Fatal blast at MOL petrochemical plant in Hungary
An explosion at the Olefin 1 steam cracker unit in Tiszaujvaros killed one person and injured seven others during a plant restart. MOL shares fell 1.9 percent as authorities and company experts began investigating the cause of the compressor failure.
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MOL HUNGARIAN OIL AND GAS PL shares fell 1.9% after an explosion at its Tiszaujvaros plant in Hungary killed one person on May 22. The blast occurred during the restart of the Olefin 1 unit, which produces 370,000 metric tons of ethylene annually. The plant's ethylene output supplies MOL's internal polyethylene manufacturing and regional plastics packaging customers.
