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MOL Group to acquire OMV s business in Slovenia - Chemical Engineering

(Page 1) OMV AG (Vienna, Austria) and MOL Group (Budapest, Hungary) announced an agreement for MOL Group to acquire OMV Slovenia. The agreement encompasses 120

Renewable Feed, New Technology and C2C Strategies Offer Opportunities for Refiners - Chemical Engineering

Renewable Feed, New Technology and C2C Strategies Offer Opportunities for Refiners The TBEC series has been added to this company’s range… By Scott Jenkins | May 1, 2021 After a rough past year, petroleum refineries are seeking profit opportunities through the use of renewable feedstocks, such as vegetable oils and waste fats, as well as with new alkylation technologies and by increasing “crude-to-chemicals” (C2C) approaches The past 18 months have generally been extraordinarily challenging for the world’s petroleum refineries, as pandemic-related restrictions dramatically reduced demand for refinery products and cut refinery utilization rates. Even with demand for transportation fuels returning as the world economy begins to emerge from the pandemic, long-term growth in gasoline and diesel fuel demand is not expected. Flat fuel demand growth, coupled with a broader trend toward decarbonizing the energy sector and increasing investment tied to environmental, social an

MOL Group starts biofuels processing at Danube Refinery - Chemical Engineering

MOL Group starts biofuels processing at Danube Refinery By Mary Page Bailey | March 16, 2021 Following several years of research and development, MOL Group (Budapest, Hungary) has stepped up the value chain and has become a biofuel producer, through the realization of an investment in the Danube Refinery. Bio feedstock will be co-processed together with fossil materials increasing the renewable share of fuels and reducing up to 200,000 tons /year CO2 emission without negatively affecting fuel quality. “MOL Group has been a biofuel user by purchasing more than 500.000 tons of biofuels (bioethanol and biodiesel) for blending. With this investment, we have started to produce sustainable diesel for the first time within MOL Group and we became biofuel producers.  The benefits are numerous, as we produce more sustainable fuel, we will also help the circular economy by recycling waste. In line with our recently updated strategy, “SHAPE TOMORROW” we are planning to produce 100.0

MOL accelerates $4 5-billion fuels-to-chemicals transition

MOL accelerates $4 5-billion fuels-to-chemicals transition
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