Grupa Azoty Polyolefins (EBRD-48212)

Countries
  • Poland
Where the impacts of the investment may be experienced.
Specific Location
Police
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 30, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
GRUPA AZOTY POLYOLEFINS SA
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 137.86 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 125
Converted using 2020-01-30 exchange rate.
Project Cost (USD)
$ 1,780.05 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 1614
Converted using 2020-01-30 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 17, 2020

Disclosed by Bank Jan 30, 2020


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Project Description

According to the Bank's website, this project finances the construction and operation of an integrated propane dehydrogenation unit (PDH) and polypropylene unit (PP) to manufacture propylene and polypropylene. The facilities will be located in the town of Police, adjacent to the existing facilities of GA Police and will have access to its utilities and infrastructure. 

The site is away from residential areas and will not be associated with resettlement of livelihood loss. The new plant is not located in protected areas, however, the shipping canal is within a Natura 2000 area, and a number of Natura 2000 areas are located nearby. 

Additional technical cooperation is being considered as part of the project. This would entail the following: (i) increasing awareness of the implications of climate change for the borrower; and (ii) assessing and reviewing the climate related reporting procedures of the borrower. 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors

The borrower is a subsidiary of Grupa Azoty and GA Police established to implement an integrated petrochemical complex consisting of propylene (based on propane dehydrogenation/PDH technology) and polypropylene production facilities.

Contact Information

Company Contact 

Karolina Kaminska
info_@polyolefins.com 
https://pdhpolska.eu/pl/start/ 
Grupa Azoty Polyolefins S.A. Kuznicka 1 72-010 Police

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.