This investment arrives at a crucial time as Romania aims to develop a recycling industry for waste electrical and electronic equipment, funded through the European Union's PNRR.
The first plant, which will be located at MOL Petrochemicals Co. Ltd. in Tiszaújváro, Hungary, will have a processing capacity of 40,000 tons of mixed waste plastics per annum.
Lower discount rates make their future cash flows more attractive, leading to higher valuations.
The Agreement's key priority is the expansion of the existing exploration and production cooperation and the application of MOL technology in Kazakhstan.
AI boom could further threaten 2050 decarbonization commitments unless used responsibly and scaled to its full potential as a lever of achieving net zero.
The project covers an area of 8,500 m2 of land and has approximately 47,000 m2 built, including the underground, and each of the three buildings has a height of S+P+10E+Duplex.
Project will be co-financed from an EU program run by the Romanian Ministry of Energy.