The oil and gas company MOL submitted a binding offer within the framework of the waste management concession tender issued by the Hungarian State. MOL’s contemplated entry into waste management is fully in line with the company’s 2030+ “Shape Tomorrow” strategy, which aims to invest in a new, low-carbon, circular economy business. MOL wants to become a leading regional player in the circular economy.
The concession is expected to come into force on July 1, 2023 and will be valid for a period of 35 years. Around 4.5-5 million tons of waste could be collected a year under the concession system. The successful bidder will be responsible for organizing and providing all municipal waste management in Hungary.
MOL’s binding offer also includes the development of waste treatment infrastructure worth HUF 50 billion (EUR 125 million) over the first 10 years. The tender also expects the bidder to undertake the establishment of new waste-to-energy generation capacities exceeding 100,000 tons per year within the initial five years of the concession contract.