IHS Chemical Week

World News and Views :: Projects

Polish firms launch detailed study for $3.9-billion petrochemicals project

9:10 AM MST | December 3, 2013 | Ian Young

Refining company Grupa Lotos (Gdańsk, Poland) and chemicals, fertilizers, and plastics producer Grupa Azoty (Tarnów, Poland) have signed an agreement to form a special-purpose vehicle that will carry out a comprehensive feasibility study for the construction of a petrochemical complex at a location near to Lotos's and Azoty's manufacturing sites. Lotos and Azoty—each state controlled—have signed a separate, preliminary agreement with government investment vehicle Polskie Inwestycje Rozwojowe (PIR; Warsaw) as a potential investor in the...

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