18 July 2006 14:33 [Source: ICIS news]
PRAGUE (ICIS news)--Poland’s Grupa Lotos said on Tuesday it plans to produce 800,000 tonnes/year of naphtha feedstock for petrochemical company buyers by 2012.
Lotos, the country’s second largest oil group, said the naphtha would become available from installations constructed under its revised ?xml:namespace>
The company said it was not yet ready to discuss potential buyers of the output. But analyst Tamas Pletser at Erste Bank said a range of buyers could be reached via Lotos’s
Pletser said the Polish government had recently become more enthusiastic about merging Lotos and Orlen. If this happened, he added, Lotos could send the feedstock through a newly-constructed pipeline linking
CTUEP, costed at Zloty6.5m ($2.0m/€1.6m), should see the Gdansk refinery’s capacity rise to 10m tonnes/year from 4.8m tonnes/year, meaning the naphtha feedstock would be equivalent to 8% of its output.
Lotos has also given the final go-ahead to a Zloty72m biodiesel component installation to be operational at a converted oil refinery in Czechowice by the end of 2007. The facility is to produce 100,000 tonnes/year of vegetable esters, enabling Lotos to meet a 5% bio-component target level for its diesel.
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