Expanding in Circular Economy
THE POLYOL PROJECT REPRESENTS AN IMPORTANT MILESTONE FOR
STEPPING FORWARD IN THE PROPYLENE VALUE CHAIN
LARGEST ORGANIC INVESTMENT IN MOL GROUP HISTORY
POLYOL PROJECT
▸ Moving from commodity (polypropylene)
to semi commodity
MARKET
▸ In CEE there is still gap in supply-demand
POLYOL UNITS & SUPPLY DEMAND IN EMEA 2024 (KT)
DRIVER
► 205 ktpa of polyol
TARGET
VOLUME
‣ 60 ktpa propylene glycol (PG)
Flexible and rigid foams
TARGET
SEGMENTS
‣ Unsaturated polyester resin
(UPR), functional fluids,
GRADUAL
RAMP UP
EBITDA
POTENTIAL
~USD 150
Mn/year
personal care products
►1) Technical constraint: Breeding period
► 2) Market constraint: Quality customization
period
Timeline: 2023 - 2025
MARGIN
400-500
USD/t
1600
WE
CEE
900
600
700
450
Africa
210
CAPEX
ESTIMATE
FTE NEED
*Full capacity
Polyol plants
~USD 1.3 Bn
~200
-210
-150
Middle-East
300
150 150
Source, IHS study, IAL 2018 study
New Polyol Plant in 2017
New Polyol Plant in 2022
Supply in 2024
Demand in 2024
Balance in 2024
MOLGROUP | 22View entire presentation