Poland signs deal to build EUR 1.5 bn chemical plantChristian 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.
Financing contract Poland chemical plant
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. ■