Polish Lotos To Switch Small Refinery To Biofuel
Date: 05-Sep-05
Country: Poland
This year Czechowice is expected to refine about 500,000 tonnes of crude oil, while its main refinery in the Baltic port of Gdansk has capacity of 6 million tonnes.
"It's too early to talk about the scale of investments or the potential capacity of the facility -- we will make decisions on the preparations for bio-fuel production at some point in the third quarter," Pawel Olechnowicz told journalists.
He added that the company will likely adjust its financial forecasts in November. The company officially expects to earn net profit of 404 million zlotys ($127.6 million), after booking 141 million zlotys in the first half.
(US$1=3.167 Zloty)
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Symbols: pl;LTS
Source RTRS Reuters News
