At the official opening of the factory in the southern town of Trzebinia on Thursday, PKN Orlen's CEO Daniel Obajtek said the project would mee 75 percent of domestic demand for polypropylene glycol.
The facility is able to churn out 30,000 tonnes per year of the chemical, which is clean and environmentally friendly, Obajtek told reporters, adding it could be used in a variety of industries, from medicine to cosmetics to aviation.
"The factory has been built in Trzebinia because it completes the range of products we make here," Obajtek said, as quoted by PAP.
He told reporters that the facility, a first for Poland and the biggest in Europe, according to the company, would also produce hydrogen, some of which would be used for urban transport.
Obajtek said that the PKN Orlen group was making investments in the energy and petrochemicals sectors, and "robustly developing" its subsidiaries as well as foreign-based assets as it maintained a presence in over 100 countries.
The new glycol factory in Trzebinia is expected to increase PKN Orlen's earnings before interest, taxes, depreciation and amortisation (EBITDA) by over PLN 50 million (EUR 11 million) a year, PAP reported.
(pm/gs)
Source: IAR, PAP