Brief: PCC Exol and PCC Rokita To Invest In New Production Site For Alkoxylates

PCC Exol SA

03/12/2021 08:57

Dec 3 (Reuters) - PCC Exol SA  PCXP.WA :
    * SAID ON THURSDAY THAT MANAGEMENT AND SUPERVISIORY BOARD
HAS
APPROVED COMPANY'S NEW INVESTMENT PROJECT IN BRZEG DOLNY
    * SAID INVESTMENT IS NEW PRODUCTION SITE FOR ALKOXYLATES AND
OTHER
CHEMICAL COMPOUNDS
    * INVESTMENT WILL BE REALISED BY PCC BD (A 50/50 PARTNERSHIP
OF
PCC EXOL AND PCC ROKITA)
    * ESTIMATED CAPEX FOR THIS INVESTMENT IS 351 MILLION ZLOTYS
    * INVESTMENT TO BE FINISHED BY MID-2026
    * ESTIMATED ANNUAL NEW PRODUCTION POTENTIAL WITH REGARDS TO
ASSUMED PORTFOLIO THANKS TO INVESTMENT IS 50-55 THOUSAND TONNES
    * SUPERVISORY BOARD APPROVAL PUTS INTO FORCE COMPANY'S DEAL
TO BUY
ETHYLENE OXIDE FROM PKN ORLEN  PKN.WA  SIGNED IN OCTOBER
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 Further company coverage:  PCXP.WA   PCR.WA  

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