No. 43/2021 | 27-10-2021
Agreement for building of the “Bottom of Barrel” unit in the ORLEN Lietuva Production Plant in Mazeikiu
PKN ORLEN (“Company”) informs that on 27 October 2021 AB ORLEN Lietuva (“ORLEN Lietuva”) signed the agreement for building of the “Bottom of Barrel” unit (“Investment”) in EPC formula (Engineering, Procurement and Construction) in the ORLEN Lietuva Production Plant in Mazeikiu with Petrofac Limited headquartered in London.
Total cost of the Investment is estimated at the level of ca. EUR 641 m. The completion of the Investment is planned by the end of 2024. It is estimated that realization of the Investment would increase ORLEN Lietuva EBITDA by ca. EUR 68 m annually.
See also: regulatory announcement no 42/2021 as of 8 October 2021 and no 41/2021 as of 8 October 2021.