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Poland signs deal to build EUR 1.5 bn chemical plant

Christian Fernsby ▼ | June 3, 2020
Officials in Poland have announced the signing of a financing contract for the construction of a EUR 1.5 billion polypropylene plant in the country’s northwest.
Poland chemical plant
Financing contract   Poland chemical plant
The new plant in the town of Police, about 500 kilometres from the capital Warsaw, will mark the largest project in the Polish chemical industry in years, according to Wojciech Wardacki, CEO of Grupa Azoty, Poland's biggest chemical group.

Topics: Poland

He added that the massive facility, with a production capacity of almost half a million tonnes of polypropylene a year, would enable Poland to become an exporter, rather than importer, of polypropylene.

Polish President Andrzej Duda said on Monday that the project would create 400 jobs in the area and three times as many indirectly linked to the new factory.

The new plant is scheduled for completion by the end of 2022, using financing from South Korean companies including Hyundai Engineering, state news agency PAP reported.