June 2024 – Kinstellar is proud to have advised the MOL Group, a leading international integrated oil and gas company, in connection with legal aspects of the MOL Group’s flagship EUR 1.3 billion new polyol complex in Tiszaújváros, Hungary.
The new polyol complex, which has just been inaugurated, has the capacity of producing around 200,000 tonnes of polyol per year, and providing long-term employment for nearly 300 people. This landmark project had started in 2017 and Kinstellar has been assisting MOL in connection with the project from 2020.
As a result of this project MOL has become the first company in the CEE region to have a fully-integrated value chain from crude oil to polyol production.
The Kinstellar team was led by Kristóf Ferenczi, Firm Managing Partner, supported by László Bujáki, Senior Associate in Kinstellar’s Energy & Natural Resources service line, as well as Balázs Sepsey, Budapest Office Managing Partner.