31 August 2011 15:53 [Source: ICIS news]
LONDON (ICIS)--Poland's Zaklady Azoty Tarnow (ZAT) group has prioritised restarting a 250,000 tonne/year ammonia installation at its newly-acquired subsidiary Zaklady Chemiczne Police (ZChP), it said on Tuesday.
Fertilizer producer ZAT said it intended to use the resultant ammonia output as feedstock for its own production lines, replacing supplies from Polish, Ukrainian and Russian sellers, it added.
The ammonia installation, one of two with a 250,000 tonne/year capacity at ZChP, based in Police, northwest Poland, was mothballed two years ago during the onset of the economic downturn, ZAT said.
Given subsequent market improvements, ZChP at the beginning of this year took a decision to restart the facility in line with a revamp of all its ammonia production facilities but the initiative was hit by delays, ZAT added.
ZAT, based in southeastern Poland, is also planning a restructuring of ZChP's titanium dioxide (TiO2) unit, but this would not be undertaken for at least 12-18 months, the company added.
The Polish treasury ministry is planning to sell a controlling stake in the newly-consolidated ZAT group - now Poland's largest chemical group by revenue - as part of a relaunch of the abandoned privatisation of major Polish state-owned chemical assets.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections