At its meeting held on January 16th 2023, the Supervisory Board of Grupa Azoty S.A. passed a resolution to remove from the Management Board of Grupa Azoty S.A. one of its Vice Presidents Mr Tomasz Hryniewicz. The resolution came into effect upon its adoption. At the same time, Grupa Azoty Puławy S.A. accepted a statement of resignation by Mr Tomasz Hryniewicz from the position of President of the Management Board and from membership of the Management Board of Grupa Azoty Puławy S.A., effective January 16th 2023.

Grupa Azoty has opened a new fertilizer storage facility in Tarnów. The new complex has a total storage capacity of about 6,650 tonnes of fertilizer. The project is a response to growing customer expectations regarding fertilizer availability. It also marks a step towards increasing the number and efficiency of loading operations. The project cost more than PLN 14.5m.

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.