Bartimpex hopes to secure major stake in boietanol market through Polmos

Bartimpex, a company owned by the Gudzowaty family and better know for its activities in the trade of gas, has won exclusive negotiating rights to purchase the shares in two Polmos companies, PPF Akwawit and KSW Polmos. According to Prawo i Gospodarka, it is very likely that the transaction will be concluded this year. If the deal is successful Bartimpex will capture over 50% of the bioetanol market, a special spirit added to fuels. In experts' opinion, after the new law on bioetanol comes into force, demand for this additive will quadruple, up to 250 million liters a year, with a possible annual market value of zl. 500 million. Bartimpex now must first conclude various contract details, including the social pact with Plomos' employees. According to Akwawit's chairman, Stefan Grys, Bartimpex is potentially a good owner, as it has money to invest in the company. Cu rrently, Akwawit is the largest producer of bioetanol, with a capacity to make 100 million liters of the spirit a year. (Prawo i Gospodarka, p. 7) M.T.