Trzebnia refinery plans to triple its annual biofuel production to 300k tones thanks to the construction of new installation.
Our view: PKN decided to expand the biofuel production at Trzebnia refinery because it realized the diesel shortage in Poland. No details on costs of the new installation are revealed therefore we can not fully value the potential impact on the company. However from strategic point of view we see it as a good decision, which would help PKN Orlen to play an increasingly important role in CEE biofuel market therefore expect a slightly positive trading impact on the stock.