MOL (company)

A more competitive, self-sufficient and greener region: MOL Group is to achieve carbon neutrality with a smart transition

Retrieved on:

Thursday, March 14, 2024

Carbon, Community, Electricity, Carbon capture and storage, Consumer service, Geothermal energy, Waste management, Recycling, SHAPE, GHG, CEE, MOL, MOL (company), Exploration, European, INA, Renewable energy

MOL Group aims to achieve carbon neutrality by 2050 through smart transition: ensuring sustainability and further strengthening security of supply through innovative technologies.

Key Points:

MOL Group aims to achieve carbon neutrality by 2050 through smart transition: ensuring sustainability and further strengthening security of supply through innovative technologies.
MOL Group is ensuring a smart transition with tomorrow's solutions: investing in further strengthening the region's security of supply, creating value from waste and shaping the future of mobility with innovative technologies.
It will spend more than $4 billion on green investments by 2030 and aims to reach carbon neutrality by 2050.
To achieve these goals, we will increase the use of renewable electricity across the MOL Group, particularly in the Downstream area.

Clear Channel Outdoor Holdings, Inc. Completes Sale of Clear Channel France to Equinox Industries; Initiates Process to Sell its Europe-North Segment Businesses and Strategic Review of its Latin American Businesses

Retrieved on:

Tuesday, October 31, 2023

Sale, United Kingdom, NYSE, MOL (company), CCO, Disclosure, Nordic, Clear Channel Outdoor, Channel, SAN, Central Europe

SAN ANTONIO, Oct. 31, 2023 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced that it has closed the previously announced sale of its business in France to Equinox Industries.

Key Points:

The Company has also initiated a strategic review of its Latin American businesses, which include operations in Mexico, Brazil, Chile and Peru.
To date, the Company has sold its businesses in Switzerland, Italy and France and has agreed to sell its business in Spain.
We continue to take meaningful action to optimize our portfolio and improve our capital structure, including initiating a process to sell our Europe-North segment and conducting a strategic review of our Latin American businesses.
The Company has engaged Moelis & Company LLC as financial advisor to assist it with the strategic review of our Latin American businesses.

Lummus Technology and MOL Group Establish Partnership for Advanced Waste Plastic Recycling

Retrieved on:

Tuesday, June 27, 2023

Plastic, MOL (company), Polymer, Piste, Carbon, Central & Eastern European Game Awards, Organization, Investment, Biofuel, MOL, Lumber, Lummus, Central Europe

HOUSTON, June 27, 2023 /PRNewswire/ -- Lummus Technology, a global provider of process technologies and value-driven energy solutions, and MOL Group, the leading integrated Central Eastern European oil and gas corporation, have announced their agreement to cooperate in the deployment and integration of chemical recycling of plastics at MOL's assets in Hungary and Slovakia. Chemical recycling of plastics is part of MOL's commitment to collect close to 5 million tonnes of municipal solid waste, which includes the treatment and related investments.

Key Points:

"MOL Group and Lummus have a long track record of successful collaboration in various technology areas, and we are proud to now partner with MOL again to address a critical challenge for our industry and society," said Leon de Bruyn, President and CEO of Lummus Technology.
MOL has committed to drive circularity and has recently invested in addressing waste plastics recycling in Central Europe.
The waste plastic pyrolysis technology, and Lummus' expertise will help us to optimize our value chain, and make our business more sustainable."
Lummus' Green Circle business unit will provide to MOL its advanced waste plastic pyrolysis technology, which effectively converts plastic waste into high-value chemicals and feedstocks, creating circularity.

Risen Energy attends the opening ceremony of Mezőcsát Solar Power Plant the Hungary's largest solar power plant

Retrieved on:

Tuesday, June 13, 2023

Titan, Partnership, Marketing, MOL (company), Electricity, Carbon, PV, MBB, Natural gas, Safety, Renewable energy

NINGBO, China, June 13, 2023 /PRNewswire/ -- The PV power plant in Mezőcsát, Hungary, the largest power plant in Eastern Europe, has officially commenced operation.

Key Points:

NINGBO, China, June 13, 2023 /PRNewswire/ -- The PV power plant in Mezőcsát, Hungary, the largest power plant in Eastern Europe, has officially commenced operation.
The Hungarian Oil and Gas Public Limited Company (commonly known as MOL Group) held the opening ceremony to commemorate the achievement.
"The inauguration of the Mezőcsát power plant, the country's largest solar farm, is a step toward achieving these objectives."
Risen Energy supplied the high-efficiency Titan Series PERC PV modules to the Mezőcsát power plant.

Celonis Unveils Industry's First Process MRI and Extends Execution Management to All Business Users

Retrieved on:

Wednesday, November 9, 2022

NEW YORK and MUNICH, Nov. 9, 2022 /PRNewswire/ -- CELOSPHERE 2022 - Today debuts the launch of Celonis Process Sphere and Celonis Business Miner - a generational set of new capabilities that completely reinvent the process mining industry and set a new standard for simplicity and power in business execution. The launch is anchored around two interlinked strategies for business execution. The first is to open up new and unprecedented levels of business process depth and perspectives to all business users. The second strategy is to embed execution management into every business conversation.

Key Points:

The first is to open up new and unprecedented levels of business process depth and perspectives to all business users.
The new Celonis Process Sphere introduces powerful new capabilities that incorporate the full scope of all business factors into process analysis, diagnosis, and remediation.
Celonis Process Sphere and Celonis Business Miner are being launched at Celosphere 2022 , the world's largest gathering of process experts and fanatics.
Celonis, Execution Management System, EMS and the Celonis "droplet" logo are trademarks or registered trademarks of Celonis SE in Germany and other jurisdictions.

Grape Solutions continues to develop 'Golden Barrel' award-winner reporting system for MOL Group

Retrieved on:

Thursday, September 29, 2022

Software, Time, MOL (company), Operational definition, Transport, Architecture, MOL, Risk management

BUDAPEST, Hungary, Sept. 29, 2022 /PRNewswire/ -- MOL Group and Grape Solutions celebrate eight years of collaboration with RepSy (Reporting System), a cutting-edge decision support platform, developed exclusively for MOL to solve complex supply chain planning problems affecting the MOL Group's refineries and petrochemical plants.

Key Points:

BUDAPEST, Hungary, Sept. 29, 2022 /PRNewswire/ -- MOL Group and Grape Solutions celebrate eight years of collaboration with RepSy (Reporting System), a cutting-edge decision support platform, developed exclusively for MOL to solve complex supply chain planning problems affecting the MOL Group's refineries and petrochemical plants.
The RepSy solution was also presented at the AspenTech Optimize conference in Boston in 2015, as a custom development based on AspenTech's successful AspenTech PIMS product delivered jointly by MOL and Grape Solutions.
In the same year, MOL awarded the project one of its most prestigious honours, where it won the Golden Barrel award.
To maintain the highest quality of data processing and dynamic reporting using RepSy, Grape Solutions is still in charge of making ongoing improvements to the system.

MOL Consolidation Service (MCS) And VesselBot Establish A Partnership To Reduce GHG Emissions In The Supply Chain

Retrieved on:

Wednesday, September 21, 2022

MOL Consolidation Service (MCS) is taking a forward step raising environmental awareness, by integrating carbon footprint to MCS logistics management process in order to change the environmental performances of suppliers and customers.

Key Points:

MOL Consolidation Service (MCS) is taking a forward step raising environmental awareness, by integrating carbon footprint to MCS logistics management process in order to change the environmental performances of suppliers and customers.
We are delighted to collaborate with VesselBot in providing us with state-of-the-art technology to optimize GHG data emissions solution.
Cary Lin, Chief Executive Officer of MOL Consolidation Service (America) Inc.
"Supply Chain emissions make up 6595% of most companies' carbon impact, as per recent PWC research.
Provides the market with state-of-the-art digital solutions such as the "GHG Emissions Monitoring System" and the one-of-the-kind "GHG Emissions Benchmarking Report", enabling companies to make informed strategic decisions and reach their Scope3 emissions targets.

MOL Consolidation Service (MCS) And VesselBot Establish A Partnership To Reduce GHG Emissions In The Supply Chain

Retrieved on:

Wednesday, September 21, 2022

MOL Consolidation Service (MCS) is taking a forward step raising environmental awareness, by integrating carbon footprint to MCS logistics management process in order to change the environmental performances of suppliers and customers.

Key Points:

MOL Consolidation Service (MCS) is taking a forward step raising environmental awareness, by integrating carbon footprint to MCS logistics management process in order to change the environmental performances of suppliers and customers.
We are delighted to collaborate with VesselBot in providing us with state-of-the-art technology to optimize GHG data emissions solution.
Cary Lin, Chief Executive Officer of MOL Consolidation Service (America) Inc.
"Supply Chain emissions make up 6595% of most companies' carbon impact, as per recent PWC research.
Provides the market with state-of-the-art digital solutions such as the "GHG Emissions Monitoring System" and the one-of-the-kind "GHG Emissions Benchmarking Report", enabling companies to make informed strategic decisions and reach their Scope3 emissions targets.

MOL Consolidation Service (MCS) And VesselBot Establish A Partnership To Reduce GHG Emissions In The Supply Chain

Retrieved on:

Wednesday, September 21, 2022

MOL Consolidation Service (MCS) is taking a forward step raising environmental awareness, by integrating carbon footprint to MCS logistics management process in order to change the environmental performances of suppliers and customers.

Key Points:

MOL Consolidation Service (MCS) is taking a forward step raising environmental awareness, by integrating carbon footprint to MCS logistics management process in order to change the environmental performances of suppliers and customers.
We are delighted to collaborate with VesselBot in providing us with state-of-the-art technology to optimize GHG data emissions solution.
Cary Lin, Chief Executive Officer of MOL Consolidation Service (America) Inc.
"Supply Chain emissions make up 6595% of most companies' carbon impact, as per recent PWC research.
Provides the market with state-of-the-art digital solutions such as the "GHG Emissions Monitoring System" and the one-of-the-kind "GHG Emissions Benchmarking Report", enabling companies to make informed strategic decisions and reach their Scope3 emissions targets.

MOL Consolidation Service (MCS) And VesselBot Establish A Partnership To Reduce GHG Emissions In The Supply Chain

Retrieved on:

Wednesday, September 21, 2022

MOL Consolidation Service (MCS) is taking a forward step raising environmental awareness, by integrating carbon footprint to MCS logistics management process in order to change the environmental performances of suppliers and customers.

Key Points:

MOL Consolidation Service (MCS) is taking a forward step raising environmental awareness, by integrating carbon footprint to MCS logistics management process in order to change the environmental performances of suppliers and customers.
We are delighted to collaborate with VesselBot in providing us with state-of-the-art technology to optimize GHG data emissions solution.
Cary Lin, Chief Executive Officer of MOL Consolidation Service (America) Inc.
"Supply Chain emissions make up 6595% of most companies' carbon impact, as per recent PWC research.
Provides the market with state-of-the-art digital solutions such as the "GHG Emissions Monitoring System" and the one-of-the-kind "GHG Emissions Benchmarking Report", enabling companies to make informed strategic decisions and reach their Scope3 emissions targets.