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TATNEFT and Hungarian MOL Group will produce innovative bitumen

The companies will build a rubber-modified bitumen (RBM) installation at the TANECO complex

TATNEFT and Hungarian MOL Group will produce innovative bitumen

Kazan, July 7 - Neftegaz.RU. The installation made according to the Hungarian company’s technology will allow producing high-quality astringent for the road surface and will provide for the secondary processing of up to 500 000 automotive tyres per year.

The launch of high-tech production facility of the about 25 000 tons of RBM has been scheduled in the middle of 2023.

The official ceremony has started the joint project implementation and it was attended by Rustam Minnikhanov, President of Tatarstan; Péter Szijjártó, Hungarian Foreign Minister; Nail Maganov, Gen. Director of TATNEFT, Ilshat Salakhov, Director Gen.of TANECO, Kristof Szabo, Gen. Director of the Hungarian Export Development Agency and representatives of the MOL Group.

The parties have agreed to establish a joint venture RMB-RUSS and signed the contract for a grant of the Hungarian Export Development Agency has been signed.

In addition to the production and sale of the rubber-modified bitumen, the joint venture will disseminate the licensed technology of MOL.
Inter alia, the main advantages of the RMB include reducing the costs of road maintenance associated with improved resistance to wheel tracking, cracks and pits formation, as well as reducing the braking path length by 5 to 10%, etc.

Nail Maganov said:
  • This is an example of a partnership between 2 companies, our practical participation in solving global problems of warming and responsible consumption based on the concept of a circular economy
The investments amount in the project will account for RUB 1.2 billion.
The project financing will be partially made through the tender arrangements by the Hungarian Export Support Agency (HEPA).

HEPA has extended a non-recurring irrevocable grant to support the overseas use of a patented MOL technology for reimbursing up to 50% of the capex amount to ensure the project compliance with the requirements of structural conditions and profitability.
At the same time, 51% of the joint venture share will belong to the MOL Group.

The partners will be able to change the structure of cooperation 5 years after the production facility commissioning.
The partnership is aimed at solving decarbonization tasks in the sustainable development framework.

Oscar Vilagi, General Director for Innovation of the MOL Group noted:
  • The rubber-modified bitumen technology developed by MOL and the University of Pannonia, can now contribute to strengthening the closed cycle economy of the Commonwealth of Independent States peoples, offering a way to recycle rubber tyres, previously considered waste, into a material for the construction of a road surface.
  • In addition to the technology development, such cooperation also serves the future of our children, since global warming does not recognize national borders
  • We have a common destiny, although we live thousands of kilometers away from each other
To read the full story in Russian

Author: Elena Alifirova

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