MOL Hungarian Oil and Gas Public Ltd., a leading international oil and gas company, has awarded a contract to thyssenkrupp Industrial Solutions to build a new polyol complex. The MOL group is investing a total of around 1.2 billion euros in the project. The contract for the engineering, procurement and construction of the chemical complex was signed on 12 September 2018. The complex with an annual production capacity of 200,000 tons of polyether polyol will be built in the northern Hungarian town of Tiszaújváros, 160 kilometers from the capital Budapest, close to an existing MOL refinery. Polyether polyols are needed to produce polyurethane, an important material for products in the automotive, packaging and furniture industries.