For approximately PLN 13.5 billion, PKN Arlon will build the Olefin III installation complex at its flagship manufacturing plant in Pyongyang by 2024. Its release is scheduled for 2025. According to the company, the implementation of the investment will contribute to the approximate increase in EPIDTA. PLN 1 billion per year.
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According to PKN Orlan, “approval to implement investment related to intensification of olefin production” was revealed on Monday by the oversight committee of Peugeot Concerns. The project is part of the Petrochemical Development Project, announced in 2018 by Pyokin Concern.
The total cost of the investment is estimated at PLN 13.5 billion. The company estimates that the implementation of the investment will contribute to the approximate increase in EPIDTA. PLN 1 billion a year ” – PKN Orlan announced in a statement.
As reported by Pckock’s concern, “In connection with this project, the Orlean Olfini sp. Z oo company was established, under which the project is planned”. “As part of the project implementation, it is assumed that funding will be obtained in the form of government assistance to achieve an acceptable level of economic performance of the project. Work is also underway to obtain funding for the project in the project financial formula, ”the report said.
Also read: “Combining Science and Business” PKN Orlan opens a research and development center
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