Disclosure of delayed inside information regarding building of the new Air Separation Unit III in the Production Plant in Plock

PKN ORLEN S.A. (“Company”) discloses the following inside information, publication of which was delayed:

 

- on 12 April 2022:

 

“PKN ORLEN (“Company”) informs that on 12 April 2022 the Company’s Management Board gave consent for realization of the investment – building of the new Air Separation Unit III in the Production Plant in Plock (“Investment”). The annual production capacity of the unit will amount to 38 500 Nm3/h of oxygen and 75 000 Nm3/h of nitrogen. Realization of the Investment is necessary due to the need to secure oxygen gas and nitrogen gas to new, building Olefins III complex and other units in the Production Plant in Plock.

 

Total cost of the Investment is estimated at the level of ca. PLN 760 m. The completion of the Investment is planned for the beginning of 2025.

 

The Company’s Management Board gave also consent to sign with Linde GmbH an agreement for building the new Air Separation Unit III unit in EPC formula for ISBL.

 

Realization of the Investment is subject to the approval of the Company’s Supervisory Board which the PKN ORLEN Management Board will request for.”

 

- on 20 April 2022:

 

“PKN ORLEN (“Company”) informs that on 20 April 2022 the Company’s Supervisory Board gave consent for realization of the investment – building of the new Air Separation Unit III in the Production Plant in Plock (“Investment”). The annual production capacity of the unit will amount to 38 500 Nm3/h of oxygen and 75 000 Nm3/h of nitrogen. Realization of the Investment is necessary due to the need to secure oxygen gas and nitrogen gas to new, building Olefins III complex and other units in the Production Plant in Plock. Additionally realization of the Investment will allow to extent the scope of the offered products with high-margin liquid gases and also there will be achieved savings due to improved operation and processing efficiency.

 

Total cost of the Investment is estimated at the level of ca. PLN 760 m. The completion of the Investment is planned for the beginning of 2025.

 

Thanks to today’s consent of the Company’s Supervisory Board it will be possible to sign with Linde GmbH an agreement for building the new Air Separation Unit III unit in EPC formula for ISBL, after all contractual conditions have been negotiated.”