Anwil signs JV agreement for PET plant

Polski Koncern Naftowy ORLEN SA (“PKN ORLEN”), Central Europe’s largest downstream oil company, hereby announces that Z.A. Anwil S.A. (“Anwil”) together with SK Chemicals and SK Global have signed a JV agreement for the construction of a 120,000 tpa PET bottle-chip (PET bottle-grade resin) plant on Anwil’s premises in Wloclawek, Poland. The total investment is expected to be up to USD 60m.
SK Chemicals and SK Global are leading members of SK Group, Korea’s third largest conglomerate with the sales revenue of USD 45bn. Anwil is leading producer of nitrogen fertilisers and PVC. PKN ORLEN holds a 74.97% stake in Anwil.