Zachem is going to receive approximately PLN 28 million worth subsidy from the European Union. Thus, Bydgoszcz-based company of Ciech Chemical Group will cover one half of eligible costs of the project called “Construction of installations and implementation of an innovative technology of production of epichlorohydrin from glycerine”.
The company is to sign a contract with the Polish Agency for Enterprise Development, which distributes the EU funds, within the coming six weeks. The investment will enable the company to implement an innovative production technology of epichlorohydrin, which is used, among others, to produce epoxy resins. The pioneer technology based on glycerine is used by less than 5 percent of companies of the industry in the world. – The undertaking to a great extent uses results of works of the research and development department of Zachem and will stimulate further development thereof – said the President of Ciech, Ryszard Kunicki.
In addition to the business value, also the positive environmental impact of the project is very significant. Pollution emissions will be reduced and waste generated in the process of production of fuels from renewable sources, i.e. waste glycerine, will be managed.
In the recent months, Ciech Group has already concluded several contracts for undertakings subsidized with the EU aid funds. – Our projects are characterized by very innovative solutions and will positively influence the company’s financial results – said Ryszard Kunicki, the President.
Soda Polska Ciech implements the following projects: “Extension of CKTI boilers at Janikowo heat and power plant in order to adjust them to environmental requirements – CKTI 2 boiler” and “Construction of installation for desulphurization of flue gases at Janikowo heat and power plant”. Furthermore, using the EU funds Kujawy-based Ciech company in cooperation with Lafarge will build an installation used to channel gaseous ashes and separate them.
In addition to the project of installation construction and implementation of the innovative production technology of epichlorohydrin at Zachem, in the nearest future the company will also finalize the following contracts: “Construction of an innovative MCPA and MCPP-P substance production installation” at Organika-Sarzyna and “Mentoring academy at Ciech” – a number of trainings for employees of Ciech Group.
Currently, the EU funds obtained for activities implemented by Ciech Group exceed PLN 111 million. More than PLN 43 million are consequence of the already signed contracts and PLN 68 million are funds accepted as subsidies.
|
press release download:  Ciech Group to receive EU funds again |
|
Ciech Chemical Group is the largest chemical concern in Poland and one of the leaders in the Central European market. It includes more than 30 companies, it is among one hundred largest economic organizations in Poland. The main Group’s products include soda Ash (second place in Europe), salt, phosphorus and multi-component fertilizers, epoxy resins and other organic chemical products used in the glassmaking industry, furniture industry, building industry and agriculture. With annual revenues of approximately PLN 3.8 billion, the Ciech Chemical Group is among one hundred largest Polish enterprises (49th position on “Lista 500” prepared by Polityka weekly magazine and 59th position on “Lista 500” prepared by Rzeczpospolita daily in 2007). As from February 2005, Ciech SA has been listed at the Warsaw Stock Exchange. The greatest shareholders of the company include the State Treasury (36.68 percent of shares and votes at the General Meeting of Shareholders), Pioneer Pekao Investment Management SA (18.77 percent) PZU "Złota Jesień" Open Pension Fund (6.12 percent). You can find more information at www.ciech.com
Media contact:
Krzysztof Grad, Spokesman of Ciech Chemical Group, Director of Communication Office of Ciech SA,
tel.: (+48 22) 639 13 18, mob.: 0 669 600 011, e-mail: krzysztof.grad@ciech.com |