- A contract has been signed with Fluor for technical consultancy and PMC+ services.
- The project aims to increase PKN ORLEN's petrochemical capacity by 30%.
- The Petrochemicals Development Programme will run until the end of 2023.
- Annual EBITDA is expected to grow by PLN 1.5bn upon project completion.
Project Overview
PKN ORLEN’s Petrochemicals Development Programme is progressing with the extension of the olefin complex in Płock. A contract has been signed with Fluor for technical consultancy and Project Management Contractor (PMC+) services to ensure the project is delivered within budget and on schedule.
Contract Details
The contract with Fluor, a leading provider of engineering and design services, includes comprehensive project management across all functional areas. This encompasses managing timescales, costs, contractors, risks, work safety, technical support, and procurement. The project will involve a fully integrated team of PKN ORLEN employees and PMC+ consultants.
Strategic Importance
The PMC+ collaborative model will help PKN ORLEN gain expertise in managing integrated capital projects and enhance its in-house capabilities for future projects. This approach aims to strengthen PKN ORLEN’s competitive advantage in the market.
Market Outlook
The value of the petrochemicals and base plastics market is expected to double by 2030, driven by global population growth, economic expansion, and increased demand for industrial raw materials. PKN ORLEN aims to capitalize on this potential through its ongoing investments.
Future Projections
Investments under the Petrochemicals Development Programme are projected to increase PKN ORLEN’s capacity by 30% and improve Poland’s trade balance in petrochemicals. The programme will continue until the end of 2023, with the launch of a Research & Development Centre next year. Additionally, projects to expand phenol capacity and construct an aromatic derivatives plant are in advanced stages. Upon completion, PKN ORLEN’s annual EBITDA is expected to grow by PLN 1.5bn.
