Management Board and Supervisory Board of Grupa Azoty Polyolefins S.A. passed resolutions on the conditional conclusion of an annex to the contract with Hyundai Engineering, the General Contractor of the Polimery Police project.

In 2021, we achieved 83.23% material progress in the project. The majority of devices and apparatuses are already on the construction site. Thus, we are almost approaching the end of the supply phase.

On October 29th, Grupa Azoty Polyolefins S.A. concluded an agreement regarding cooperation in the field of education with the Poviat Starosty in Police.

Consolidated revenue for the third quarter of 2021 was PLN 3,882m, up PLN 1,466m year on year. EBITDA came in at PLN 300m (up PLN 50m year on year). However, comparable EBITDA adjusted for one-off items comprising sectoral compensation payments and the government anti-crisis shield scheme was PLN 130m higher year on year in the third quarter of 2021. EBITDA margin was 7.7%.

The Grupa Azoty 2021–2030 Strategy is a response to challenges posed by the contemporary world, covering environment, society and its safety. The document envisages a number of specific measures driven by the Group’s climate and energy transition policy. The new strategy provides for the launch of the ‘Green Azoty’ project, intended mainly to decarbonise and reduce emissions from the Group’s production units, implement R&D projects that are consistent with the European Green Deal and deploy new solutions in the area of environmentally friendly, zero carbon renewable energy sources, including solar photovoltaics and wind power. In line with the adopted objectives, the total capacity of new renewable energy sources will reach ~300 MW in 2030. The entry into the wind power and SMR segments contemplated by the Group may deliver additional several hundred MW from zero-carbon energy sources.

76% of material progress was achieved by the “Polimery Police” project. Works on all sub-projects are underway.