21 November 2013 11:22 [Source: ICIS news]
LONDON (ICIS)--Zaklady Azotowe Pulawy (ZAP) is to invest zloty (Zl) 120m ($38, €29m) in constructing an ammonium thiosulphate plant on land owned by fellow Polish company, refiner Grupa Lotos, ZAP said on Thursday.
As well as the land in Gdansk, northern Poland, Grupa Lotos is to supply the utilities and the acidic gas feedstock for the installation which would primarily produce ammonium thiosulphate as an additive for the production of nitrogen fertilizers by ZAP and potentially other units of its parent group, Grupa Azoty, it added.
Construction of the plant, which would have an initial output capacity of around 20,000 tonnes/year, may be launched in 2014, with the first production to possibly start in 2016.
By 2017, the plant's capacity would be expanded to around 80,000 tonnes/year, ZAP said.
Grupa Azoty and Grupa Lotos – Poland's largest chemical producer and second-largest refiner, respectively – have already linked up to conduct a feasibility study for the construction of a multi-billion euro petrochemical complex in Gdansk.
A source at Grupa Azoty on Wednesday disclosed that the two companies have opted to explore centreing the complex Grupa Lotos and Azoty have opted to pursue a petrochemical complex centred on an ethylene cracker rather than an aromatics extraction plant.
($1 = €0.75, $1 = Zl 3.13, €1 = Zl 4.19)
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