ORLEN Unipetrol will invest CZK 8bn; plans to build DCPD

Published: 10.02.2021 Related countries:  South Africa South Africa

ORLEN Unipetrol will invest CZK 8bn; plans to build DCPD

ORLEN Unipetrol plans to invest CZK 8bn in 2021. The aim is to further modernise production capacities and improve their energy and operational efficiency and reliability. The group will start construction of a new production unit that will produce liquid hydrocarbon DCPD. ORLEN Unipetrol recorded revenues in the amount of CZK 83.1bn in 2020. Its EBITDA LIFO was on the level of CZK -365m. A net loss in the amount of CZK 5.4bn was affected, inter alia, by an increase in the level of depreciation due to the implementation of an intensive investment plan. The investments totalled CZK 10bn in 2020. The volume of processed oil amounted to 6.08 million tons. Volumes of sales of refinery products reached 5.27 million tons, while volumes of sales of petrochemical products reached 1.66 million tons.