MOL Group Hungary selects ENVIPCO as one of the primary RVM Technology Providers
for the National Hungarian DRS System
Amersfoort, The Netherlands - (November 11, 2022)
Envipco - MOL Group Hungary as the Deposit Return Scheme (DRS) operator, selects
Envipco as one of only two Reverse Vending Machine (RVM) Technology Providers
for the coming national DRS in Hungary.
Envipco, a global provider of recycling systems and reverse vending machines,
has been selected by MOL Group to deliver and install RVMs during 2023 & 2024 as
part of the DRS in Hungary, which is planned to operate from early 2024. The
initial order will be approximately 2,300 machines along with a future expansion
opportunity of an additional 2,000 machines as part of a multiyear roll-out
across the country. After a robust international competitive process, this
selection represents a strong validation of Envipco's RVM technology portfolio,
supported by our new Romanian production capability.
Simon Bolton, CEO of Envipco: "Success in this very significant opportunity
provides continuing proof that our organization, our technology, and our service
offering strongly positions Envipco as a leading RVM provider. The machines will
be built and delivered from Envipco's newly established European manufacturing
center in Romania. Envipco is fully committed to supporting the MOL Group in
Hungary with implementing the new DRS."
MOL Group is an international, integrated oil, gas, petrochemicals, and consumer
retail company, headquartered in Budapest, Hungary. It is active in over 30
countries with a dynamic international workforce of 25,000 people and a track
record of more than 100 years. MOL is committed to transform its traditional
fossil-fuel-based operations into a low-carbon, sustainable business model and
aspires to become net carbon neutral by 2050 while shaping the low-carbon
circular economy in Central-and Eastern Europe. MOL also wants to play a key
role in shaping the low-carbon circular economy with investments in new
businesses such as waste integration and utilization, recycling, carbon capture,
utilization, and storage (CCUS), advanced biofuels and potentially
hydrogen-related opportunities. In the next five years, MOL will spend USD 1bn
on new, low-carbon and sustainable projects to become a key player in CEE in the
circular economy.
As a milestone of this transformation last year MOL was announced as a winner
for the Hungarian state concession tender covering municipal waste management
services. The concession agreement covers a period of 35 years with a
commencement date of July 1, 2023. As part of the concession, MOL has to set-up
and operate from 1 January 2024 the deposit refund system, as well.
As a global provider of recycling systems and reverse vending machines, Envipco
has a clear growth strategy, targeting new emerging DRS markets in Europe. As
part of the growth strategy, the company is building commercial networks within
targeted markets. The MOL contract adds to a series of recent awards, confirming
the company's position as a recognized leader in the development and operation
of RVMs in the recovery of used beverage containers.
For further information please contact:
Derk Visser, Group CFO
+31 33 2851773
derkv@envipco.com
About Envipco Holding N.V.
Envipco Holding N.V. (Envipco), www.envipco.com, is a Netherlands-based holding
company listed on Euronext Amsterdam and Euronext Oslo Growth (Symbols:
ENVI/ENVIP). Envipco, with operations in several countries around the globe, is
a recognized leader in the development and operation of reverse vending machines
(RVMs), automated technological systems for the recovery of used beverage
containers. Known for its innovative technology and market leadership, Envipco
holds several intellectual property rights for RVM systems, including but not
limited to beverage refund deposit markings, material type identification,
compaction, and accounting.

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