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Unipetrol RPA has signed a license agreement with INEOS, based on which it acquired the right to use a production process and technology for the new polyethylene unit (PE3). Purchase of the license is the first achieved milestone and represents the official start of the project’s execution.


"The construction of a new polyethylene unit is a key investment project in our medium-term strategy. We have chosen the newest technology, which will allow us to innovate our current product portfolio and satisfy most demanding requirements of our customers," says Marek Świtajewski, Chairman of the Board of Directors and General Director of Unipetrol. "Now we are ready to take further steps and create a detailed schedule of this project. Our first task is to choose a general contractor. We hope to do it in the first half of 2014," adds Marek Świtajewski.

The new polyethylene unit will assist in the process of increasing utilization of the steam cracker and it will contribute to a better interconnection between the petrochemical and refinery segments of the Unipetrol Group. The most modern technology will also improve production safety and reliability. As a part of its strategy, Unipetrol expects that the petrochemical segment will be the main contributor to the profit of the Group in the years to come.

INEOS is a worldwide manufacturer of petrochemical products, special chemicals and crude oil products. For more information, visit www.ineos.com.