PKN Orlen's model petrochemical margin fell month on month by EUR82/tonne to EUR1,087/tonne in September, its lowest level in the year so far, said the company.
In August, the margin was EUR1,169/tonne, while in September 2021, it was EUR1,267/tonne.
The highest monthly margin recorded by Orlen in the year to date is April’s EUR1,456.
We remind, Poland’s ORLEN Group has finalised its merger with Grupa LOTOS, strengthening its leading role in the fuel and energy industry in Central and Eastern Europe. The final step in the process that has been successfully completed was the registration of the merger by the District Court of Lodz. The merger paves the way for unlocking synergies inherent in leveraging the potential of the two companies. As an immediate effect, the merger of PKN ORLEN and Grupa LOTOS will help increase capital expenditure, step up the execution of the most profitable projects, increase the country’s energy independence and ensure stable fuel supplies for all customers.
mrchub.com