23 November 2012 18:02 [Source: ICIS news]
LONDON (ICIS)--Poland-based refiner Grupa Lotos and chemical group Zaklady Azoty Tarnow (ZAT) have signed a cooperation agreement for a pre-feasibility study on the construction of a petrochemical complex, the companies said on Friday.
The overall investment committed to the manufacturing site, which would potentially start production by late 2017 or early 2018, could be as much as Polish zlotych (Zl) 6bn ($1.9bn, €1.5bn), they added.
Financing could be provided by the government's Inwestycje Polskie (Invest in Poland) agency, he added.
($1 = €0.78, $1 = Zl3.19, €1 = Zl4.10bn).
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