Page 20 - Plastcs News August 2017

COMPANY NEWS

MOL Plc partners with Evonik Industries and Thyssenkrupp for

HPPO plant

oL Plc has partnered with Germany's Evonik Industries area of chemicals and petrochemicals for the period of
Mand Thyssenkrupp for its propylene oxide plant. MoL 2017-21. The industrial complex, which will be built in
Group has entered into key contracts related to core Hungary, will be the single largest organic investment
technologies of the Polyol Project, which was announced in project of MoL Group in 2017-21. The new product line
2016 as part of the first investment cycle of the MOL 2030 will not only provide access to attractive markets in the
long-term strategy. The contracts concern the purchase of CEE, but it will also form a logical continuation of MoL’s
technology licenses and process design packages for the strategy to move further along the Downstream value
so called HPPo (hydrogen peroxide to propylene oxide) chain towards semi-commodity and specialty chemicals
technology of propylene oxide production. The licensor products. The planned new industrial complex consists
of the hydrogen-peroxide unit for captive use is Evonik IP of the HPPo plants having 200 kt/year propylene oxide
GmbH (“Evonik”), while a consortium formed by Evonik production capacity, several production lines for polyether
and Thyssenkrupp Industrial Solutions (“Thyssenkrupp”) polyols, utilities and other infrastructural investments.
licenses the propylene oxide unit. The contracts also
contain binding offers and pre-agreements regarding the Indorama Ventures completes
later engineering and execution phases of the HPPo units
brownfield expansion of PTA

plant at Rotterdam

ndorama Ventures Public Ltd. has announced
Icompletion of the brownfield expansion of its
Purified Terephthalic Acid (PTA) plant, resulting
in the total PTA capacity of 700,000 metric tpa at
Rotterdam, and totally over 1 million m tpa together
with production capabilities in Spain. Currently, the
Rotterdam facility produces 380,000 m tpa of PTA,
which is entirely used as a major feedstock of the
site’s integrated Polyethylene Terephthalate (PET)
production, a recyclable packaging material.
by Thyssenkrupp and the purchase of proprietary catalysts The expanded plant is undergoing final stages of
from Evonik. The signing of these license contracts marks startup with expected commercial production in
the beginning of this major investment project that is of middle August 2017. Commenting on this expansion,
strategic importance for MoL, as well as the beginning of Aloke Lohia Group CEo of Indorama Ventures, said,
a long-term partnership between MoL Group, Evonik and “With this low cost proven technology and nearly
Thyssenkrupp. MOL Group is in the final stages of selecting double the PTA production capacity, the expansion
the licensor for polyether polyol technology as well as the will bring cost synergies to the site. The Rotterdam
contractor for the engineering of the utilities and other facility is well positioned to support the continued
facilities. In addition, MoL Group has selected Fluor as growth as its location allows access to the whole
of Europe. This additional production will replace
Project Management Consultant (PMC) for the front end purchased PTA and significantly improve European
engineering design and engineering, procurement and profitability. We now look forward to the start-up of
construction phases of the project. These agreements our gas cracker in Louisiana, USA in end of the year.
represent the first milestone in the execution of the MOL These two landmark projects will enhance earnings
2030 long-term strategy, which earmarked around US$1.9 and the competitiveness of IVL substantially,” Mr.
bln in investments for transformational projects in the Lohia concluded.

Plastics News | August 2017 20