The validity period of the Stabilization Agreement dated December 15, 2023 (as amended), between Grupa Azoty Polyolefins and the Financing Institutions concerning the financing of the Polimery Police project, has been extended from March 31, 2025, to April 22, 2025.

The deadline for the Agreement signed on January 16 this year between Orlen S.A. and Grupa Azoty S.A., Grupa Azoty Police S.A., and Grupa Azoty Polyolefins S.A. has been extended until May 12, 2025. This means Grupa Azoty and Orlen are continuing their cooperation to determine the terms and conditions for the potential transaction involving Orlen Group’s acquisition of all or part of Grupa Azoty Polyolefins shares held by Grupa Azoty, or exploring other forms of investment.

The new product, called Vitaplon 9-23-30, is a first universal fertilizer that is entering the market from Grupa Azoty’s Gdańsk-based company, Grupa Azoty Fosfory. Thanks to its properties, it is particularly recommended for the cultivation of both winter and spring cereals, winter rapeseed, corn, sugar beets, potatoes, as well as for green fodder.

The new product, named RSM BioShot, is a deep-placement nitrogen fertilizer from the group of nitrate-urea solutions (RSM). Its liquid form, containing 32% N and enriched with sucrose, has a biostimulatory effect that supports root development as well as overall plant growth and health. The fertilizer is produced by the Puławy-based company of Grupa Azoty, which for 30 years has been supplying Polish farmers with nitrate-urea solutions of various nitrogen concentrations and with different additives.

Grupa Azoty Polyolefins and Orlen have signed a working capital financing agreement for an amount not exceeding USD 28 million to finance the purchase of propane by Grupa Azoty Polyolefins. The agreement sets out the terms of this financing and the repayment conditions. Propane is used in the Polimery Police plant for the production of propylene.

For several weeks now, fertilizer prices have been on an upward trend in the main global markets. This is the result of several factors – demand, fertilizer availability, and supply logistics. Fertilizers are becoming moderately more expensive both in countries with low and stable production costs and in countries where costs are high and subject to rapid changes. In light of the trend observed over several quarters of postponing fertilizer purchases until just before the seasonal peak, Grupa Azoty consistently recommends spreading purchases over several batches to reduce the risk of buying products at high prices.