MOL Group has entered into key contracts related to core technologies of the Polyol Project. The contracts concern the purchase of technology licenses and process design packages for the hydrogen peroxide to propylene oxide (HPPO) technology of propylene oxide production.
The licensor of the hydrogen-peroxide unit for captive use is Evonik, while a consortium formed by Evonik and thyssenkrupp Industrial Solutions (a global steel producer with locations throughout the Americas) licenses the propylene oxide unit.
In addition, MOL Group has selected Fluor as Project Management Consultant (PMC) for the front end engineering design and engineering, procurement and construction phases of the project.