This work has two objectives. Firstly, it describes a novel physics-informed hybrid neural network (PIHNN) model based on the long short-term memory (LSTM) neural network. The presented model structure combines the first-principle process description and data-driven neural sub-models using a specialized data fusion block that relies on fuzzy logic. The second objective of this work is to detail a computationally efficient model predictive control (MPC) algorithm that employs the PIHNN model. The validity of the presented modeling and MPC approaches is demonstrated for a simulated polymerization reactor. It is shown that the PIHNN structure gives very good modeling results, while the MPC controller results in excellent control quality.