Poland's Grupa Lotos to build own Baltic sea terminal

12 July 2013 15:58  [Source: ICIS news]

LONDON (ICIS)--Polish oil and petrochemicals group Grupa Lotos is to build its own Baltic Sea port in Gdansk by 2015, the company said on Friday.

The terminal, to be built at the mouth of the River Vistula on Gdansk Bay, would handle cargoes weighing less than 5,000 tonnes, simultaneously cutting costs and simplifying logistics, it added.

Lotos' crude oil shipments, which weigh more than 5,000 tonnes, would continue to be received via a current Gdansk port, Naftoport, the company said.

Deliveries of biofuel components, such as fatty acid methyl esters (FAME), provided one example of incoming shipments that could be directed through the new terminal, the cost of which could not yet be specified, Lotos added.

Lotos, Poland's second largest refiner, in July last year announced that it had diversified into petrochemical production with the opening of a 120,000 tonne/year mixed xylenes (MX) plant.

The company is currently working with Polish chemical group Grupa Azoty on a feasibility study for a split-location petrochemical complex that would produce approximately 1m tonnes/year of products.

The project could be rolled out both next to Lotos’ refinery in Gdansk and in the southern Polish location of Tarnow, where Grupa Azoty has its production complex.

By: Will Conroy
+44 20 8652 3214

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