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Hydrogen • Energy efficiency • Renewables • Power plants

Research & development • Dec 2020

New research and development center in Százhalombatta

MOL has opened a new polyol research and development center, named after György Mosonyi, the late CEO of MOL, in Százhalombatta, Hungary to develop polyol products that meet the needs of customers • The experimental reactor system, which is the most modern in the world, was supplied and commissioned by thyssenkrupp Industrial Solutions • 90% of the other assets in the project were procured from Hungarian suppliers • In addition, MOL and thyssenkrupp have entered into a joint research and development agreement.

MOL Group's 2030 strategy sets the goal of increasing the share of contribution of the petrochemical business to the results of the entire group. The EUR 1.2 billion investment in the polyol complex in Tiszaújváros serves to achieve this. To underpin this investment and ensure that the plant meets the needs of the markets it serves,

MOL established the research and development center at the Danube Refinery. The EUR 10 million investment center will fund up to 12 engineers and 7 technicians and the most advanced experimental reactor system in the world, supplied and commissioned by thyssenkrupp Industrial Solutions with 90% of equipment procured from Hungarian suppliers.

MOL and thyssenkrupp have also entered into a joint research and development agreement to facilitate the entry of both companies into the polyol market: thyssenkrupp as a technology service provider and engineering-procurement-construction (EPC) contractor, and MOL as a manufacturer and seller of various polyol products.

Gabriel Szabó, EVP of MOL Group Downstream, said: "The research and development center bears the name of György Mosonyi, the late CEO of MOL, who was deeply committed to innovation throughout his work, so this a worthy tribute to his memory. 

It is a state-of-the-art laboratory, equipped with all the necessary tools, instruments and most importantly it has great experts who will ensure that the R&D activities can serve the development of market-ready products, to be later produced by the polyol plant in Tiszaújváros. Centre is outstanding not only for MOL, but as the most advanced polyol research center in Central and Eastern Europe it has national significance and we hope that the scientific results of it will be of high value internationally as well."

"With our agreement on joint research and development, this R&D center is a big step forward to explore and win the new markets MOL is addressing with the polyols. We are excited for this new chapter in our joint journey and confident that this partnership will be an important success factor on our path to develop advanced and sustainable technology and products for a better future," Sami Pelkonen, CEO of thyssenkrupp's Chemical & Process Technologies business unit added.

The research and development center will conduct tests of the physicochemical properties of polyols, as well as laboratory tests and application experiments of polyurethane foams made from them. By July 2022, at least 10 polyol grades will be developed in the newly built facility. In order to compare and validate the results of the measurements, the company also plans to cooperate with the laboratories of several Hungarian universities and independent research institutions.

These collaborations will help to further develop the methodologies used in the polyol R&D center and increase the knowledge base of universities. As well as to the MOL Group, the center will offer outstanding value to the Hungarian and international scientific community for years to come.

MOL's project "Research and Development of Polyether Polyol Grades with Market Potential", which is supported by the National Office for Research, Development and Innovation with HUF 483,269,279, will also take place primarily in the newly opened research center. • 12/20

MOL Group is an integrated, international oil and gas company with its headquarters in Budapest, with an international and dynamic workforce of 25,000 in more than 30 countries and an industrial history of more than 100 years. MOL's exploration and production activities are supported by more than 80 years of experience in the hydrocarbon industry. It currently has extraction activities in 9 countries and has research assets in 14 countries. MOL Group operates three refineries and two petrochemical plants under integrated supply chain management in Hungary, Slovakia and Croatia, and its retail network includes 1,940 filling stations in 10 countries in Central and South-Eastern Europe.

Ghana • Energy • Jan 2020

Siemens supports Ghana’s transformation trajectory

Addressing energy and infrastructure challenges in Ghana • Ensuring job creation and skills development of youth in Ghana • Supporting Ghana’s goal of sustainable industrialization

Siemens has signed a Memorandum of Understanding (MoU) with the Republic of Ghana to address the country’s energy and infrastructure challenges, while contributing to the Governments growth and development agenda of creating high quality jobs and enhancing the vocational skills of Ghana’s youth.

The MoU was signed by Siemens and the Ghana Grid Company Limited (GRIDCo) in the presence of His Excellency, the President of the Republic of Ghana, Nana Akufo-Addo and the President and Global Chief Executive Officer of Siemens AG, Joe Kaeser.

Under the agreement, the two companies will work collaboratively to upgrade and extend Ghana’s transmission infrastructure, improve the country’s grid capacity and stability, enable and expand a stable power export to neighbouring countries in the West African Power Pool.

“Access to electricity is an imperative need for the people and business and, thus, for economic success of any economy. As Ghana has significantly invested into generation capacity, there is now an urgent need to build a reliable, affordable and sustainable electrical network for the country and its people.

With our proven and unique end-to-end electrification solutions, our expertise and reliability, Siemens can be a technology partner and help the country achieve its objectives,” Joe Kaeser, President and CEO of Siemens. The President of the Republic of Ghana has set out to achieve an ambitious strategy to transform the country, both socially and economically, driving its progress to becoming a sustainably industrialized county.

The Government is currently delivering on the promises made in their 2016 election manifesto. These goals include the issuing of National ID Cards, the reduction of electricity prices, reviving Ghana’s railways and reversing the trend of declining economic growth.

“We applaud Ghana for all its achievements under the leadership of President Nana Akufo- Addo. We are eager to contribute to Ghana’s successes by creating local value and being a powerful and reliable regional partner to the country's socio-economic development goals,” says Joe Kaeser.

To support Ghana’s increasing need to reform the national Technical and Vocational Education and Training (TVET) system, Siemens will also educate and train young Ghanaians in various engineering disciplines and provide training on Siemens equipment for STEM education and TVET.

Joe Kaeser further stated that Siemens is pleased to be entering this partnership and contributing to the growth and development of Ghana. Improving the energy sector in Ghana is now one of the key priorities for Siemens, therefore the implementation of this MoU will help leapfrog the country and its people towards its industrial and societal development goals. • 1/20


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Natural resources • 3/2020

DuPont Sustainable Solutions Acquires Lodestone Partners

Merger Gives DuPont Sustainable Solutions (DSS) Expanded Capability, Deep Experience and Proven Methodologies in Operations Excellence

DuPont Sustainable Solutions (DSS) this month announced that it has acquired the assets of Lodestone Partners, a global consulting firm recognized for helping companies in the resource industry achieve sustainable improvements in operating performance.

The acquisition, which was effective February 29, deepens DSS’ knowledge and capability in the area of operations excellence, particularly in the natural resource and mining industry. “Combining Lodestone’s highly respected operational improvement expertise with DSS’ risk management capabilities will now enable us to deliver an integrated operations transformation capability that is not currently available in the marketplace,” said Johan van der Westhuyzen, regional director for Turkey, Middle East, and Africa at DuPont Sustainable Solutions.

“This acquisition significantly expands DSS’ ability to help our clients protect their people and improve operations and is a significant step forward in our strategy to accelerate growth in select geographies and industries since becoming an independent company in September.”

“DSS is an acknowledged world leader in helping companies protect their people and manage risks, with incredibly strong capabilities in operations risk management, capability development, data analytics and digital technology integration. We are excited to join with DSS and contribute an enhanced operations excellence offering to the portfolio of services DSS offers to its clients,” said Robin Schleich, former Director of Lodestone Partners.

Lodestone Partners is based in Toronto, Canada and has worked at clients’ operations around the globe, including Canada, the United States, Australia, South Africa and Saudi Arabia. Its clients include many of the world’s largest resource companies as well as commodity-specific mid-tier mining companies.

Robin Schleich, former Director of Lodestone Partners, has assumed the new role of Director for Operations Excellence practice within DSS. The addition of Lodestone Partners’ experienced senior consultants means that DSS will now have more than 900 consultants operating out of 40 global offices. • 3/20




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