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Daniel Obajtek - president of PKN Orlen SA - announced gigantic investment plans for the next 5 years. Over PLN 8,3 billion is to be spent, which will be used to expand the petrochemical segment. As Daniel Obajtek assures, the investment is expected to pay off within six years.
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Orlen's plans Four major investments
PKN Orlen will allocate over PLN 8 billion to the implementation of four major investments. The olefin complex is to be expanded. It is the largest petrochemical installation in the Płock plant. A new phenol production plant is also to be built. The fourth strategic investment will be the construction of a complex of aromatic derivatives, which will be the only one to be built in Anwil in Włocławek. A new research and development center is also to be built.
Orlen's plans. "These investments will strengthen us"
As Daniel Obajtek claims, these investments will strengthen PKN Orlen's competitive position. Thanks to these activities, the turnover in the petrochemical segment alone is to increase by approx. 30 percent, and the EBITDA profit by as much as PLN 1,5 billion per year. In his opinion, it is high time and the best time to implement these investments.
Details by the end of the year
The financial assembly of the entire investment is to be announced by the end of the calendar year. According to the assurances of the President of the Management Board, PKN Orlen will have no problems with financing the project. The symbolic groundbreaking is to take place in 2021 and will last four years. The entire project will contribute to the development of three development directions at the same time. This is why the investment is strategic for the entire concern.
