New chemical investment will change Poland's industrial map: president

Polish President Andrzej Duda. Photo: PAP/Marcin Bielecki

President Andrzej Duda said on Monday that the Polimery Police complex for polypropylene production will change Poland's industrial map and the position of the north-western province on this map.

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The president, during his visit in Police, north-western Poland, described the investment planned by the Azoty Group, one of the leading European fertiliser and chemical manufacturers, “as unbelievably large and fund consuming, but also meeting global standards.”

A credit agreement concerning the Polimery Police complex was signed on Sunday. President Duda said that when talking about the investment of up to EUR 2 bn, the problem of funding closure becomes “serious”.

Poland’s head of the state admitted that this goal had been accomplished in the case of this large investment.

“The mechanism, which has been created, has made it possible to implement a project worth PLN 7 bn [EUR 1.6 bn]... it is twice as much as the cost of the gas terminal in Świnoujście (also north-western Poland),” he added.

When ready, the Polimery Police, planned at the site of the plant in Police, will have the capacity to manufacture nearly 500,000 tonnes of polypropylene. This amount will fully satisfy Poland's import demand for this substance.

The investment in Police will allow the creation of 400 new jobs. “Indirectly, about three times more will be created around the factory and the plant itself will attract young engineering staff,” the President said.