Lotos plans to invest zl.501 million in producing diesel

The project concerns the construction of facility for hydro-desulphurisation of HDS, thanks to which not only production capacity will increase, but also the quality of the fuel will meet continually rising EU standards. The budget earmarked for the project is zl.501 million. "The new facilities will come on line in mid 2009. At the same time we will also finalize renovating the currently operating ones," said the deputy chairman of the supervisory board, Jan Stefanowicz. For the first three years the investment will be financed from the company's own funds, however later on it will take advantage of investment loans. According to analysts, the project is potentially very beneficial as many studies show there will be a continually rising demand for diesel fuel. (Puls Biznesu, p. 5) A.K.