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Home > Finance > Poland's Orlen revises plan for Olefins petchem project

Finance

Poland's Orlen revises plan for Olefins petchem project

Published by Global Banking and Finance Review

Posted on December 11, 2024

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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)

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