MOL launches updated, integrated long-term strategy

MOL launches updated, integrated long-term strategy

MOL Group, an integrated, international oil and gas company headquartered in Budapest, has launched 'MOL Group 2030+' a strategy fully integrated with a new sustainability strategy and complemented with a longer-term vision and ambitions beyond 2030. 

 

“The MOL 2030 long-term strategy has so far proved to be progressive, credible and directionally correct. Accordingly, MOL has taken important strategic steps in the right direction over the past five years.  However, we have observed an unprecedented pace of changes around us recently, including rapid progress in the green energy transition. Our updated strategy seeks to accelerate our transition process to enhance MOL's resilience and our ability to shape a sustainable future. We will sharpen our focus, increase our efficiency further, while seeking new opportunities with a new determination. One thing has not changed since 2016: we remain deeply committed to the transformation of our traditional fossil-fuel-based operations into a low-carbon, sustainable business model,“ said Zsolt Hernádi, Chairman and CEO of MOL.

 

MOL will continue and accelerate its fuel-to-chemicals transformation in downstream growing to become a leading sustainable chemicals company in CEE.

 

"One of MOL's core strengths lies in its resilient, uniquely balanced, integrated business model. In order to preserve this resilience and to be able