Agreement for building of the “Bottom of Barrel” unit in the ORLEN
Lietuva Production Plant in Mazeikiu
Regulatory announcement no
43/2021 dated 27 October 2021
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
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.
regulatory announcement no 42/2021 as of 8 October 2021 and no 41/2021
as of 8 October 2021.