Polish fertilizers and chemicals company Anwil SA and Milan-based Tecnimont SpA have inked a Memorandum of Understanding (MOU) providing for the preparation of an “Annex to the Agreement” the two parties signed on June 28, 2019, Polish oil refiner and petrol retailer PKN Orlen SA said in a Dec. 20 statement.
The original agreement was for the design, deliveries, and building “in turn key” formula of a new nitrogen granulation unit at Anwil’s existing production site in Włocławek, in central Poland, said PKN Orlen, which owns 100 percent of Anwil’s registered capital (GM July 3, 2019).
It said the main provisions of the MOU that will be finally implemented in the Annex to the Agreement, caused the change of the date of finalizing the building of the granulation unit for the end of 2022, and its start-up by the end of January 2023. The original schedule was for a mid-2022 completion.
Under the original plan, the granulation unit was to have an average production capacity of about 1,500 mt/d, depending on the type of fertilizer. Once commissioned, the new facility would boost Anwil’s production capacity to 1.461 million mt/y, m from the current 966,000 mt/y.
The implementation of the MOU provisions to the Annex to the Agreement remains subject to certain corporate approvals by Anwil.
PKN Orlen said the disclosure of this inside information regarding the new deadline for the finalization of the investment was delayed on Nov. 16.