LM offset capital to help KGHM to enter bio-fuels market?

Copper conglomerate KGHM Polska Miedz is considering becoming a player on the huge prospective bio-fuels market which will open if President Aleksander Kwasniewski signs the bio-fuels bill. The company is planning to construct an agro-refinery to produce bio-components mainly for Rafineria Gdanska refinery, using Lockheed Martin offset capital to partially finance the investment. So far, the Americans have remained silent on the issue. If KGHM plans become a reality, construction might start in the spring to be ready for the 2004 rape harvests. The total cost of the construction of the plant may reach zl. 60 million and together with operating assets the investment may reach even zl. 100 million. (Puls Biznesu, p. 4) J.K.