KSC hopes to keep EU sweet on biofuel funding deal

This is one of the options related to restructuring the enterprise and it could begin in 2006. "We have preliminary permission. We now need decisions concerning locations and sources of financing," said Stanisław Kalinowski, deputy president of KSC. The company is considering launching the production of bio-ethanol and bio-esters. Preparatory costs in one facility stand at roughly zł.25-30 million. The enterprise received minority stakes in some companies, which will be designated for supporting the restructuring program and which should bring about roughly zł.100 million in cash. "We hope that similarly to the German case the EU will not oppose against such use of state funds," said Kalinowski. (Puls Biznesu, pp. 1, 7) M.M.