MOL wins 35-year municipal waste management concession
Image by Postmodern Studio / Shutterstock.com
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.
ADVERTISEMENT
Gov't Grants Support HUF 87 bln in Healthcare Investments
Parl't Approves Amendments to Legislation on Judiciary
Poland Jobless Rate Lowers Further in April
Accommodation Fully Booked Over Pentecost Weekend
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
