SEKAB enters the bio-fuels market via Biopaliwa

Representatives of the domestic company refused to comment on the transaction, which was delayed from March 2006 due to lack of biofuel legislation and uncertainty on whether the firm would receive a loan for the construction of a bioethanol factory with an annual capacity of 140 million liters. This move has now marked the entrance of foreign investors to the Polish bio-fuels market. The largest producer of bio-ethanol in Poland is Akwawit and Polmos Wroclaw, controlled by Brasco, a company owned by Aleksander Gudzowaty. Brasco announced it is ready to control 50% of the market for this product in Poland, hence it is considering boosting its production capacity. "The final decision has not been made yet. We take into account different options concerning the level of production to fit the existing production base," said Krzysztof Zyndul, Polmos Wroclaw CEO. (Puls Biznesu, pp. 1, 7)