Soda Polska Ciech will be able to finance from EU funds 30% of the installation of desulphurization of combustion gases in Elektrociepłownia Janikowo. The cost of installation amounts to almost PLN 60 million. Construction of the innovative installation for the production of pesticides in Organika-Sarzyna will be probably additionally financed from UE funds as well.
Soda Polska Ciech company, subsidiary of the Ciech Chemical Group, signed up on 30 July 2009 an agreement with Narodowy Fundusz Ochrony Środowiska i Gospodarki Wodnej (NFOŚiGW) (the National Fund for Environmental Protection and Water Management) concerning additional financing of the project “Construction of the installation of desulphurization of combustion gases in Elektrociepłownia Janikowo”. The amount of additional financing constitutes about 30% of eligible costs of the project and amounts to PLN 17,8 million. The total value of the project amounts to PLN 59,4 million. The project is to be performed between 2008 and 2011. This is the third investment of Soda Polska Ciech that is additionally financed from EU funds. - Additional financing of our projects from the European Union funds for Ciech is perceived not only as a help in financing of investments, but also recognition for ambitious proecologic projects – says Ryszard Kunicki, chairman of the Ciech Chemical Group.
Three proecologic projects of Soda Polska Ciech obtain additional financing
Soda Polska Ciech applied for additional financing of the project in September 2008. The project called “Construction of the installation of desulphurization of combustion gases in Elektrociepłownia Janikowo ” concerns separation of sulfuric compounds from gases using the method of modern technology, that is half-dry desulphurization of combustion gases. Together with other projects aiming at the modernization of Elektrociepłownia Janikowo, this investment will restrict emission of dust pollution and gas pollution associated with SO₂. The product achieved in the installation of desulphurization of combustion gases will be used in the production of building materials. The project of Soda Polska Ciech for additional financing approved by NFOŚiGW confirms that its implementation will result in significant ecological effect making the quality of air better.
Some time ago Soda Polska Ciech obtained additional financing for two other proecologic investments in Elektrociepłownia Janikowo. By the end of June 2009 the company signed up with NFOŚiGW the agreement on financial support of additional number of boilers in Elektrociepłownia Janików. The amount of additional financing of this project amounts to about PLN 13,4 million, which constitutes 30% of eligible costs of this project. Additional amount of PLN 12,3 million will be used for the common proecologic investment of Soda Polska Ciech and Lafarge company - construction of the installation for separation of fly-ash from the heat and power generating plant of its two soda companies. This project is directed by Hatra Cement and Beton company, subsidiary of Lafarge (71% of shares) and Soda Polska Ciech (29% of shares).
Polska Agencja Rozwoju Przedsiębiorczości (PARP) (Polish Agency for Enterprise Development) approved the project of Organika-Sarzyna
On 29 July 2009, PARP approved a group of projects to be financed as part of Action 4.4 “New investments of high innovative potential” of the Operational Programme of Innovative Economy. One of projects that was approved by PARP was “Construction of the innovative productive installation of pesticides”. It was put forward by “Organika-Sarzyna” Chemical Companies, subsidiary of the Ciech Chemical Group.
The aim of this investment is to construct a new innovative processing line used for the production of substance that will be the basic raw material for the production of pesticides. As a result of the project, new solutions will be implemented. They will improve economics of the production process and significantly restrict its influence on the natural environment. The performance of the project will result in new vacancies as well.
The total value of this investment amounts to PLN 123 million, whereas the value of additional financing amounts to over PLN 39,9 million, which constitutes 47,22% of the value of eligible costs. This project, thanks to financial support from EU funds, will be performed in a larger extent and within a shorter period of time. According to the works programme enclosed to the application, the planned time for project completion is from 1 March 2010 to 31 December 2011. The execution of such a large investment will be faster due to obtaining additional financing in a form of advance payments.
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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 |