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Grupa Azoty Polyolefins has extended the validity of the Stabilization Agreement dated December 15, 2023, with subsequent amendments, concerning the financing of the Polimery Police project. Consequently, the terms under which Financial Institutions provide financing for the Project will remain in effect for the extended period of the Stabilization Agreement, i.e., until March 31 of this year.
At the Mijanka port in Police, owned by Grupa Azoty, the unloading of an ammonia shipment from North Africa has been completed. This purchase of a key raw material for fertilizer production is part of cost optimization efforts in response to the rising costs of in-house ammonia production. Producing one ton of ammonia requires at least 950 m³ of natural gas, making its production increasingly expensive. Grupa Azoty's Police plant is home to Poland’s only ammonia transshipment terminal, which is continuously adapted to meet current and future supply demands. The project utilizing the Police port for ammonia imports is one of the initiatives within the AZOTY BUSINESS Program.
Grupa Azoty is introducing a new product to the market: FOLIRES™, a nitrogen fertilizer with sulfur and magnesium designed for foliar plant nutrition. Produced at Grupa Azoty Puławy, it will be available in 20 kg packaging.
Joint research and development initiatives aimed at expanding the Police Port are the primary objectives of the agreement signed between Grupa Azoty Police, the Management Board of the Maritime Port of Police, and the Maritime University of Szczecin. The collaboration will leverage the university’s scientific expertise and the capabilities of the Police-based company, with a particular focus on initiatives within port areas.
In February this year, Grupa Azoty joined Business & Science Poland (BSP), the largest Polish business organization in Brussels, which represents the interests of Polish enterprises and assists in managing regulatory and economic risks. Currently, the main challenges for Grupa Azoty include, among others, gas prices and costs related to CO₂ emissions; these issues will therefore be the primary concerns raised by the Group’s representatives within the framework of its BSP membership.
The Grupa Azoty Management Board has approved a resolution that preliminarily adopts a concept for integrating logistics operations within the Grupa Azoty Capital Group. In the coming steps, a dedicated team will develop the final integration model, exploring opportunities to centralize logistics functions.