By May 15, 2024, Grupa Azoty Polyolefins produced a total of 100,000 tons of polypropylene. This production milestone was reached during the startup and testing of guaranteed parameters at the PDH (propane dehydrogenation) and PP (polypropylene) installations, as well as at the AUX (auxiliary installations) and HST (maritime gas terminal).
On May 14, 2024, Grupa Azoty S.A. dismissed Mr. Zbigniew Sokal from the Supervisory Board of Grupa Azoty Polyolefins S.A.
On May 10, 2024, the Supervisory Board of Grupa Azoty Polyolefins S.A. dismissed Paweł Bakun from his position as Vice President of the Management Board.
Following discussions and agreements with banks, on April 26, Grupa Azoty Polyolefins signed an Amendment to the Stabilization Agreement dated December 15, 2023, regarding the financing of the Polimery Police project. The parties agreed on the conditions under which the Financial Institutions will provide financing for the Project in the next period of the Stabilization Agreement, until May 29, 2024. The Amendment was signed with 15 financing institutions.
On April 17, Grupa Azoty S.A. adopted a resolution to appoint Mr. Krzysztof Kołodziejczyk as a Member of the Supervisory Board of Grupa Azoty Polyolefins S.A., entrusting him with the role of Chairman of the Supervisory Board.
Following discussions and agreements with banks, Grupa Azoty Polyolefins signed an Amendment to the Stabilization Agreement dated December 15, 2023, regarding the financing of the Polimery Police project on March 28, 2024. The parties have agreed on the conditions under which the Financial Institutions will provide financing for the project in the next period of the Stabilization Agreement, i.e., until April 26, 2024. The amendment was signed with 15 financial institutions.