No. 68/2022  |  07-10-2022  |  15:56

New deadline for finalization of the investment - extension of fertilizers production capacities at ANWIL

PKN ORLEN S.A. hereby informs that on 7 October 2022 there have entered into force the terms of memorandum of understanding (“MoU”) signed between ANWIL S.A. and Tecnimont S.p.A., on the base of which there will be prepared an annex to the agreement with Tecnimont S.p.A. as of 28 June 2019 for design, deliveries and building “in turn key” formula a granulation unit in ANWIL S.A. in Wloclawek (“Annex to the Agreement”). The main provisions of MoU that will be finally implemented in the Annex to the Agreement, caused the change of the date of finalizing of the building of granulation unit in ANWIL for the end of June 2023 and its start-up by the end of July 2023.

The agreement with Tecnimont S.p.A. is one of the three most important contracts concluded within the frames of the extension of fertilizers production capacities in ANWIL S.A.

In addition, unfavorable macroeconomic conditions in which the investment is realized affect not only the extension of the investment finalization but also the investment budget, which is currently estimated at ca. PLN 1,7 bn.

PKN ORLEN owns 100% of the registered capital of ANWIL S.A.

See also: regulatory announcement no 67/2022 dated 7 October 2022, no 53/2021 dated 20 December 2021, no 52/2021 dated 20 December 2021, 36/2019 dated 12 September 2019, no 30/2019 dated 28 June 2019, no 9/2019 dated 24 April 2019 and no 107/2018 dated 14 December 2018.