PKN Orlen
Oil refiner PKN Orlen has established a joint venture with Dutch concern Basell Europe Holdings to produce plastics for both the domestic and export markets, the companies announced in a statement.
The decision to join forces should be profitable for both partners. PKN Orlen wants not only to expand its core business in oil processing and fuel production, but also to develop operations in new areas such as the production of plastics. The new company will become a launch pad, making it possible for the Dutch corporation to take a strategic position in central and eastern Europe, where demand for plastics is growing. The Polish market has a shortage of polyolefins, which are the starting material for the manufacture of many plastics necessary for industry and everyday life.
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