HUNGARY: TVK okays basic engineering package for Tiszaujvaros butadiene project

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.

Source: Weekly "PetroChemical News", Durham, NC, USA; 19 Aug 2013(Syed Rashid Ali, Karachi, Pakistan)