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Negotiations on Polimery Police: Cooperation and Stabilization Agreement signed between Grupa Azoty, Orlen S.A., Hyundai Engineering Co., LTD., and Korean Overseas Infrastructure & Urban Development Corporation
The signing of the Cooperation and Stabilization Agreement marks the next phase in discussions between Grupa Azoty and Orlen. Both companies have reaffirmed their commitment to further analyze strategic options outlined in the Letter of Intent signed in September this year regarding Grupa Azoty Polyolefins. The agreement remains in force until March 31, 2025, or earlier, should specific conditions outlined in the agreement arise.
19.12.2024
Grupa Azoty Polyolefins and Financial Institutions extend financing terms for Polimery Police for another period
Following detailed discussions and agreements with banking partners, Grupa Azoty Polyolefins has signed an Amendment to the Stabilization Agreement originally dated December 15, 2023, concerning the financing of the Polimery Police project. This amendment extends the terms of the Stabilization Agreement’s validity to January 31, 2025. The updated agreement has been finalized with 15 financial institutions.
16.12.2024
Grupa Azoty and the Municipality of Tarnów sign a Strategic Agreement on potential areas of cooperation
The Agreement marks a return to the 2013 concept aimed at fostering effective collaboration between the Tarnów-based facility and the municipal authorities. The parties plan to cooperate in areas such as the economy, infrastructure development, social policy, culture, science, and environmental protection.
12.12.2024
New fifth nitric acid line launches in Grupa Azoty's Puławy plant
Grupa Azoty Puławy has commissioned the fifth line of its nitric acid installation, marking the completion of a key phase of the plant's startup process. The fifth line is part of a major modernization and construction project for nitric acid production and related facilities, valued at PLN 300 million. The project improves the efficiency of nitric acid production, enhances the economic feasibility of nitric acid-based fertilizers, and aims to reduce environmental emissions.
11.12.2024
Grupa Azoty Launches Production of a New Fertilizer in December
Grupa Azoty is expanding its product portfolio with the introduction of a granular nitrogen fertilizer with sulfur and calcium, branded as eNpluS. This move continues the company's strategy to develop its offerings in line with market demands. The production of eNpluS will take place in Puławy and Kędzierzyn-Koźle, making it the latest addition to the product range in recent months. Earlier, the portfolio was enriched with megAN (a coarse-granule ammonium nitrate fertilizer) and RSM OPTIMA (a urea-ammonium nitrate solution with a unique light-blue color for easy identification of its origin).
09.12.2024
Grupa Azoty Polyolefins and Financial Institutions extend financing terms for Polimery Police Project
Following discussions and agreements with banks, Grupa Azoty Polyolefins has signed an Amendment Agreement to the Stabilization Agreement dated December 15, 2023, concerning the financing of the Polimery Police project. The parties have agreed on the terms under which the Financial Institutions will provide financing for the project during the next period of the Stabilization Agreement, effective until December 13 of this year. The Amendment Agreement was signed with 15 Financial Institutions.
04.12.2024
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