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    “Rockwell and Clearpath together will simplify the difficult and labor-intensive task of moving materials and product through an orchestrated and safe system to optimize operations throughout the entire manufacturing facility” Blake Moret, Chairman and CEO, Rockwell Automation.
    Blake Moret, Chairman and CEO, Rockwell Automation
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    MOL Group signed cooperation agreement with the Kazakhstani national oil company, KazMunayGas

    Budapest, 20/11/2024 – MOL Group and Kazakhstani national oil company KazMunayGas (KMG) have signed today a cooperation agreement to jointly explore opportunities in the oil, gas and petrochemical sector. This agreement builds on the successful joint venture in Kazakhstan, where MOL, KMG and Sinopec from China have been producing gas and gas condensate at the Rozhkovskoye field.Under the cooperation agreement, MOL Group and KMG expressed their desire to investigate new growth opportunities in the areas of hydrocarbon exploration and production, technology transfer, crude supply, and

    MOL Group and Turkish Petroleum to establish strategic partnership for hydrocarbon explorations

    Budapest/Istanbul, 16[th] October 2024: MOL Group signed a Memorandum of Understanding with Turkish Petroleum Corporation (TPAO) in Istanbul to cooperate as strategic partners in the exploration and production of hydrocarbons. The companies agreed to elevate their cooperation to a new level after successful international joint projects to potential partnership in exploration in Türkiye and further potential projects in other regions.Under the Memorandum of Understanding (MoU), MOL Group and Turkish Petroleum have expressed their intention to jointly provide their experience, technical and

    MOL signed major agreement in Azerbaijan to develop gas reserves of the ACG field

    Budapest/Baku, 23[rd] September 2024: MOL Group and its Joint Venture (JV) partners signed commercial agreements for the development of gas reserves in Azerbaijan. After SOCAR and BP, MOL is the third largest shareholder in the giant ACG field, where non-associated gas reservoirs were identified beneath and above the producing oil reservoirs. The partners have now agreed on the development and commercial exploitation of these reserves. MOL has also signed a Memorandum of Understanding with SOCAR to evaluate further potential cooperation opportunities in the area of hydrocarbon exploration in

    MOL started production in the largest capacity green hydrogen plant of the region

    · The 10 megawatt electrolysis unit entered into production at MOL’s plant in Százhalombatta · MOL produces 1600 tonnes of green hydrogen per year using electricity from renewable sources · MOL will use the green hydrogen primarily in its own network for fuel production · The plant will reduce carbon dioxide emissions of the Danube Refinery by 25 000 tonnesSzázhalombatta, 4[th] September 2024:  At the Százhalombatta refinery of MOL, a 10 megawatt capacity green hydrogen plant, the largest in Central and Eastern Europe has started producing. The facility produces 1,600 tonnes of

    MOL Pakistan makes 3 new discoveries in the TAL Block with Razgir-1 exploratory well

    Budapest/Islamabad, 16 August 2024: MOL Pakistan has made 3 significant gas discoveries in the TAL Block, where the company has operated for 25 years and produced hydrocarbons for 19 years. The Razgir-1 exploratory well was spudded on 9 January 2024, and drilled to 3,950 meters. Three successful well tests have been performed so far in 3 separate geological formations. MOL is the operator of the TAL Block and its share is 8.4 % of the volumes produced.MOL spudded the Razgir-1 well in January 2024 and completed it ahead of the target date while testing operations are in progress to ascertain

    Lummus and MOL Group Begin Engineering Execution on Advanced Waste Plastic Recycling Plant in Hungary

    Underscores Lummus and MOL’s commitment to developing sustainable solutions for the circular economyHOUSTON, July 12, 2024 — 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

    Ministerial Summit on Europe's Competitiveness Held at MOL Group Headquarters

    Budapest, July 8, 2024 - The first informal meeting of the Competitiveness Council, held under the Hungarian presidency of the Council of the European Union, took place at MOL Group’s headquarters. EU ministers and state secretaries responsible for competitiveness convened in MOL Campus to discuss the continent's challenges. Industrial stakeholders emphasized that maintaining Europe's competitiveness is crucial for the success of the green energy transition, requiring collaboration and a conducive environment for industrial development. The event was addressed by Zoltán Áldott, Chairman of

    MOL Group launches "Low Carbon and New Energies" organization within its Exploration and Production Division

    Budapest/Zagreb, 3 July 2024 – MOL Group, a leading player in the energy sector in Central and Eastern Europe, unveils its latest endeavor in sustainable energy solutions with the creation of "Low Carbon and New Energies" branch within its Exploration and Production division. This new organization is based in Zagreb and marks a significant step forward in MOL Group’s commitment to deliver low carbon solutions within the industry.With a dedicated focus on reducing carbon footprint and pioneering renewable energy initiatives, Low Carbon and New Energies branch address sustainability-related

    MOL's €1.3 billion polyol complex in Tiszaújváros inaugurated

    · The €1.3 billion project is MOL's largest organic investment to date, for which it has also received support from the Hungarian state · The complex will produce raw materials for durable plastic consumer goods such as bed mattresses, moulded car seats, insulation for houses and elastic rubber soles for sports shoes · Thanks to the innovative technology of Germany's thyssenkrupp Uhde and Evonik, the plant is operating with the most advanced technology availableTiszaújváros, May 14, 2024 - MOL's EUR 1.3 billion polyol complex in Tiszaújváros, boasting a capacity of around 200,000

    MOL inaugurates the largest green hydrogen plant of the region

    · MOL produces 1600 tonnes of green hydrogen per year using electricity from renewable sources · The plant will reduce carbon dioxide emissions of the Danube Refinery by 25 000 tonnes · With the introduction of this technology, MOL Group has taken an important step towards carbon neutrality and sustainable mobility · The EUR 22 million investment is in line with the MOL Group's long-term corporate strategy SHAPE TOMORROW · The company is planning green hydrogen plants in Rijeka and Bratislava, following on from SzázhalombattaSzázhalombatta, Hungary, 11 April 2024 - MOL Group has

    MOL Group 2022 Results: Strong EBITDA Despite a Turbulent Year

    · Full-year 2022 Clean CCS EBITDA amounted to USD 4,702mn, due to the Upstream and Downstream contribution driven by overall favorable oil macro environment · Group-level Q4 2022 Clean CCS EBITDA reached USD 1,074mn, 26% lower than in the previous quarter · Upstream Q4 2022 Clean EBITDA rose by 8% to USD 492mn year-on-year and decreased quarter-on-quarter, dented by extra royalty payments in Hungary and regulated gas price scheme in Croatia · Downstream Q4 2022 CCS EBITDA reached USD 384mn, increased by  9% year-on-year, as diminishing Petchem contribution was offset by higher

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