Kędzierzyn fails to win approval for zł. 400 million offset project

The ZA Kędzierzyn nitrogen plant has had all four of its projects submitted to the offset committee rejected. This comes as a severe blow to the company as it could have brought in over zł. 400 million of revenues in the form of various projects, in particular the construction of a methanol production facility, which would have been the first of its kind in the county. The company also failed to get beyond talks with an American investor who was interested in the idea. "We are currently searching for a new partner. We have already received several offers. We now have to think how we would want to work with them," said plant director Jerzy Majchrzak. ZA Kędzierzyn's difficult financial situation means it cannot raise a bank loan. "So far we have focused on the methanol project. We still hope that it will be re-examined by the offset committee," Majchrzak said. (Puls Biznesu, p. 6) A.K.