Poland’s Grupa Azoty to build Europe’s biggest propylene plant
The company stated that the new investment will be highly profitable for the company as there is a propylene deficit of around 1,000 tons per year in Europe. The new plant is expected to increase the company’s revenues by 20% to 12 billion Zloty ($3.2 billion). Government officials also support the investment, stating that this project will have strategic importance for both Poland and Europe.
Meanwhile, the plant, which is slated to be built on Poland’s northern Baltic coast, will export 60% of its production.
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