Tag Archives | poland

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EU hesitates over shale gas exploration

By Jade Tinslay  As Poland prepares to fully exploit its shale gas reserves, the rest of the EU watches with interest following a spate of controversy in which campaigners across Europe called for a moratorium. The resolute message was that, until further research into the environmental and economic impacts of the technology had been conducted, […]

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Poland calls on US expertise for shale gas

Imagine how Central and Eastern Europe’s chemical industry could be transformed if Poland managed to access the massive shale gas reserves which have been discovered in the country.  The region’s chemical sector currently relies for feedstocks mainly on expensive, imported oil and Russian natural gas. Shale gas could give CEE the same, structural advantage currently […]

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Poland chemicals privatization to restart in September

The privatization of Poland’s chemical industry may lurch into action again later this year, according to the country’s treasury ministry which gives September for the kick-off.   Since 2007, Poland has twice abandoned efforts at completing the sell-off of substantial state-held assets in its chemical industry, citing unsatisfactory bids. According to ICIS news, efforts at […]

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Privatization of Ciech to restart – third time lucky

Observers of the Polish government’s efforts to sell off parts of its chemical sector may raise their eyebrows at the news of its relaunch of the privatisations of Ciech, the country’s largest chemical group, and fertilizer producer Zaklady Azotowe Pulawy (ZAP) in the second half of this year. Previous attempts have failed twice thanks to […]

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Poland prime minister sees bright future in shale gas

Imagine if central and eastern Europe had ample supplies of cheap natural gas, gushing from the ground, and lowering ethane feedstock prices across the chemical sector in the region. Such a pipe dream would surely transform the fortunes of the chemical sector in CEE and further afield, in the same way North America is enjoying […]

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Poland’s ZAT to spend $106m on petchem investments

It’s refreshing to see that money is being invested in updating and expanding chemicals in Poland. So much news coming out of this country concerns the failed privatization process. ICIS news reports that Poland’s Zaklady Azoty Tarnow (ZAT) group will spend up to Zl 300m ($106m, €74.4m) on investments in 2011 with a possible expansion […]

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Stock market float planned for Poland chemical groups

The sorry tale of failed privatizations in Poland’s chemical industry is a familiar one to anyone with an interest in that region. After the collapse of the tender process for top fertiliser and melamine producers Zaklady Azotowe Pulawy (ZAP) and Zaklady Chemiczne Police (ZChP) we now learn that the government is considering another attempt, but on […]

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BASF boosts presence in Poland

With notable exceptions such as Basell and Lanxess, few global chemical companies have taken the bold step of investing in production facilities in CEE or Russia. So the news that BASF has opened a new Polyurethane System House in Poland (at Srem near Poznan) is encouraging for the region.  This is a relatively small investment, reported to […]

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Ciech seeks bail out from EBRD

The European Bank for Reconstruction and Development (EBRD) is becoming a friend of the chemicals industry in CEE and Russia. It recently agreed to bail out RusVinyl, the 330,000 tonnes/year PVC project, part owned by BASF, Sibur and Solvay.  Now Poland’s largest chemical group, Ciech, has applied for long-term financing from the EBRD to help […]

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Poland sticks to chemical privatization plan

The botched privatization of parts of Poland’s chemical industry has been well documented by this blog. As a general pattern, the assets are touted for sale and attract little interest and low offers from domestic and international players and investors. Next, the government rejects the offer, and the process grinds to a halt. Now the […]

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