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POLAND: Joint venture construction start-up on planned $350,000,000 polyolefin plant is tentatively scheduled to begin in 2003 for completion by the end of 2004, PKN ORLEN [Poland] & BASELL [Belgium] - Order #: 037502.

Publication: WWP-Business Opportunities in Eastern Europe & the CIS
Publication Date: 01-MAR-02
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PROJECT OVERVIEW:

An international consortium was recently established in view of building a polyolefin complex in Poland. As things currently stand, a joint venture agreement was expected to be concluded in February 2002. And, construction start-up is tentatively scheduled to begin in...

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...some time during the year 2003 order to enable project completion by the end of 2004. The partners in the planned undertaking include the local PKN ORLEN and BASELL of Belgium.

According to the terms of the collaborative agreement, PKN will reportedly transfer its 150,000 metric ton per year (mt/y) low-density polyethylene (LDPE) unit as well as provide land for the venture. BASELL, on the other hand, will supply the needed technologies for 2 new plants. These will include a: - 320,000 mt/y Hostalen-process high density polyethylene (HDPE)

unit; - 400,000 mt/y Spheripol-process polypropylene (PP) facility.

The complex, to be sited at Plock, is expected to cost $350,000,000...

NOTE: All illustrations and photos have been removed from this article.



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