Orlen with PLN 4.6 bln CapEx this year

WSE-listed fuel giant Orlen's CapEx planned for 2018 is expected to amount to PLN 4.8 billion, the company said in a market filing. In 2017, the company spent PLN 4.6 billion, compared to PLN 5.5 billion planned. The largest investments are planned in the downstream segment, Orlen wants to spend PLN 3 billion there. Furthermore, the CapEx for the retail segment is at PLN 0.7 billion, PLN 0.8 billion on mining, and PLN 0.3 billion on corporate functions. The main investments include construction of the Polyethylene installation in the Czechia, construction of the Metathesis installation in Płock, construction of the PPF Spliter plant in Lithuania, construction of the Visbreaking installation in Płock and expansion of the fertilizer production capacity in Anwil. The company also plans to open 40 new gas stations.