European Chemical Industry News & Insights

Hyundai Engineering Pre-Selected for Polimery Police Project

At a glance
  • The Polimery Police project has a total budget of EUR 1.52bn.
  • Completion is expected by Q4 2022, with a test run in Q2 2022.
  • The project includes a propylene (PDH) unit and a polypropylene (PP) unit.
  • Annual production capacity is 437,000 tonnes of polypropylene.

Project Overview

The Polimery Police project, led by PDH Polska S.A., aims to construct a petrochemical complex in Poland. The project includes a propylene (PDH) unit, a polypropylene (PP) unit, a handling and storage terminal, logistics infrastructure, and auxiliary units. The annual production capacity is set at 437,000 tonnes of polypropylene.

Investment and Budget

The total budget for the Polimery Police project is capped at EUR 1.52bn. This includes the general contractor’s remuneration, capital expenditure incurred to date, site preparation costs, payment for technology licenses, and purchase of catalysts. Additionally, PDH Polska S.A. will require EUR 176m in working capital financing during the operation phase.

Timeline and Key Dates

The contract with the selected bidder, Hyundai Engineering Co., Ltd., is expected to be concluded in the second quarter of 2019. The execution of the project by the general contractor is scheduled for completion in the fourth quarter of 2022, with a test run planned for Q2 2022.

Technologies and Market Impact

The PDH and PP units will utilize state-of-the-art technologies: Oleflex by Honeywell UOP and Unipol by Grace Technologies. These technologies will ensure high production flexibility and a broad range of polypropylene types. The project is expected to significantly reduce Poland’s polypropylene import dependency and create new jobs, contributing to the country's economic growth.