Hungary: Petrochemical Value Chain Chevron Lummus to Conduct Master Plan Study for Mol Group
Chevron Lummus Global (CLG), a joint venture between Chevron and CB&I, has been selected for a Master Plan Study by Mol Group headquartered in Budapest, Hungary.
Richmond/USA — The study awarded to the JV will assist Mol Group in its long-term strategy to gradually increase the share of non-motor fuel products to above 50 % by 2030 through selected investment projects primarily focused on the petrochemical and chemical value chains.
Leon de Bruyn, Managing Director of CLG, said that the joint venture would contribute its complete refining and petrochemicals technology portfolio as well as their experienced process planning expertise to the project in order to offer insight for the client's long-term strategy.
CLG previously revamped a HDS unit into a mild hydrocracker at Mol’s Danube refinery, licensed a hydrocracker unit at its Rijeka refinery and licensed a LC-Fininig unit at the Slovnaft refinery in Bratislava.