Sustainability

Lummus Technology and MOL Group started advanced recycling plant.

Published: July 16, 2024
Author: DIGITAL MEDIA EXECUTIVE

The first Lummus Advanced Waste Plastic Recycling unit’s design phase has begun thanks to the collaboration of Lummus Technology, a leading global pioneer in process technology and energy solutions, and MOL Group, a significant oil and gas company in Central and Eastern Europe. Situated in Tiszaújváros, Hungary, at MOL Petrochemicals Co. Ltd., the plant is designed to process 40,000 tons of mixed waste plastics per year and generate circular petrochemical building blocks for MOL’s petrochemical facility. Recycling of waste

The facility has cutting-edge components for reducing greenhouse gas emissions, such as an electric pyrolysis reactor that produces zero direct scope 1 emissions when operating normally.

“This significant achievement highlights our dedication to enhancing industry circularity,” stated Leon de Bruyn, CEO and President of Lummus Technology. “We are providing sustainable solutions addressing global plastic waste challenges by leveraging our innovative technology and MOL’s operational excellence.” Recycling of Waste

 As part of its commitment to chemical recycling, MOL gathers and processes up to 5 million tons of municipal solid waste annually. Through this project, MOL will be able to provide sustainable compounds to the packaging, construction, and automotive industries. MOL Group’s Executive Vice President of Downstream, Gabriel Szabó, highlighted the chemical industry’s contribution to the circular economy movement. In the realm of plastics recycling, the building of a 40,000-ton pyrolysis facility is a noteworthy development.

Plastic waste will be converted into useful chemicals thanks to Lummus’ pyrolysis technology, showcasing our industrial prowess and dedication to sustainability.

 

Related Posts

Ahead of COP28 Summit, experts suggest action plan to bridge Rs. 16 trillion sustainable financing gap in MSME sector