POINTERS
Basell jv with PKN Orlen begins production
Polyolefins market leader Basell (NL-2132 MS Hoofddorp; www.basell.com) and Poland´s PKN Orlen (www.orlen.pl) started their production joint venture at the beginning of March. The 50:50 jv, based in Plock, Poland, will operate the 150,000 t/y LDPE and 140,000 t/y PP lines that PKN contributed to the new company. New lines will be built by 2005. About EUR 500m will be invested in a 400,000 t/y “Spheripol” process polypropylene plant and a 320,000 t/y HDPE plant. The new company is likely to be known as Basell Orlen Polyolefins Sp. zo.o.
20.03.2003 Plasteurope.com [14899]
Published on 20.03.2003