MOL Nyrt Starts Construction Of HUF300 Million Rubber Bitumen Plant
January 18 2012 - 6:53AM
Dow Jones News
MOL Nyrt. (MOL.BU) said Wednesday it has started building a
rubber bitumen plant in western Hungary that will have a total
investment of 300 million forints ($1.3 million).
MAIN FACTS:
-The facility will manufacture a patented rubber bitumen from a
mixture of bitumen and used tires.
-The plant is being built at MOL's refinery in Zalaegerszeg.
-MOL has been approved HUF128 million in state funds for the
project.
-Trial production is expected to start in the summer.
-MOL said rubber bitumen is recognized as an improved pavement
solution and is also environmentally friendly because it is
produced through reusing old tires.
-Budapest Bureau, Dow Jones Newswires; +36-1-267-0622;
budapest@dowjones.com