Grupa Lotus invests in diodiesel gas production Petroleum processing company

The device is to be installed in the former Czechowice refinery. Thanks to this investment, the company's annual production capacity of biocomponents will reach about 100,000 tonnes. Company representatives also stated that it is very likely that Grupa Lotos will manage to meet forecasts for 2005, which were earlier raised due to the company's favorable situation. "I can say that the 2005 results, both where revenues and net profit are concerned, will meet the November amended projections," said Pawel Olechnowicz, Grupa Lotos president. The projected net profit, calculated according to international accounting standards, is to reach zl.644 million. The company's sales revenues should surpass zl.10 billion. (Parkiet, 21-22 January, p. 4) D.W.