MOL said the funding will be used to develop at least ten products that give it a competitive advantage over its peers.
MOL will make the products at a EUR 1.2 billion polyol plant it is building in Tiszaújváros (175 km northeast of Budapest) as part of its strategy to focus more on petrochemicals.
Polyols are an essential component of polyurethane which go into furniture, building materials and car parts.
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