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Grupa Azoty and Grupa Lotos extend letter of intent for Polimery Police project · Endata

◂ Announcements

Nov 22, 2019PARTNERSHIPPolice, Poland

Grupa Azoty and Grupa Lotos extend letter of intent for Polimery Police project

Grupa Azoty and its subsidiaries signed an annex with Grupa Lotos extending the letter of intent for financing the Polimery Police polypropylene plant project until December 6, 2019. The project has a total budget of EUR 1.52 billion and is expected to start commercial operation in Q4 2022.

Value

$130.0M (500.0M PLN)

Status

Announced

Capacity

437,000 tonnes of polypropylene per year

Productspolypropylenehydrogen

CompaniesGrupa Azoty Grupa LOTOS partner Zakłady Chemiczne Police partner GA Polyolefins partner

Sectors#Plastics and Polymers #Specialty Chemicals

“Polimery Police to największy projekt inwestycyjny w historii Grupy Azoty - instalacja produkcyjna, która ma wytwarzać 437 tys. ton polipropylenu rocznie.”gospodarkamorska.pl

1 source
gospodarkamorska.plGrupa Azoty i Grupa Lotos wydłużyły obowiązywanie listu intencyjnego ws. Polimerów PoliceGospodarkamorska.plNov 22, 2019

Summarized from public sources; check the original articles before acting on it.

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Grupa Azoty Polyolefins raises capital by 132 mln zloty for Polimery Police project
Grupa Azoty Polyolefins Grupa Azoty investor portalmorski.pl
Dec 23, 2019NEW FACILITYPolice, Polandops Q2 2022
Hyundai Engineering starts construction of Polimery Police polypropylene plant
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Dec 18, 2019NEW FACILITYTarnów, Poland$26.3Mops 18 Dec 2019
Grupa Azoty Compounding opens 50,000 tpa modified plastics plant in Tarnów
Grupa Azoty Akro Plastic GmbH partner grupaazoty.com chemengonline.com
Dec 14, 2019INVESTMENTPolice, Poland$130.0M
Grupa Lotos to invest 500 million PLN in Polimery Police project
Grupa Azoty Grupa Azoty Zakłady Chemiczne Police partner inwestor.grupaazoty.com

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