Synthos (delisted) -> Ciech, PLDWORY00019

Ciech stock faces 2 billion PLN decarbonization investment

Published on 09/30/2026 at 14:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ciech stock now represents Qemetica, which plans more than PLN 2.0 billion for decarbonization. A PLN 300.0 million biomass project is due in 2028.

Synthos (delisted) -> Ciech, PLDWORY00019, Illustration mit AI erstellt.

Ciech stock now refers to Qemetica, the successor name of the former Ciech business identified by ISIN PLDWORY00019. The chemical group is planning more than PLN 2.0 billion in decarbonization spending over the next four years, making energy transformation the central corporate issue on September 30, 2026.

Qemetica targets energy costs

According to XYZ on September 17, 2026, Qemetica expects to spend more than PLN 2.0 billion on decarbonization during the next four years. The company says its soda operations require large volumes of process steam, limiting direct electrification as the main solution.

The first major project carries a PLN 300.0 million value. A contract signed in August 2026 with Mostostal Zabrze and Sumitomo SHI FW covers the conversion of a coal boiler to biomass, with commissioning planned for the second half of 2028, according to XYZ.

Former Ciech changes its portfolio

XYZ reports that Qemetica remains Poland's only producer of soda ash and ranks second in the European Union. Its portfolio also includes salt, crop protection products, polyurethane foams, silicates and glass packaging. The company operated under the Ciech name until 2024 and was listed on the Warsaw Stock Exchange from 2005 to 2024.

The portfolio is also shrinking in one important area. According to Fundacja Twoje VETO on September 28, 2026, Qemetica ended soda production in Janikowo in 2025 and retained salt operations there. In June 2026, the company announced an agreement to sell its salt business to K+S, including the Janikowo facility.

Stock identity after delisting

The combination of a delisted security and a renamed operating group changes how investors interpret the old Ciech listing. The most measurable current signal is strategic rather than a quoted share price: Qemetica is committing PLN 2.0 billion plus to decarbonization while moving part of its salt portfolio to K+S. That creates a clear comparison between expansion spending in energy infrastructure and the disposal of a legacy operating asset.