MOSCOW (MRC) -- Tisza Chemical Group (TVK) has approved the basic engineering package submitted by the Lurgi/OTF consortium for a new 130,000-t/y butadiene unit to be built in Tiszaujvaros, Hungary, as per GV.
TVK’s MOL subsidiary last year notified the Budapest Stock Exchange of its plan to build a butadiene plant in
Tiszaujvaros, but did not disclose the plant’s capacity or a construction schedule. At the time, MOL noted that butadiene is “a completely new product” for the company.
TVK said the tender of several key pieces of equipment has been closed and the procurement of other equipment is underway.
“Accomplishment of the butadiene extraction unit is ongoing according to schedule and the planned start-up of commercial production in Q1 2015 seems to be feasible,” stated Zsolt Petho, chief executive of TVK.
Petho said that in addition to the extraction of butadiene, TVK is investigating opportunities to enter into the synthetic rubber business.
According to MRC, TVK is a significant player in market of polyolefins in Ukraine.
Tiszai Vegyi Kombinat (TVK) is a Hungarian manufacturer of olefins and polyolefins such as polyethylene and polypropylene. Feedstock is supplied by MOL of which TVK is a subsidiary and which also processes a major portion of resulting by-products from the olefins plant.
MRC