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.
Speak with ICIS
Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.
Want to learn about how we can work together to bring you actionable insight and support your business decisions?