In accordance with the key terms and conditions defined for the purchase (the “Term Sheet”), the transaction would be carried out by Grupa Azoty S.A.’s entering into a preliminary conditional share purchase agreement to acquire in the future 100% of shares in Solarfarm’s share capital, followed by the purchase of the shares under a share purchase agreement in the first half of 2024 by Grupa Azoty S.A. or another company of its Group provided that technical conditions are adjusted and building permits for the construction of a power plant are obtained.

On Thursday, December 22nd, the Guadalupe Explorer gas tanker delivered the first 22,000 tonnes of propane, which will be loaded into propane tanks of the Offshore Gas Terminal built as part of the Polimery Police investment project, to be then used to start up the propane dehydrogenation and polypropylene production units. The delivery is being made under a USD 250m propane purchase agreement with Trafigura PTE Ltd. The agreement satisfies more than 50% of Grupa Azoty Polyolefins’ demand for propane in 2023-2024.

Grupa Azoty is one of the donors who provided funding to grow the art collection held by the Royal Castle in Warsaw. Among the works purchased were paintings by Bernardo Bellotto aka Canaletto, and Marcello Bacciarelli. Grupa Azoty’s donation also helped with the purchase of the painting César-René-Marie-François-Rodolphe de Vachon, Marquis de Belmont-Briançon, a battlefield beyond by Émile-Jean-Horace Vernet.

Ten applications have been selected for PLN 20,000 grants and twenty-three applications – for PLN 7,500 grants in the first edition of the Grupa Azoty START programme. Financial support of over PLN 370,000 in total will go to 33 entities in six provinces.

Grupa Azoty ZAK’s Research and Development Centre has officially launched its operations in Kędzierzyn-Koźle. The project worth PLN 39m will significantly enhance the research and development capabilities of the company and the entire Grupa Azoty Group. The opening of the Research and Development Centre is an important part of the Grupa Azoty Group’s strategy that aims to provide high-quality new and improved products and preserve a long-term competitive advantage. EU funding was obtained for the project.

Grupa Azoty S.A., Grupa Azoty Zakłady Chemiczne Police, Grupa Azoty Polyolefins and the Police Seaport were among the signatories of a letter of intent to build the West Pomeranian Hydrogen Valley. The companies expressed their intent to forge a partnership and take steps to build and advance a hydrogen economy, with a particular focus on the Province of Szczecin. This marks another initiative supporting the development of a hydrogen economy the Grupa Azoty Group has engaged in as one of the leading fertilizer and chemical companies in Europe and the largest hydrogen producer in Poland.