Govʼt aids MOL, Audi, Szeged uni R&D partnership with HUF 4 bln

Pharma

Endre Véssey

The government is supporting a research partnership between oil and gas company MOL, the local unit of German carmaker Audi and the University of Szeged with a HUF 4 billion grant, Innovation and Technology Minister László Palkovics said in Szeged (about 162 km southeast of the capital) last weekend, according to a report by state news wire MTI.

László Palkovics at an earlier press conference (Photo by Endre Véssey/ITM)

The grant will support the establishment of a research center, dubbed the Sustainable Green Chemical and Mobility Competency Centre, in the Szeged Science Park, Palkovics said. The center will offer partners in industry the latest infrastructure for conducting basic and applied research on crude oil and oil derivatives, he added.

The center is expected to be set up by the end of 2022.

University of Szeged rector László Rovó said the center will focus on developing technologies to boost the extraction rate from oil fields. It will also research devices that can more accurately measure the emissions of internal combustion engines, he added.

MOL chairman-CEO Zsolt Hernádi noted that extraction rates from oil fields at present stand at just 20-30%, but said new technologies could double that proportion. He added that most vehicles will be powered by fossil fuels for the coming 20-30 years.

Hernádi said the research center would operate with a staff of about 30 who would also work to develop new types of fuels.

Zoltán Les, who heads vehicle production at Audi Hungaria, said the carmaker is supporting the development of photoacoustic devices that can better measure emissions.

He said Audi Hungaria already has a partnership with the Széchenyi István University of Győr (about 108 km northwest of the capital) to test cleaner-burning diesel and petrol fuels developed by MOL in the engines produced at its plant in Győr.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.