# Grupa Lotos to invest 500 million PLN in Polimery Police project

Grupa Azoty and Grupa Lotos signed a binding agreement for Grupa Lotos to invest 500 million PLN in the Polimery Police petrochemical project. The investment includes up to 300 million PLN in equity and up to 200 million PLN in a subordinated loan.

- Type: Investment
- Announced: 2019-12-14
- Where: Police, Poland
- Value: $130.0M (500.0M PLN)
- Status: announced
- Products: polyolefins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Grupa Azoty](https://endata.com/companies/9017.md)
- [Grupa Azoty Zakłady Chemiczne Police](https://endata.com/companies/21043.md) (partner)
- [Grupa LOTOS](https://endata.com/companies/39057.md) (investor)
- [Grupa Azoty Polyolefins](https://endata.com/companies/43507.md) (partner)

## Sources

- [inwestor.grupaazoty.com](https://inwestor.grupaazoty.com/aktualnosci/grupa-azoty-s-a-grupa-azoty-zaklady-chemiczne-police-s-a-i-grupa-azoty-polyolefins-s-a-podpisaly-wiazace-porozumienie-dotyczace-warunkow-inwestycji-oraz-finansowania-projektu-polimery-police-z-grupa-lotos-s-a), 2019-12-14: "Koncern paliwowy zainwestuje 500 mln w rozwój jednej ze strategicznych inwestycji polskiego sektora petrochemicznego."

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