What is the revised budget for Orlen's New Chemicals project, and how does it compare to the scrapped Olefins III project?

The revised budget for Orlen's New Chemicals project is $9.9 billion (35.8 billion zlotys), as announced on April 15. This represents a reduction from the scrapped Olefins III expansion project, whose forecast total costs had spiralled to up to $12.56 billion, prompting Orlen to formally abandon it in December 2024.

What are the key production targets and timeline for the new steam cracker under the New Chemicals project?

The new steam cracker under the New Chemicals project is planned to have a nameplate ethylene production capacity of 740,000 metric tons per year by 2029, with full commissioning scheduled for 2030; it will replace the existing Olefin II cracker, which currently contributes to the site’s total ethylene capacity of 640,000 mt/y, whereas the original Olefins III workscope aimed to raise overall capacity to over 1.0 million mt/y.

Orlen revises New Chemicals project budget to $9.9B

Apr 17, 2026

Polish state-owned Orlen Group revised its New Chemicals project budget to $9.9 billion, cancelling the Olefins III expansion to focus on a new steam cracker with 740,000 mt/year ethylene capacity by 2029.

chemweek

2026-04-17

Orlen revises New Chemicals project budget to $9.9B

2026-04-27

PKN Orlen Adjusts Budget for New Chemical Project

Orlen revises New Chemicals project budget to $9.9B

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