched plant for the production of paving asphalt derived from a mixture of bitumen and used tyres, the Hungarian oil, gas and petrochemicals group said on Wednesday.

The group invested forint (Ft) 300m ($1.4m, €1.0m) in the construction of the installation at its refinery site in Zalaegerszeg, western Hungary.

Slightly over one-third of the capital expenditure, Ft128m, was covered by state funds provided via the Hungarian government’s Operational Programme for Economic Development.

During a summer trial phase, MOL produced 200 tonnes of the paving asphalt at the installation, and is now aiming for full production of 5,000 tonnes/year, with an option of expanding to 10,000 tonnes/year, MOL spokeswoman Judit Nemeth said.

“We are continuously negotiating with the state organisations authorised for financing road reconstructions and the companies assigned as contractors for implementing such works so that this product, which offers longer [road] life times and high-quality roads, can be more extensively applied all over Hungary,” said Zsolt Petho, director of MOL Hungary Downstream.

($1 = €0.74, $1 = Ft221.24, €1 = Ft298.62)

By: Will Conroy
+44 20 8652 3214

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