The Polimery Police project has faced repeated installation failures, halting production and cutting off the company’s primary revenue stream
The offer involves ORLEN delivering to GAP financing necessary to proceed with restructuring of all debts
We have been working intensively on potential solutions for the future of Grupa Azoty Polyolefins
The parties have agreed on the conditions under which the Financial Institutions will provide financing for the project during the next period of the Stabilization Agreement
The aim of the Polimery Police project, carried out by Grupa Azoty Polyolefins S.A., is to build an integrated chemical complex comprising a propylene unit, a polypropylene unit, a handling and storage terminal, logistics infrastructure and auxiliary units
Total project budget is estimated at over EUR 1.5bn. The construction phase is scheduled for completion in 2022 and the polypropylene unit will have an annual production capacity of 437,000 tonnes.
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