- The MOU explores potential petrochemical projects in Poland and Central and Eastern Europe.
- Potential projects include a new chemical production facility, asset expansions, and a new world-scale cracker.
- A joint development agreement will follow if parties agree to pursue any project.
- PKN Orlen operates refineries in Poland, Lithuania, and the Czech Republic.
Memorandum of Understanding
SABIC has signed a Memorandum of Understanding (MOU) with Saudi Aramco and PKN Orlen to explore potential petrochemical growth or expansion projects in Poland and Central and Eastern Europe.
Potential Projects
The agreement includes studying several potential collaboration and investment opportunities. These opportunities encompass the construction of a new chemical production facility in Poland, the expansion of existing assets, and the development of a new world-scale cracker.
Next Steps
Upon completion of the exploration phase, if the parties decide to pursue any of the potential petrochemical projects, they will enter into a separate project joint development agreement (JDA).
PKN Orlen's Role
PKN Orlen, Poland’s leading energy group, specializes in the manufacture, distribution, wholesale, and retail sale of refined petrochemical products. The company operates several refineries located in Poland, Lithuania, and the Czech Republic.
