Poland’s industrial map to shift with new chemical investment
Polish President Andrzej Duda has claimed that the installation for polypropylene polymer production, based in the town of Police, will change their industrial map for the better, following a credit agreement for this effect being signed on Sunday.
The president confirmed this at a press briefing to signal the signing of this accord in Police, in north-western Poland.
The investment is planned to be undertaken by the Azoty Group, a leading European fertiliser and chemical manufacturer.
President Duda said: “This is an unbelievably large and fund consuming project, but it also meets global standards. However, we had the potential to run into issues with funding, with there being a constant threat of it being closed.”
The Polish leader claimed that the investment was to reach up to €2 billion, with this goal already having been met.
He added: “The mechanism, which has been created, has made it possible to implement a project worth of PLN 7 billion (€1.6 billion), which is twice as much as the cost of the gas terminal in Swinousjcie.”
He also mentioned that the investment will generate an additional 400 jobs at the plant plus some 1200 jobs in cooperating companies.
The project is the largest investment undertaking in Atozy Group’s history. The general contractor of the project is South Korean company Hyundai Engineering.
According to plans, production at the plant is to be launched in the fourth quarter of 2022.
The polymers will be created in an integrated chemical complex located in Police, which will comprise propylene and polypropylene production units, a storage and handling terminal, and logistics infrastructure.
All installations have been designed under a US licence. The new plant will also be producing some 17,000 tonnes of hydrogen, which will be sold to the nearby chemical plant that produces ammonia. The complex will also contain a gas terminal, to be used in the storage of the product.
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