PKN ORLEN Management and Supervisory Boards consent for realization of project of building a metathesis installation in Plock

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") hereby informs that on 21 July 2016 Management Board and Supervisory Board of PKN ORLEN gave consent for realization of project of building a metathesis installation at production plant in Plock. It is one of the key development project in petrochemical segment and its aim is to increase propylene production by 100 thousand tons per year to the level of 550 thousand tons per year. The cost of investment will amount to ca. PLN 400 m. The realization of the project will start after conclusion of an agreement with contractors.