Orlen Halts Olefin III Construction Amid Financial Concerns

Orlen’s supervisory board has decided to suspend the construction of the Olefin III complex in Płock, citing escalating costs and mismanagement of the project’s scope. Initially budgeted at PLN 25 billion, the projected expenses have ballooned to PLN 45–51 billion.

The board announced that further work will proceed under the "New Chemistry" initiative, focusing on rationalizing expenditures. External advisors identified issues such as underestimated costs, incomplete project scope, and…