Grupa Azoty. The priority for 2014 is investment
Grupa Azoty is intending to tighten the cooperation with KGHM Polska Miedź, the same company which has just signed a deal with “PUŁAWY”. The agreement concerns seeking and excavation of resources used in chemical manufacturing.
Another level of cooperation
The implementation of joint energy projects constitutes the next step in the process, following the previous deal. Namely, Grupa Azoty “PUŁAWY”, Gdańskie Zakłady Nawozów Fosforowych “Fosfory” and KGHM Polska Miedź had signed an agreement regarding the search for and mining of phosphorites. The cooperation of the companies is also to expand to such areas as the processing of phosphogypsum and searching for potassium salt deposits abroad.
Additionally, Grupa Azoty is intending to continue the investment projects which have been initiated already and to launch new such initiatives, estimated to be worth over 800 million PLN! New investments concern modernizing installations for ammonia manufacturing and processing, for the production of liquid and granulated fertilizers, as well as the energy sector. The overriding objective of these projects is improving the efficiency and operational excellence of installations in all works forming Grupa Azoty.
Further investment in natural gas
Grupa Azoty is not planning to become involved in the search for natural gas, but it is interested in participating in projects which have already reached the excavation stage. The opening of LNG (liquefied natural gas) Terminal in Świnoujście will certainly have a major influence on the activity of Grupa Azoty in this respect, seeing that it will lead to te diversification of natural gas supply sources.