Underscores Lummus and MOL's commitment to
developing sustainable solutions for the circular economy
HOUSTON, July 11,
2024 /PRNewswire/ -- Lummus Technology, a global
provider of process technologies and value-driven energy solutions,
and MOL Group, the leading integrated Central Eastern European oil
and gas corporation, announced the commencement of the design phase
for the first Lummus Advanced Waste Plastic Recycling unit.
The first plant, which will be located at MOL Petrochemicals Co.
Ltd. in Tiszaújváro, Hungary, will
have a processing capacity of 40,000 tons of mixed waste plastics
per annum and will produce circular petrochemical building blocks
which MOL will process in their petrochemical facility. The plant
will also feature advanced greenhouse gas (GHG) reduction design
elements, including a fully electric pyrolysis reactor which will
result in zero direct scope 1 emissions from the unit during normal
operation.
"This is another milestone for Lummus and MOL Group, and a
significant step towards increasing the circularity of our
industry," said Leon de Bruyn,
President and CEO of Lummus Technology. "We are leveraging Lummus'
innovative technology and MOL's operational excellence to further
our joint commitment of providing sustainable solutions that
address global plastic waste challenges."
Chemical recycling of plastics is part of MOL's commitment to
collect close to 5 million tonnes of municipal solid waste, which
includes the treatment and related investments. MOL has committed
to drive circularity and has recently invested in addressing waste
plastics recycling in Central
Europe. As a result, MOL will be able to offer a wide range
of sustainable compounds for various industries, including the
automotive, construction, building and packaging sectors.
"The chemical industry will also play an important role in
kick-starting the circular economy and accelerating the smart
transition," said Gabriel Szabó, Executive Vice President of
Downstream, MOL Group. "This is why MOL Group has been paying
special attention to this area for years, with increasing results.
With the construction of a pyrolysis plant with a capacity of
40,000 tons, we are taking a very important step forward in the
field of plastics recycling. Lummus pyrolysis technology will
enable us to transform plastic waste into high-value chemicals and
raw materials, providing a new response to the challenges of waste
management. This collaboration demonstrates our industrial
competitiveness and our commitment to a sustainable future."
This project is part of the partnership Lummus and MOL announced
in 2023 to deploy and integrate chemical recycling of plastics at
MOL's assets in Hungary and
Slovakia. Lummus' Green Circle
business unit is providing MOL advanced waste plastic pyrolysis
technology, which effectively converts plastic waste into
high-value chemicals and feedstocks, creating circularity. This
technology is a proven, reliable, economically attractive solution
to address the global plastic waste problem, which offers
additional environmental benefits such as a lower carbon footprint
and the elimination of char production. Lummus will also provide
its experience and expertise in steam cracking, catalytic cracking
and residue processing technology to ensure that integration with
MOL's existing assets is optimized.
Green Circle concentrates and expands Lummus Technology's
capabilities to capture new opportunities in the energy transition
and circular economy. Green Circle is a leader in providing
economically and technically sound solutions to: process solid
wastes containing plastics; process various renewable bio-based
feedstocks to value-added chemicals, polymers and fuels;
decarbonize refinery and petrochemicals assets; and expand
production of blue hydrogen and biofuels.
About Lummus: Lummus Technology is the global leader in
developing technology solutions that make modern life possible and
focus on a more sustainable, low carbon future. We license process
technologies in clean fuels, renewables, petrochemicals, polymers,
gas processing and supply lifecycle services, catalysts,
proprietary equipment and digitalization to customers worldwide. To
learn more about Lummus, visit www.LummusTechnology.com.
About MOL Group: MOL Group is an international,
integrated oil, gas, petrochemicals and consumer retail company,
headquartered in Budapest,
Hungary. It is active in over 30 countries with a dynamic
international workforce of 25,000 people and a track record of more
than 100 years. MOL Group operates three refineries and two
petrochemicals plants under integrated supply chain-management in
Hungary, Slovakia and Croatia, and owns a network of almost 2400
service stations across 10 countries in Central & South Eastern
Europe. MOL's exploration and production activities are supported
by more than 85 years' experience in the field of hydrocarbons and
30 years in the injection of CO2. At the moment, there are
production activities in 9 countries and exploration assets in 14
countries.
MOL is committed to transform its traditional fossil-fuel-based
operations into a low-carbon, sustainable business model and
aspires to become net carbon neutral by 2050 while shaping the
low-carbon circular economy in Central-and Eastern Europe.
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SOURCE Lummus Technology, LLC