MOL Petrochemicals, a subsidiary of MOL Hungary, is expanding its renewable energy capabilities with the construction of a 48 MW solar power plant, which will become one of the largest consumer-connected solar facilities in the country. This new development was announced by MOL’s Managing Director Gyorgy Bacsa at the company’s existing 6 MW solar power plant.

The new solar facility, set to be located on a 66-hectare tailings site, will directly power the petrochemical plant, supplying green energy at competitive prices and supporting the company’s operations. The solar plant will help meet MOL’s growing energy needs while significantly reducing its carbon footprint.

The project represents a major step in MOL’s sustainability efforts, with Bacsa stating that the new solar power plant will reduce the site’s carbon dioxide emissions by 17,000 tons annually. The plant will also cover 5% of MOL Petrochemicals’ electricity consumption, generating enough power to meet the annual electricity needs of approximately 28,000 average households.

The facility is expected to be completed by the second quarter of 2026, with an estimated technological investment of €40 million, financed entirely through private resources. Additionally, MOL plans to build energy storage facilities in the future to further enhance the project’s sustainability and energy efficiency.

MOL Petrochemicals’ CEO Peter Csaszar highlighted that the solar power plant will not only contribute to energy independence but will also reduce the amount of energy the company needs to purchase, thereby improving competitiveness in the market.