The PKN ORLEN Production Plant in Płock will produce 100,000 tons more propylene per year. One of the company’s key petrochemical projects has received approval from the Management Board and the Supervisory Board and is entering the implementation phase. The investment will increase the propylene production volume in Płock to 550,000 tons per year.
The Metathesis Installation will be built at the Production Plant in Płock and will produce polymer-grade propylene. The current nominal production volume in this area is 450,000 tons. The investment will increase production capacity to 550,000 tons per year. The cost of the project will be approximately 400 million PLN.
– Our goal is to effectively diversify revenue sources and strengthen the efficiency of the ORLEN Group’s downstream segment. We want to maximize the use of production potential in Poland and the Czech Republic and deepen the integration of petrochemicals and refining, which will provide us with market flexibility in the face of changing demand for fuels and petrochemicals. We are focusing on products that have wide application in the plastics industry because its purchasing potential is still growing, and medium-term prospects show a lasting, positive trend – emphasizes Wojciech Jasiński, President of the Management Board of PKN ORLEN.
The Metathesis Installation will be based on a license purchased by the Group from Lummus Technology Inc. from the CB&I group, which specializes in broadly understood energy infrastructure. The contract with the contractor also includes technical and engineering consulting services. Under the assumptions of the current strategy outlined until 2017, the ORLEN Group anticipates expenditures for the implementation of the most important investment projects in the petrochemical area at the level of 1.6 billion PLN.