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Hip-Petrohemija to set up new petrochemical capacities
26
Sep '08
HIP-Petrohemija, is a Serbian petrochemical complex covering an area of 328 hectares in total, in the industrial zones of Pancevo, Elemir near Zrenjanin, and Crepaja near Pancevo, which produces approximately eight hundred thousand tons of petrochemicals per year.

With almost three decades of experience in conquering new technologies, products, and markets, we are the biggest producer of petrochemicals in the Republic of Serbia.

Our expert teams permanently work on expanding the applicability of our products, as well as on the production process and product quality research and improvement.

Due to our high product quality we export most of our products, maintaining at the same time maintaining a leading position in the domestic market.

Our basic product plants provide raw materials for our own polymer plants, as well as for various industries (ethylene, propylene, C4-fraction, pyrolytic oil, pyrolytic gasoline, methyl-tertiary-butyl-ether and 1,3 butadiene ).

Our polymers - high density polyethylene HIPLEX and low density polyethylene HIPTEN, as well as styren butadien rubber HIPREN, are ingredients of numerous products that are parts of our everyday life and for making it better and more comfortable.

Efficiency, responsibility, permanent quality improvement, devotion to our buyers, and environmental protection are the standing goals of our business and a backbone for HIP-Petrohemija's future.

The strategic plans for development of HIP-Petrohemija, Serbia's largest exporter, in the period 2008-2012 comprise HDPE and LDPE capacities expansion, new polypropylene plant erection, and the existing capacities modernization. The required investments for these projects realization in the next four years amount to EUR 140 million.

Main goals of these investments are primarily full engagement of the operating and productional capacities, operating efficiency improvement, product assortment expansion, and domination of higher phase processing products.

The financial effects would be reflected through operating income increase with an annual growth rate of 12%, as well as through export value with an annual growth rate of 18%, what would provide profitable business, and increase of net sufficit in foreign currency streams.

The negotiations on taking over of HIP-Petrohemija by a Russian company Sibur and Gazprom Neft is awaiting approval from the Serbian parliament.

Meanwhile HIP-Petrohemija prepared a Strategic Operating and Investment Plan for the Period 2008-2012 and which will be a basic document for negotiations with the Russians.

HIP-Petrohemija's Plants:
• ETHYLENE Plant
• HDPE - High Density Polyethylene Plant
• LDPE - Low Density Polyethylene Plant
• FSK - Synthetic Rubber Plant
• PANONIJAPLAST - Compound Production Plant
• PETROPLAST - PE Pipes & Fittings Production Plant
• ELECTROLYSIS - Chlor-Alkali Electrolysis Plant
• FOV - Waste Water Treatment Plant
• UTILITY PLANT - Energy Fluids Production and Distribution

Hip Petrohemija

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