Azoty Police with record investment

ZCh Police, one of the companies included in  Azoty chemical group will develop a project valued at PLN 1.67 billion, the company informed. This is the largest investment of Grupa Azoty ever. The installation is designed to manufacture propylene using PDH method. It will be the largest such plant in Europe. The investment will be developed by a special purpose vehicle (SPV) owned by Grupa Azoty and delivered by 2019. According to the Treasury Minister Włodzimierz Karpiński, the investment will create 1,000 new jobs. The facility will produce 400,000 metric tons of propylene per-year of which some 60 percent will be exported. A state-owned Polish Development Investments (PIR) and investment funds may financially contribute to the project , "we are finalizing the talks," Krzysztof Jałosiński, ZCh Police CEO said. According to the press release, the investment will increase Grupa Azoty revenue by PLN 2 billion annualy. WSE-listed Grupa Azoty, Puławy-based company specializes in the production of mono-volumes of nitrogen fertilizer and is one of the world's largest producers of melamine.