On September 16th 2022, representatives of Grupa Azoty met with senior executives of Hyundai Engineering Co., Ltd., the general contractor on the Polimery Police project. During the meeting, participants discussed the progress of construction works at the new complex and gas terminal.

Based on a due diligence and valuation of the business of Zespół Elektrowni Wodnych Niedzica S.A., the Management Board of Grupa Azoty S.A. expressed an interest in acquiring and integrating the company into the Grupa Azoty Group. At the same time, a decision was made to request the Polish State Treasury, as the sole shareholder in ZEW Niedzica, to initiate a process leading to its potential acquisition and merger into the Grupa Azoty Group.

Despite temporary production cuts at three of the Grupa Azoty Group’s companies, the Group continues to provide supplies of CO2 to its existing customers. The reduction in fertilizer production was planned so as to ensure the availability of sensitive products, including liquid CO2, dry ice and ammonia water, which is necessary for the operation of the commercial power industry.

Due to record prices for natural gas, the main production feedstock used by Grupa Azoty S.A., on August 22nd 2022 the Company decided that as of August 23rd 2022 it will temporarily shut down its nitrogen fertilizer, caprolactam and polyamide 6 production units. As a consequence of Russia’s aggression against Ukraine, since February 24th 2022 natural gas prices on the European exchanges have been soaring to extraordinary, historically high levels. Over the past six months, gas prices surged from EUR 72/MWh on February 22nd 2022 to EUR 276/MWh on August 22nd 2022.

The new Tarfuse® rPLA line comprises filaments made from granules that are 100% industrial recyclate derived from residual waste recycling. The new line is Grupa Azoty’s response to eco-friendly expectations of 3D printing users.

Dr Grzegorz Kądzielawski, Vice President of the Management Board of Grupa Azoty S.A., has been elected by the General Assembly of Fertilizers Europe, an association of Europe’s largest fertilizer companies, as its Vice President for the next term from 2022 to 2024. It is the second term in a row dr Grzegorz Kądzielawski has been appointed Vice President of Fertilizers Europe.