# 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.

- Type: Partnership
- Announced: 2019-11-22
- Where: Police, Poland
- Value: $130.0M (500.0M PLN)
- Status: announced
- Capacity: 437,000 tonnes of polypropylene per year
- Products: polypropylene, hydrogen
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Grupa Azoty](https://endata.com/companies/9017.md)
- [Grupa LOTOS](https://endata.com/companies/39057.md) (partner)
- [Zakłady Chemiczne Police](https://endata.com/companies/43453.md) (partner)
- [GA Polyolefins](https://endata.com/companies/43454.md) (partner)

## Sources

- [gospodarkamorska.pl](https://www.gospodarkamorska.pl/stocznie-offshore-grupa-azoty-i-grupa-lotos-wydluzyly-obowiazywanie-listu-intencyjnego-ws-polimerow-police-45827), 2019-11-22: "Polimery Police to największy projekt inwestycyjny w historii Grupy Azoty - instalacja produkcyjna, która ma wytwarzać 437 tys. ton polipropylenu rocznie."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.