Daniel Obajtek shopping. Orlen takes over the Italian-Czech company

Daniel Obajtek shopping. Orlen takes over the Italian-Czech company
Daniel Obajtek shopping. Orlen takes over the Italian-Czech company
-

As Daniel Obajtek announced, PKN Orlen takes over Remaq. The Italian-Czech company operates in the recycling industry. “According to the strategy, we want to process up to 400,000 tons of waste annually into valuable products. Thanks to the transaction, we will already have about 10% of this capacity” – emphasized Obajtek.

New petrochemical products will be made from plastic waste, which can be used in the construction, automotive and packaging industries.

See also: The Lotus logo will quickly disappear from the station. Orlen gave the date

“Our projects in the field of chemical recycling of plastics will allow us not only to implement the principles of the circular economy, but also to reduce the demand for oil and gas in petrochemical production. The acquisition of Remaq will enable the expansion of the Orlen Group’s competences in the field of mechanical recycling. Our goal is appropriate linkage of all waste recycling methods and creation of a fully functional chain in which local governments, waste distributors and final processors will cooperate effectively, “said CEO Daniel Obajtek, quoted in the press release.

Read also in BUSINESS INSIDER

The Italian-Czech company Remaq was established in 2004. It focuses on trading plastic recyclates, in particular polypropylene, polyethylene and polystyrene. In 2009, the company opened a production plant in the Otrokovice industrial estate in the Czech Republic. It has four modern lines for granulating plastics with a total capacity of nearly 29 thousand. tons per year. Remaq is not only the fastest growing plastic recycling company in the Czech Republic, but also holds a significant position in the European market. Its revenues exceed CZK 0.5 billion annually (approximately PLN 100 million)given in the material.

-

See also: Orlen is getting ready to take over PGNiG, and Sasin puts another condition on Obajtkowo

The takeover of Remaq by the Orlen Group is planned by the end of March 2023. It will formally become part of the Czech Unipetrol. Orlen Unipetrol is a 100% company. subsidiary of PKN Orlen. It manages two Czech refineries in Litvinov and Kralupy. In 2021, the company processed 7.12 million tonnes of crude oil.

The PKN Orlen Group manages six refineries in Poland, the Czech Republic and Lithuania, and is also active in Poland and Canada. Its consolidated sales revenues reached PLN 131.5 billion in 2021. The company has been listed on the WSE since 1999.

The article is in Polish

Tags: Daniel Obajtek shopping Orlen takes ItalianCzech company

-

PREV Promotion for SilentiumPC and SPC Gear equipment – cheaper cases, power supplies, mice, keyboards, headphones, cooling and armchairs
NEXT Kotecki (MPC): I am very afraid of the beginning of next year, inflation may soar above 20%.
-

-

-

-