MOL Group's petrochemical activity
MOL Group is an oil, gas, and petrochemicals company. Our petrochemical assets are INTEGRATED backward with crude oil, ensuring a RELIABILITY of supply. We leverage refinery integration benefits, securing feedstock, maintaining a robust financial background, and holding a strong position in regional markets. Our STATE OF THE ART TECHNOLOGIES deliver HIGH QUALITY products.
MOL Group Chemicals brings decades of experience to the petrochemical industry and offers a competitive portfolio of high quality products in our core region. We operate two production sites in Hungary (Százhalombatta & Tiszaújváros) and one production site in Slovakia (Bratislava), from which we offer complex and flexible logistics solutions.
Our goal is to become the FIRST CHOICE of our partners in our core region by leveraging the advantages of our location in Central and Eastern Europe.
MOL Group Chemicals consists of three business units: Polymer, Base Chemicals, and Polyol.
We offer our partners Tailor-Made Polymer SOLUTIONS that help build a SUCCESSFUL RELATIONSHIP. Base Chemicals offers a wide range of high quality aromatics, monomers (Butadiene, ethylene, proplyene), aliphatics, maleic anhydride, base oils, fully refined macro, intermedier and micro waxes. Polyol is a new venture for MOL, which will start commercial production in 2024 in Tiszaújváros, using the most advanced, safe and environmentally friendly technologies.
We prioritize OPERATIONAL EXCELLENCE, regularly maintaining our machines and assets to ensure smooth operations and minimize the risk of production outages. We optimize and harmonize our operations among our three different production sites.
In anticipation of increasing consumer demand for chemical products made from sustainable resources, MOL Group Chemicals is committed to sustainable and profitable growth. Our new strategy supports this ambition:
MOL Group Chemicals' strategy is centered on becoming a sustainable company. Alongside reducing the carbon footprint of our product portfolio, we will enhance the sustainability of industrial activities and integrate circular economy technologies into the core business. This commitment is further exemplified by our acquisition of the Together for Sustainability certification and ISCC+ for selected production sites, showcasing MOL's unwavering dedication to sustainability.
Our aim is to:
- Strengthen and sustain our market leadership position in Central and Eastern Europe with a focus on expanding market share in specialties
- Increase sales of added-value products & services
- Integrate circular economy technologies to increase the contribution of bio- and waste streams to production
- Invest $1 billion in waste integration, recycling and medium-scale chemical investments
- Spend more than $1 billion on projects that enable energy efficiency, and reduce the business's GHG emissions
- Increase the use of renewable electricity
- Further strengthen security of supply in the region with logistics investments
MOL Group Chemicals’ Management
Péter Császár CEO of MOL Petrochemicals and SVP of MOL Downstream Chemicals
Péter Császár holds an MSC degree in Finance from Corvinus University of Budapest. After graduating, he immediately started working in the energy sector as an investment and industry analyst in Budapest, London and Warsaw.
He joined MOL Group in 2013, where he took over the management of Logistics Hungary in 2019, after holding several financial management positions, including the positions of BoD member of Italian operations and Group DS CFO. After almost 2 years of successful operations, he continued his career as Head of Production Hungary, where he was responsible for the management of the Danube and Zala refineries. Under his leadership, the most complex and successful major turnaround in the history of the Danube Refinery was successfully completed, securing fuel supplies for the country and the region in 2022. Since 1 February 2023, he has been CEO of MOL Petrochemicals and SVP of MOL Downstream Chemicals.
Krisztina Petrényiné Szabó, Group Polymers BU Director
Krisztina Petrényiné Szabó graduated from University of Miskolc with a degree in Marketing Management and then from the Budapest University of Economics with a second master's degree in International Business and Economics.
She started her career in polymer sales at MOL Petrochemicals and later held various management positions in Downstream business.
From 2016 to 2019, she oversaw the development of the polyol business, and up until 2022, she also managed MOL Group Downstream overall business development efforts. Her professional support has been instrumental in shaping MOL’s 2030 strategy.
She was then Head of Circular Chemicals within the DS New & Sustainable Businesses until she was appointed Group Polymers BU Director. In 2019, she received the Sustainable Future Award in the Leading Women category from the Business Council for Sustainable Development in Hungary.
Katalin Nádas Head of Group Base Chemicals BU
Katalin Nádas graduated from the University of Nyíregyháza with a degree in International Relations and continued her studies at the Maastricht School of Management MBA and Corvinus University Executive MBA.
She started her career in the chemical industry in 2003 as a specialist and product manager for all refinery chemicals. From 2014, she was responsible for export sales and subsidiary coordination within the LPG business, and in 2017, she resumed her career in the chemicals business in various management positions. Following the creation of the Group Chemicals Business, she was responsible for managing the Group Base Chemicals Business from 2022.
She has been Head of Group Base Chemicals BU since October 2023.
Zoltán Haár Head of Group Chemicals Margin Management
Zoltán Haár holds a master's degree in Economics from the University of Economics in Bratislava.
Zoltán then started his career at Slovnaft in 2005. In a career spanning almost 20 years, he has worked in many different areas but has always remained close to the petrochemical business. After gaining experience in the finance and controlling area, he took over the management of Petrochemical Business Support in 2014. In 2016, he was promoted to Head of Petrochemical Optimisation and from 2020 he was responsible for Group Petrochemical Trading.
On 1 October 2023, Zoltán was appointed Head of Group ChemicalsMargin Management. The main activities of the organisation are focused on two main areas: a) the management of short-term margin effects and optimal inventory levels that affect the Group's operations and scheduling, and b) the impact of the economic environment on planning processes, in close cooperation with financial partner organisations.
Tamás Füzes Head of Group Chemicals Business Support
Tamás Füzes obtained his economist degrees from the Corvinus University of Budapest and later on from the Faculty of Finance and Accountancy of the Budapest Business University specializing in Business Administration and Management and in Corporate Finance.
Before joining MOL Group, he held various finance positions in a UK telecommunications company and was a manager in the financial transformation consulting practice at Deloitte, where he led a number of projects for various multinational companies, mainly in the financial and energy sectors.
Tamás joined the MOL Group Financial Planning & Reporting team in 2018 and continued his career as a senior project manager in Group Operation, ERP Strategy & Execution from 2020. From 2021, he led the MOL DS Business Excellence team.
On 15 September 2023, Tamás was appointed Head of Group Chemicals Business Support. The organisation's main areas include data and process management, customer and product portfolio management, and B2B marketing activities.
