PKN Orlen Q3 petrochemical sales volume rises 8% to 1.2m tonnes

21 October 2010 10:51  [Source: ICIS news]

PRAGUE (ICIS)--PKN Orlen’s third-quarter petrochemical sales volume increased by 8% year on year to 1.2m tonnes, the Polish oil, chemicals and petrochemicals company said in a trading statement on Thursday.

The figure was also a 13% improvement on the sales achieved in the second quarter of this year and was the highest recorded since the beginning of 2009, PKN Orlen said.

PKN Orlen’s model petrochemical margin in the third quarter improved to €753/tonne ($1,046/tonne), a 25% increase from the same period of last year and a 4% improvement from the second quarter of 2010.

“The increase in petrochemical sales was achieved thanks to higher sales of olefins, polyolefins and fertilizers. But sales of plastics were still limited due to the breakdown of [the chlorine plant] at [subsidiary] Anwil in June,” said PKN Orlen.

PKN Orlen is to publish its full third-quarter results on 29 October.

($1 = €0.72)

For more on the olefins and polyolefins, visit ICIS chemical intelligence
For more on PKN Orlen visit ICIS company intelligence
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By: Will Conroy
+44 20 8652 3214



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