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Grupa Azoty Group explores opportunities for collaborative decarbonisation projects with U.S. partners and the import of clean ammonia from the United States
Among various cost areas, ammonia represents a significant focus for the Grupa Azoty Group. This includes production costs, the cost of feedstock and costs associated with its carbon footprint. Consequently, the Group is actively seeking to establish partnerships with major decarbonised ammonia operators in the United States. Ultimately, this move could enhance the Grupa Azoty Group’s position in the EU fertilizer producer market and further bolster the decarbonisation initiatives within the framework of the Group’s Green Strategy. The initial course of action in this field was discussed during the US GULF COAST – CENTRAL EUROPE COOPERATION IN CLEAN HYDROGEN conference organised by the Grupa Azoty Group, held in Warsaw on November 2nd. The event, the first of its kind in Europe, drew the participation of representatives of leading European fertilizer companies and decarbonised ammonia operators from the United States. During the conference, discussions were conducted with the intention of formalising agreements for future collaboration.
02.11.2023
Another project delivered by Grupa Azoty ZAK under New Energy Concept
Grupa Azoty ZAK has successfully completed its latest investment project, installing a new oxygen compressor at the Ammonia Department of its plant in Kędzierzyn Koźle, set to bring about notable improvements in process and workforce safety. Worth nearly PLN 77m, the project marks another milestone in the New Energy Concept, one of the flagship investment programmes currently underway at Grupa Azoty ZAK.
30.10.2023
Grupa Azoty Group’s estimated financial results for Q3 2023
The three months ended September 30th 2023 saw improved demand, notably in the Agro Segment and, to a degree, in the Chemicals Segment, especially relative to the prior quarter. This led to an increase in production volumes and a decrease in fertilizer inventories. However, most Grupa Azoty products were offered at prices that were lower than those from the previous year by an average of 52%. The Group estimates to have generated consolidated revenue of PLN 3,075m, EBITDA of PLN -348m, and an EBITDA margin of -11.3%.
26.10.2023
Grupa Azoty and VSB Holding GmbH have agreed on a revised Term Sheet outlining the path to acquisition of the entire share capital of Solarfarm Brzezinka (the “Term Sheet”).
Subject to approval from the upcoming General Meeting, Grupa Azoty S.A. plans to sign, by mid-December, a preliminary conditional agreement for purchase of all shares in Solarfarm Brzezinka, which, once launched, will be the largest solar PV power plant operating in Poland. In the next step, Grupa Azoty S.A. or a designated company of its group would complete the acquisition of Solarfarm shares by the end of the third quarter of 2024 under a share purchase agreement.
19.10.2023
Innovative collaboration: Polska Grupa Zbrojeniowa and Grupa Azoty
Polska Grupa Zbrojeniowa, a leading producer of advanced solutions for the armed forces, and Grupa Azoty, a prominent player in the European fertilizer and chemical industry, have signed an agreement set to open new horizons in technological advancement and manufacturing.
12.10.2023
Grupa Azoty Fosfory’s commitment to energy independence and R&D plans for phosphogypsum management
Grupa Azoty Fosfory is on a mission to enhance the energy efficiency of its production processes. Central to this effort is the forthcoming upgrade of the sulfuric acid plant incorporating a power generation turbine, an initiative set to result in a remarkable reduction of approximately 20,000 MgCO2 of greenhouse gas emissions annually. The project entails an estimated investment of nearly PLN 100 million. In parallel with the upgrade project, Grupa Azoty Fosfory is commissioning a rotary dryer equipped with a new natural gas combustion chamber. This innovative addition is set to significantly curtail carbon dioxide (CO2) and sulfur dioxide (SO2) emissions, while promising to reduce process downtime. Grupa Azoty S.A. isn’t solely focused on current projects, but is also committed to advancing its understanding of phosphogypsum management through dedicated research and development endeavours.
11.10.2023
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