MOL wins 35-year municipal waste management concession

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Hungarian oil and gas company MOL on Friday said it won a state tender for a 35-year municipal waste management concession, according to a report by state news wire MTI.

Under the concession, which enters force on July 1, 2023, MOL will collect 4.5 million-5 mln tonnes of mainly municipal solid waste a year.

Total waste generated in Hungary each year is about 20 mln tonnes. 

The company will also plow around HUF 185 bln into waste management infrastructure and establish new waste-to-energy generation capacity of at least 100,000 tonnes per year within the first five years of the concession.

MOL's entry into waste management is in line with its 2030+ strategy to invest in new, low-carbon, circular economy businesses.

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