No. 9/2019 | 24-04-2019
Agreement for building a nitric acid and neutralization installation by ANWIL S.A.
PKN ORLEN S.A. hereby informs that on 24 April 2019 ANWIL S.A. signed an agreement with thyssenkrupp Industrial Solutions AG for design, deliveries and building “in turn key” formula a nitric acid and neutralization installation in ANWIL S.A. in Wloclawek (“Agreement”).
Building of a nitric acid and neutralization installation is a key stage in realization of investment task regarding extension of fertilizers production capacities in ANWIL S.A. The Agreement signed today with thyssenkrupp Industrial Solutions AG is the first of three most important contracts to be concluded within the frames of the extension of fertilizers production capacities in ANWIL S.A.
The project assumes increase of fertilizers production capacities by 495 th.t yearly, ie. to the level of 1 461 th.t yearly. Estimated total cost of the investment amounts to ca. PLN 1,3 bn. The finalization of the investment is planned by the half of 2022. After realization of the project it is estimated that the operating profit EBITDA of ANWIL S.A. may increase by ca. EUR 57 m yearly.
PKN ORLEN owns 100% of the registered capital of ANWIL S.A.
See also: regulatory announcement no 107/2018 dated 14 December 2018.