29 November 2012 16:09 [Source: ICIS news]
LONDON (ICIS)--State-controlled investors behind a planned petrochemical complex in Gdansk, Poland, said on Tuesday the site will annually produce around 1m tonnes/year of products primarily aimed at addressing the country's lack of domestically-made petrochemical raw materials.
In the past two decades, Poland's oil industry has failed to roll out enough petrochemical projects to keep up with the raw material demand of the country's fast-developing chemical industry and other industries, said refiner Grupa Lotos and chemical group Zaklady Azoty Tarnow (ZAT).
The fact that ZAT has to meet all of its propylene needs with imports was one illustration of how unsatisfactory the situation has become, the companies added in further presentations on their intended zlotych (Zl) 6bn ($1.9bn, €1.5bn) petrochemical park, to be located adjacent to Lotos' Gdansk refinery.
Poland's first ever industrial-scale methanol plant could also be built in the park, according to the companies' plans.
While helping to roll back Poland's overall annual chemical goods trade deficit of more than €5bn ($6.4bn), the investment could also serve as a driver of development in and around Gdansk, said ZAT CEO Jerzy Marciniak.
“This type of project is able to generate demand that should [directly and indirectly] generate between 2,500 to 3,000 jobs across different industries ... while it will also lead to better use of the [Gdansk] port, railways, roads and motorways, which is added value in itself,” he added.
A pre-feasibility study ordered by ZAT and Lotos will look at whether the petrochemical complex should be centred around an ethylene cracker or an aromatics extraction plant.
Initial production is expected by late 2017 at the earliest, the companies said.
($1 = Zl 3.17, €1 = Zl 4.10)
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