Installation of Police polymery is one of the flagship investment projects from the PiS government costs over PLN 7 billion. Orlen's entrance is to save the project and the Azoty Group having financial problems.
The document will become effective from July 31, 2025. As emphasized in the Azoty Group, Memorandum is an important step aimed at improving the financial condition of the Grupa Azoty Polyolefins and optimization of the assets structure of the entire capital group.
As a result of the concluded agreement A transparent sales process of selected assets as part of the Police Police project has been announced. According to the assumptions of the Memorandum, Orlen will be one of the potential buyers, which opens the possibilities of further cooperation between both entities.
On July 31, 2025, the current agreement concluded on December 19, 2024 and a subsequent agreement of January 16, 2025. These documents regulated the principles of cooperation between Grupa Azoty and Orlen in the context of the potential sales of the GA Polyolefins shares or other form of capital involvement in the Police Police project.
– The conclusion of the Memorandum is another important stage in the process of searching for solutions aimed at stabilizing the financial situation of the Grupa Azoty Polyolefins group and optimization of the capital group's assets structure. We have precisely defined the framework of cooperation and the sales process – says the president of Grupa Azoty, Andrzej Skolmowski, quoted in the press release.
The memorandum, in addition to setting up the directions of cooperation on time until the end of 2025, does not impose on the parties the obligation to carry out transactions or submitting binding offers. The announcement emphasized that All activities require the consents of the funds financing GA Polyolefins, administrative bodiesexemption of assets and corporate consents.
Grupa Azoty, as the second largest producer of nitrogen and multi -component fertilizers in the European Union, has a wide portfolio of products such as caprolactam, polyamide or titanium white, which are used in many industrial industries. In 2024, her consolidated revenues reached PLN 13.04 billion.
In turn, Orlen, leader of the petrochemical sector in the region, manages refineries in Poland, the Czech Republic and Lithuania, and conducts mining and distribution activities in many countries of the world. The company is actively developing in the RES field, and its revenues in 2024 amounted to PLN 296.95 billion. Orlen is also a key player on the Warsaw Stock Exchange, ranging in the WIG20 index since 1999. Cooperation with the Azoty Group gives you a chance to strengthen the position of the concern on the chemical market and further merge of activities under the multienergetic strategy.
