09 January 2013 17:07 [Source: ICIS news]
LONDON (ICIS)--Poland’s Zaklady Azotowe Pulawy (ZAP) achieved its highest ever annual urea output in 2012, reaching 1.22m tonnes and positioning it as Europe's second-largest producer of the material, the company said on Wednesday.
The record, outstripping 2011's 940,000 tonnes, was achieved thanks to a 270,000 tonne/year urea expansion and the commissioning of a new oxygen-ammonia-urea line, it added.
Modernisation of production was also a factor in ramping up output, according to ZAP CEO Pawel Jarczewski.
“We modernise our systems, increasing their effectiveness, and [you can see that in the fact that] our gas use for the production of a tonne of ammonia is just 845 cubic metres, about 30% less than the global average,” he said.
In July last year, as vice-president of the Fertilizers Europe trade association, Jarczewski said supply-to-demand forecasts showed stable European urea producers have good prospects for the next five years even though approximately 60 new urea plants are scheduled for construction during the period, with one-third of those located in China.
A share swap currently under way, and scheduled to end tomorrow (Thursday January 10), is set to see ZAP become part of the new Grupa Azoty group, which will be Europe's second largest fertilizer producer behind Norway-based Yara International.
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