PODCAST: MOL head of petchems – how polyols project drives shift from fuels to chemicals

Will Beacham


BARCELONA (ICIS)–MOL’s €1.3bn polyols project helps move the company’s balance from transport fuels towards chemical production, according to Peter Csaszar, the company’s senior vice president, chemicals.

  • Long-term, Hungary’s MOL will move towards chemicals as demand for transport fuels declines
  • Russia-Ukraine war raised importance of energy security
  • Commercial scale start-up of polyols project by end summer-early autumn
  • On-spec commercial production expected by end 2024
  • Production targeted at Europe
  • Europe chemicals still suffering, improvement expected by 2025
  • MOL has 35-year contract to manage Hungary’s municipal waste
  • Waste provides feedstocks for recycling, energy recovery
  • New EU parliament must make industrial policy a top priority

In this Think Tank podcast, Will Beacham interviews ICIS Insight Editor  Peter Csaszar, senior vice president, chemicals for MOL and Paul Hodges, chairman of New Normal Consulting.

Click here to listen to the podcast

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

ICIS is organising regular updates to help the industry understand current market trends. Register here .

Read the latest issue of ICIS Chemical Business.

Read Paul Hodges and John Richardson’s ICIS blogs.


Global News + ICIS Chemical Business (ICB)

See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.

Contact us

Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.

Contact us to learn how we can support you as you transact today and plan for tomorrow.