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Grupa Kapitałowa Grupa Azoty
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On October 29th, Grupa Azoty Polyolefins S.A. concluded an agreement regarding cooperation in the field of education with the Poviat Starosty in Police.
Consolidated revenue for the third quarter of 2021 was PLN 3,882m, up PLN 1,466m year on year. EBITDA came in at PLN 300m (up PLN 50m year on year). However, comparable EBITDA adjusted for one-off items comprising sectoral compensation payments and the government anti-crisis shield scheme was PLN 130m higher year on year in the third quarter of 2021. EBITDA margin was 7.7%.
On November 2nd 2021, LOTOS Petrobaltic and its partners Grupa LOTOS and Grupa Azoty presented a set of recommendations on legislative changes that would enable the deployment in Poland of large-scale commercial carbon capture and storage (CCS) projects.
The Grupa Azoty 2021–2030 Strategy is a response to challenges posed by the contemporary world, covering environment, society and its safety. The document envisages a number of specific measures driven by the Group’s climate and energy transition policy. The new strategy provides for the launch of the ‘Green Azoty’ project, intended mainly to decarbonise and reduce emissions from the Group’s production units, implement R&D projects that are consistent with the European Green Deal and deploy new solutions in the area of environmentally friendly, zero carbon renewable energy sources, including solar photovoltaics and wind power. In line with the adopted objectives, the total capacity of new renewable energy sources will reach ~300 MW in 2030. The entry into the wind power and SMR segments contemplated by the Group may deliver additional several hundred MW from zero-carbon energy sources.
“On the back of decisive measures taken by Grupa Azoty to stabilise the fertilizer market, the price increases have slowed down. Some of the authorised distributors of Grupa Azoty have posted on their websites detailed price lists with revised retail prices,’ said Karol Rabenda, Deputy Minister of State Assets.
Grupa Azoty S.A. has signed an agreement to donate PLN 77,000.00 for the purchase of medical equipment that will help enhance the quality of services provided by the Małopolska Centre for Burns and Plastic Surgery, Limb Replantation and Hyperbaric Therapy at the Ludwik Rydygier Specialist Hospital in Kraków.