Natural gas becoming too expensive for fertilizer producer

"We have recently observed the prices of ammoniac on world markets dropping, while gas is becoming more and more expensive," explained Marcin Buczkowski, member of ZAP's management board. He also added that in order to secure production continuity the company will not completey replace natural gas with ammoniac. ZAP is currently in talks with a Russian party concerning the construction of a warehouse located in the neighborhood of ZAP, which would allow larger supplies of ammoniac to be purchased. "The Russians would invest in the project and there would be no financial engagement on our side," said Buczkowski. Apart from that, ZAP is also planning to start selling its products to Russia. Buczkowski believes that the Russian market has a very large potential. (Parkiet, p. 3) A.F.