MOSCOW (MRC) -- MOL Group (Budapest, Hungary) has announced that Rossi Biofuel (a joint venture wherein MOL Group and Envien Group are the 25-75% owners) inaugurated a new plant in Komarom, Hungary, which will significantly increase the biofuel production volume in the country. With this investment, MOL Group and Envien Group launched a technology in Europe that can boost greenhouse gas savings by more than 85%, according to Chemical Engineering.
With a capacity of 50,000 tons per year, the plant is the first in Europe to use the RepCat technology offered by Austrian firm BDI-BioEnergy International GmbH, which is highly flexible in terms of raw materials - it allows the processing of greasy wastes of different types and origins, such as used cooking oils, trap grease, animal fats or residues from vegetable oil production. Biodiesel produced in this way is one of the most climate-friendly fuels.
“We have brought a unique technology to Europe that allows us to produce biofuel from almost any type of fats. This is a huge success for all of us, as circular economy is one of the cornerstones of MOL Group’s updated strategy. We have made a commitment to recycle waste in an efficient way, and to meet the world’s growing energy needs with increasingly sustainable solutions. Energy transition is a long and complex process, but this investment clearly shows that conventional fuels can be turned into more environmentally friendly with the right technology and by using waste” – said Oszkar Vilagi, Deputy Chief Executive Officer of MOL Group.
With the construction of the plant, the MOL Group and Envien Group are aiming to respond to both consumer and regulatory demands: the aim is for Rossi Biofuel to comply with EU rules on renewable transportation fuels. Rossi Biofuel’s product is used as a bio-component in the production of diesel at Danube Refinery and Slovnaft refinery.
“This new modern plant is the Envien Group’s first major investment in the production of advanced biofuels, where waste is processed into useful products. In our opinion, a plant that uses waste and mainly domestic raw materials, contributes to the greenhouse gas savings of transport and at the same time boosts and stimulates the local economy and employment, a way forward and a priority for the group. Due to the Hungarian subsidies, we decided to locate the plant in our production base in Komarom, Hungary, and we are confident that this is not our last project of this kind” – said Ing. Robert Spisak, PhD., Chairman of the Board of Rossi Biofuel.
As MRC reported earlier, The MOL transformation story began in 2016 when it was one of the first within the oil and gas sector to admit that there were gloomy days ahead and that it was essential to begin the transformation. To plot out the path to a low-carbon future, the company published MOL Group 2030+. Five years after the launch of that transformation plan, the Hungarian energy company has revised its goals with an updated strategy.
We remind that in March 2021, MOL became a biofuel producer through the realization of an investment in the Danube Refinery. Bio feedstock will be co-processed together with fossil materials increasing the renewable share of fuels and reducing up to 200,000 tons /year CO2 emission without negatively affecting fuel quality.
MOL is the largest Hungarian oil, gas and petrochemical group, engaged in exploration and production, transportation of hydrocarbons, as well as the operation of a network of trunk gas pipelines. TVK is a 100% subsidiary of MOL. TVK manufactures HDPE, LDPE, and PP.