Explosion at MOL's Tiszaujvaros petrochemical plant kills one, injures several

An explosion at Hungarian oil and gas group MOL's (MOLB.BU), opens new tab petrochemical plant in Tiszaujvaros, ​eastern Hungary, has killed one person and seriously ‌injured several others, the company said in a statement on Friday.

"An explosion occurred at ​MOL Petrochemicals' site in Tiszaújváros during the restart of the Olefin 1 plant. The fire was localised by firefighters, and the intervention ​is still ongoing," MOL said.

The Olefin ​1 plant is ⁠a steam cracker unit at MOL's petrochemical plant in Tiszaujvaros. The production capacity of ​MOL's Olefin-1 plant is approximately 370,000 metric ​tons ⁠of ethylene per year. There are two steam crackers in Tiszaujvaros with 660 kt/y ethylene capacity according to MOL's ⁠own website.

MOL ​uses the majority of its ​ethylene internally to manufacture polyethylene plastics, which are sold to the plastics ​and packaging industries.