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MOL Group and Lummus Technology have partnered to launch the first Lummus Advanced Waste Plastic Recycling plant at MOL Petrochemicals in Tiszaújváros (Eastern Hungary).
This plant, with an annual capacity of 40,000 tons, aims to chemically recycle mixed plastic waste into high-value chemicals and raw materials. It incorporates advanced greenhouse gas reduction technologies, including an all-electric pyrolysis reactor, ensuring zero direct scope 1 emissions during operation.
The initiative aligns with MOL’s commitment to manage and recycle about 5 million tons of municipal solid waste annually in Hungary, promoting a circular economy.
MOL has also invested in plastic waste recycling across Central Europe, offering sustainable compounds for industries like automotive, construction, and packaging.
Gabriel Szabó, MOL Group’s Managing Director, emphasized the role of the chemicals industry in advancing the circular economy and sustainability. The partnership with Lummus integrates proven pyrolysis technology to address global plastic waste challenges by converting waste into valuable resources.
The project is part of a broader 2023 partnership between Lummus and MOL to implement chemical plastic recycling in Hungary and Slovakia, supported by Lummus’ Green Circle technology.
This technology facilitates efficient conversion of plastic waste into chemicals and raw materials, contributing to environmental goals such as reduced carbon emissions and enhanced resource utilization.
Via MTI; Featured Image: Facebook / Szijjártó Péter