Published by Global Banking & Finance Review®
Posted on December 11, 2024
1 min readLast updated: January 27, 2026
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Orlen revises its Olefins project, reducing costs to 34 billion zlotys. The new framework, New Chemistry, aims for production by 2030.
GDANSK (Reuters) - Orlen is revising its plans for its "misguided" Olefins petrochemical project and expects to lower its estimated cost to 34 billion zlotys ($8.40 billion), Poland's largest gas and oil company said on Wednesday.
Orlen said it would proceed with a newly defined framework called "New Chemistry" that eyes commissioning olefins production no sooner than 2030.
($1 = 4.0448 zlotys)
(Reporting by Mateusz Rabiega; editing by Jason Neely)
The main topic is Orlen's revision of its Olefins petrochemical project, including cost reduction and a new framework called New Chemistry.
Orlen has revised the project's cost to 34 billion zlotys and introduced a new framework called New Chemistry, targeting production by 2030.
Orlen is Poland's largest gas and oil company, involved in the petrochemical industry and other energy sectors.
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