Grupa Azoty Zakłady Chemiczne Police S.A., Ultra Safe Nuclear Corporation (USNC) of the US and South Korea’s Hyundai Engineering Co. Ltd (HEC) today signed a Preliminary Agreement on cooperation in the development of nuclear power in Poland, including Micro-Modular Reactor (MMR) technology.

Ter Hell Plastic GmbH will be the distributor of Grupa Azoty Polyolefins’s polypropylene product, Gryfilen^® across the DACH (Germany, Austria, Switzerland), Benelux (Belgium, Netherlands, Luxembourg), and Central and Eastern European markets (Hungary, Slovakia, Czech Republic, Romania, Slovenia, Bulgaria). In March 2023, Ter Hell Plastic GmbH was also named as the distributor for Gryfilen^® in Denmark, Sweden, Norway, and Finland.

Polymery Police, one of the largest projects in the European chemical industry, begins to manufacture polypropylene under the Gryfilen^® brand. The new plant of the Grupa Azoty Group will produce 437,000 tonnes of polypropylene and 429,000 tonnes of propylene annually. Sale of the Gryfilen^® polypropylene in the European market will start in August 2023. The Polimery Police project’s budget is over PLN 7.2 billion.

In the three months ended March 31st 2023, the Grupa Azoty Group generated consolidated revenue of PLN 3,895m, EBITDA of PLN -401m, and EBITDA margin of -10.3%. The financial results are in line with the estimates published by the Company on May 15th 2023.

Polskie Centrum Badań i Certyfikacji S.A. (PCBC) has completed a conformity assessment of the Grupa Azoty Group’s fertilizing products with the requirements set forth in Regulation (EU) 2019/1009 of the European Parliament and of the Council. Following the assessment, the Group was awarded certificates confirming that its fertilizing products meet the requirements effective in the European Union as of July 16th 2022. The certificates also confirm conformity of the Group’s manufacturing quality systems.

On May 13th 2023, twenty-seven scholarship recipients began classes at the Hydrogen Academy of Szczecin, established by Grupa Azoty Police and the West Pomeranian University of Technology in Szczecin as part of the West Pomeranian Hydrogen Valley. Between May and July, the participants of the Academy will take classes and carry out their own projects based on which candidates for internships, including at Grupa Azoty, one of the largest hydrogen producers in Poland, will be selected. Paid internships at the companies participating in the Hydrogen Academy are scheduled for August and September 2023.