# Grupa Azoty Polyolefins signs €1.52B credit agreement for Polimery Police project

Grupa Azoty Polyolefins signed a credit agreement with a consortium of banks to finance the Polimery Police polypropylene plant project in Police, Poland. The total project budget is €1.52 billion, with commercial operation expected in Q4 2022.

- Type: Investment
- Announced: 2020-06-01
- Where: Police, Poland
- Value: $1.69B (1.52B EUR)
- Starts operating: Q4 2022
- Status: announced
- Capacity: 437,000 tonnes of polypropylene per year
- Products: polypropylene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Grupa Azoty Polyolefins](https://endata.com/companies/43507.md)
- [Bank Gospodarstwa Krajowego](https://endata.com/companies/2405.md) (investor)
- [mBank](https://endata.com/companies/2876.md) (investor)
- [European Bank for Reconstruction and Development](https://endata.com/companies/20727.md) (investor)
- [Alior Bank](https://endata.com/companies/47583.md) (investor)
- [Bank Ochrony Środowiska](https://endata.com/companies/47584.md) (investor)
- [Bank Polska Kasa Opieki](https://endata.com/companies/47585.md) (investor)
- [BNP Paribas Bank Polska](https://endata.com/companies/47586.md) (investor)
- [Industrial and Commercial Bank of China](https://endata.com/companies/47587.md) (investor)
- [Powszechna Kasa Oszczędności Bank Polski](https://endata.com/companies/47588.md) (investor)
- [Powszechny Zakład Ubezpieczeń](https://endata.com/companies/47589.md) (investor)
- [Powszechny Zakład Ubezpieczeń na Życie](https://endata.com/companies/47590.md) (investor)
- [PZU Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych BIS 2](https://endata.com/companies/47591.md) (investor)
- [Santander Bank Polska](https://endata.com/companies/47592.md) (investor)
- [ICBC Standard Bank](https://endata.com/companies/47593.md) (investor)

## Sources

- [forsal.pl](https://forsal.pl/artykuly/1480433,podpisano-umowe-na-kredytowanie-projektu-polimery-police.html), 2020-06-01: "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.