SABIC, Aramco, PKN Orlen to start feasibility study for petchems complex in Poland
MADRID (ICIS)–SABIC, Saudi Aramco, and PKN Orlen are moving ahead with a feasibility study to potentially build a petrochemicals complex in Gdansk, in Poland’s northern Baltic coast.
The three companies have been mulling the project since January, when they signed a memorandum of understanding (MoU).
This week, the Saudi petrochemicals major SABIC, its majority owner energy major Saudi Aramco, and Poland’s energy and petrochemicals major PKN Orlen signed a tripartite joint development agreement (JDA) to assess the “technical and economic feasibility” for the project.
“The joint development agreement has embarked SABIC on key steps toward a potential partnership with Saudi Aramco and PKN Orlen in petrochemicals,” said SABIC’s CEO, Abdulrahman Al-Fageeh.
Potential production capacities and financial details were not disclosed.
SABIC had not responded to a request for comment at the time of writing.
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