Mol Petrochemicals Private Company (Mol) and Helm have agreed on a long-term marketing co-operation for propylene glycols produced by Mol in its backwards-integrated, newly built polyol chemical complex in Tiszaújváros, Hungary. The product range will include both technical and higher value added monopropylene glycol and dipropylene glycol grades. The Tiszaújváros complex will produce polyols and propylene glycols using efficient and environmentally friendly technologies such as the HPPO process (propylene oxide from hydrogen peroxide) developed by Thyssen Krupp and Evonik. The overall progress of the Project has exceeded 90 percent.
In the marketing agreement with Helm, Mol will contribute with its extensive knowledge in the production of petrochemicals, while Helm will provide its supply chain know-how and commercial expertise through its global market presence. Both partners also cooperate on developing the highest standards of certified propylene glycols, to distribute the materials in all fields of applications, including pharmaceutical raw materials as well as industrial applications for unsaturated polyester resin production and to serve the deicing sector. Helm’s market knowledge and infrastructure ensure Mol’s successful and efficient propylene glycol market entry in the selected regions. However, CEE market sales, as Mol’s home market, will be co-ordinated by Mol.
"Helm is proud to be selected as exclusive marketing partner by Mol to serve the North, West and South of Europe with high quality Propylene Glycols. The cooperation will strengthen Helm´s global set up and enables us to become a major player in Propylene Glycols next to the existing strong position in Ethylene Glycols,“ says Axel Viering, Member of the Executive Board of Helm. “The polyol project represents an important milestone in the history of the entire Mol Group for stepping forward in the value chain and producing high value-added petrochemical products. We look forward to the collaboration with Helm and believe that it will also be essential for ensuring the successful ramp up of the polyol complex,” stated Gabriel Szabó, Executive Vice President, Mol Group Downstream.
