Poland’s ZAP wins approval for new urea unit

30 July 2008 15:51  [Source: ICIS news]

PRAGUE (ICIS news)--Poland’s Zaklady Azotowe Pulawy (ZAP) said on Wednesday it had won approval to build a 270,000 tonne/year urea installation in the country’s Starachowice special economic zone.

 

The unit would take ZAP’s overall urea capacity to 1.2m tonnes/year, it added.

 

No financial details were disclosed.

 

ZAP, also a producer of nitrogren fertilizers, melamine and caprolactam, said the expansion had been made partly possible by its recent signing of a 15-year hydrogen and nitrogen supply contract from Air Liquide Polska valued at zlotys (Zl) 680m (€210.9m/$331.9m).

  

The contract was drawn up as part of ZAP’s commitment to build up its oxygen-ammonia-urea production line.

 

Wood & Company investment bank recently hailed ZAP as Poland's largest chemical production firm by market capitalisation.

 

($1 = €0.64/$1 = Zl2.05)

 

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By: Will Conroy
+44 20 8652 3214

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