US EditionPolish state energy giant Orlen halts petrochemical plant project launched under former government
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9 Articles
Polish state energy giant Orlen halts petrochemical plant project launched under former government
Keep our news free from ads and paywalls by making a donation to support our work! Notes from Poland is run by a small editorial team and is published by an independent, non-profit foundation that is funded through donations from our readers. We cannot do what we do without your support. State energy giant Orlen, Poland’s largest firm, has announced that it is abandoning a multi-billion-euro project launched under the former Law and Justice…
Polish Energy Company Orlen Pulls Plug on Key Petrochemical Project on Ballooning Cost
(Bloomberg) — Poland’s largest energy company Orlen SA is pulling out of its biggest petrochemical investment as the new management of the government-controlled firm seeks to rein in spending planned by its predecessors.
Reunited Techniques has confirmed the continuation of the project of the ethylene plant for Orlen in Poland, as well as the "total relaunch" of the refinery of Hassi Messaoud for Sonatrach. In a communication sent to the National Securities Market Commission (CNMV), the Spanish company emphasizes that it has considered it necessary to disseminate this information "to avoid any confusion that has been produced by the news recently published in in…
The President of Law and Justice criticized the decision of the Orlen board to stop the Olefina III investment. "Lack of ambition, complexes, micromania. They destroy everything that could give Poland development" - he accused the government. The press office of the Płock concern quickly reacted to his entry.
Poland’s Orlen Cuts Olefins Project Costs, Delays to 2030
GDANSK/WARSAW (Reuters) -Poland’s Orlen announced scaled back plans for its Olefins petrochemical project on Wednesday, pushing back output until at least 2030 and aiming to cut its estimated cost by as much as a third. Begun in 2021, costs were on course to reach six times original estimates with the company having spent 12.6 billion […]
Orlen decided to stop the Olefin III project. According to the company, the actual implementation costs would be six times higher than the original assumptions.
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