Neighbors invest together

| Prospects & Investment |

Gdańskie Zakłady Nawozów Fosforowych “Fosfory”, a member of Grupa Azoty “PUŁAWY”, is located on Gdańsk shoreline. It so happens that the facility neighbors with a plant belonging to Grupa Lotos. Management of both companies is planning to take advantage of such favorable circumstance – having two leading chemical companies in one location – and is preparing for a joint investment project.

Three new lines

The plan is to erect a complex for the manufacturing of aromas, polyethylene and for steam cracking. It is worth to mention here that demand for polyethylene reached 800,000 tonnes annually in Poland. The main client is going to be the works belonging to consolidated Grupa Azoty.

A worthwhile investment

Such a project is likely to succeed not only thanks to the potential of both companies, but also due to the availability of natural energy resources: crude oil and natural gas. Also, the project involves search and excavation of hydrocarbons. Such resource would secure stability of functioning for the installation, making it independent of external suppliers. Looking at the current market situation and the conditions in which the new initiative is to launch experts forecast great success of the joint venture by Grupa Lotos and Grupa Azoty.

At present the two companies are preparing feasibility studies of new installations. Promising results of this research will make it possible to pick the most advantageous option and to launch investment works.