- The project is worth €425 million and aims to build Europe's largest PDH unit for propylene production.
- Completion is expected by 2019, with the first financial effects seen the same year.
- The project includes a power generating unit and expansion of the Police port facilities.
- The new unit will produce approximately 400,000 tonnes of propylene annually.
Project Overview
Grupa Azoty is investing €425 million in its largest project to date, aiming to build Europe's most advanced PDH unit for propylene production in Police. The project also includes constructing a power generating unit and expanding the chemicals terminal at the Group's port facilities.
Timeline and Financial Impact
The project is scheduled for completion by 2019, with initial financial benefits expected the same year. It is projected to add €500 million to the Group's annual revenue and contribute around PLN 2 billion in revenue and hundreds of millions of złoty in net profit annually.
Employment and Capacity
Approximately 1,000 staff will work on the construction site, and the plant will provide permanent employment for around 200 people once operational. The new terminal will handle the largest LPG vessels in Poland, with its capacity expected to double.
Market Position and Production
The new propylene unit will produce about 400,000 tonnes annually, with 60% allocated for export or other process units and the remainder used internally. This will position Poland as a significant producer of propylene, addressing the regional deficit and strengthening the Group's position in the OXOPLAST segment.
Strategic Importance
The project is crucial for the future of Polish industry and aligns with efforts to re-industrialize Europe. Propylene, a key chemical intermediate, is essential for producing various materials, including plastics, OXO alcohols, acrylic acid, and polypropylene, which have widespread applications in multiple industries.
