# Hyundai Engineering signs $1.3B joint investment for Poland PDH/PP plant

Hyundai Engineering, KIND, Grupa Azoty and LOTOS signed a joint investment agreement for the Polimery Police PDH/PP plant in Police, Poland, with total investment of $733.3 million. Hyundai Engineering and KIND will invest $130 million. The plant will produce 400,000 tons of polypropylene per year.

- Type: Investment
- Announced: 2020-06-01
- Where: Police, Poland
- Value: $733.3M
- Status: announced
- Capacity: 400,000 tons of polypropylene per year
- Products: polypropylene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hyundai Engineering](https://endata.com/companies/1884.md) (investor)
- [Grupa Azoty](https://endata.com/companies/9017.md) (partner)
- [Lotos](https://endata.com/companies/20982.md) (partner)
- [Korea Overseas Infrastructure & Urban Development Support Corporation (KIND)](https://endata.com/companies/47579.md) (investor)

## Sources

- [getnews.co.kr](https://www.getnews.co.kr/news/articleView.html?idxno=214851), 2020-06-01: "현대엔지니어링이 지난 29일 한국해외인프라도시개발지원공사(KIND), 폴란드 최대 석유화학그룹인 Grupa Azoty 및 폴란드의 대형 정유회사인 LOTOS사와 '폴란드 폴리머리 폴리체 PDH/PP 플랜트' 프로젝트에 대한 공동투자 본 계약을 체결했다"

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