Investor Presentaiton
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
CAPEX
ESTIMATE
FTE NEED
*Full capacity
~USD 1.3 Bn
~200
WE
CEE
900
600
700
450
Africa
210
-210
-150
Middle-East
300
150 150
Source, IHS study, IAL 2018 study
Polyol plants
New Polyol Plant in 2017
New Polyol Plant in 2022
Supply in 2024
Demand in 2024
Balance in 2024
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