Poland’s Lotos postpones petchem project at Gdansk refinery
by ChemOrbis Editorial Team - content@chemorbis.com
According to market sources, Poland’s Grupa Lotos decided to postpone its project to build a petrochemical plant at its 10.5 million tons/year Gdansk refinery. The plant is a joint venture between Lotos and Polish chemical producer Grupa Azoty and has an estimated value of a Zloty 12 billion ($3.28 billion). The company cited volatile market conditions as the main reason behind their decision.
In December 2013, the two companies had agreed to conduct a feasibility study for the project which was aimed to feed Azoty’s chemical segment.
In December 2013, the two companies had agreed to conduct a feasibility study for the project which was aimed to feed Azoty’s chemical segment.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- PVC rally roars back in Asia as supply worries mount
- China PP, PE markets join global rally after Lunar New Year holiday
- PE, PP and PVC supply crunch exacerbated on US absence, traditional trade flows upended
- European PP, PE markets set for 5th bullish month as shortage bites
- Turkey shattered as PP prices shoot up to surreal levels
- Polymer markets face one of most chaotic times
- Turnaround season set to get underway in Asia
- Crude oil heals COVID-inflicted wounds; now what lies ahead?
- Global shipping turmoil deepens, adding to the upheaval in plastic resins
- China’s post-holiday polymer outlook supported by supply limitations, crude oil
