HIP-Petrohemija
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Native name | ХИП-Петрохемија |
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Joint-stock company | |
Founded |
8 July 1975 First founded 1968 |
Headquarters | Pančevo, Serbia |
Key people | Velimir Unković (General director) |
Products | Petrochemicals |
Revenue |
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Total assets |
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Total equity |
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Owner |
Srbijagas (32.18%) Government of Serbia (30.00%) NIS (20.86%) EPS Distribucija (4.90%) Others |
Number of employees | 1,441 (2017)[1] |
Website |
www |
HIP–Petrohemija (Serbian: ХИП-Петрохемија) is a Serbian petrochemical company, with the headquarters in Pančevo, Serbia.[2]
The company owns petrochemical complexes located in Pančevo, Elemir and Crepaja.[3] It specializes in producing HDPE, LDPE and other petrochemical products with an annual production capacity of 700,000 tonnes.[4]
Activity
HIP Petrohemija owns large petrochemical complexes located in Pančevo, Elemir and Crepaja. These complexes include a number of nine producing plants.[5]
The ethylene plant is located in Pančevo and was established in 1979 and built by United States based company Stone & Webster and French company French Institute of Petroleum.[6] It produces ethylene, propylene, synthetic rubber, latex, carbon black and gasoline and has an annual production capacity of around 500,000 tonnes.[6] The high-density polyethylene (HDPE) plant is located in Pančevo and was established in 1975 under licence from the former United States based Phillips Petroleum Company.[7] The plant has two production lines and produces high-density polyethylene or HDPE having an annual capacity of 76,000 tonnes.[7] The low-density polyethylene (HDPE) plant is located in Pančevo and was established in 1979 under licence from the former United States based National Distillers.[8] The plant has one production line and produces low-density polyethylene or LDPE having an annual capacity of 57,000 tonnes.[8]
The synthetic rubber plant is located in Elemir and was established in 1983 under licence from the former Germany based Buna-Werke Hulls.[9] The plant has three production units and produces synthetic rubber having an annual capacity of 40,000 tonnes, 1,3-Butadiene under licence from Japanese company Nippon Zeon having an annual production capacity of 45,000 tonnes and methyl tert-butyl ether or MTBE under licence from Italian company Snamprogetti having an annual production capacity of 35,000 tonnes.[9] Other production plants include the PVC production plant in Crepaja with an annual capacity of 16,000 tonnes,[10] the polyethylene pipes and fittings plant in Pančevo with an annual capacity of 11,000 tonnes,[11] the chlorine-alkali electrolysis plant in Pančevo built under the licence of the Olin Corporation with an annual capacity of 200,000 tonnes,[12] a water treatment plant in Pančevo and a utility plant that produces energy fluids.
Market and financial data
In 2017, after years of insolvency, HIP-Petrohemija made record 341.48 million euros of net profit.[13][1] This tremendous trend turnover was achieved through debt write off and debt-to-shares conversion by the Government of Serbia.[13]
References
- 1 2 3 4 5 6 "СТО НАЈ... ПРИВРЕДНИХ ДРУШТАВА У РЕПУБЛИЦИ СРБИЈИ У 2017. ГОДИНИ" (PDF). apr.gov.rs (in Serbian). Belgrade. 12 September 2018. pp. 14, 15. Retrieved 24 September 2018.
- ↑ "Getting the deal done, Introduction: Serbia's beleagured pethem player is in dire need of investment and a secure future. With Gazprom securing NIS, another purchase seems logical". Allbusiness. 2009. Retrieved 2010-09-22.
- ↑ "Who We Are". HIP Petrohemija. 2010. Retrieved 2010-09-22.
- ↑ "Petrohemija profile". HIP Petrohemija. 2010. Retrieved 2010-09-22.
- ↑ "Plants". HIP Petrohemija. 2010. Retrieved 2010-09-22.
- 1 2 "Ethylene Plant". HIP Petrohemija. 2010. Retrieved 2010-09-22.
- 1 2 "High Density Polyethylene (HDPE) Plant". HIP Petrohemija. 2010. Retrieved 2010-09-22.
- 1 2 "Low Density Polyethylene (LDPE) Plant". HIP Petrohemija. 2010. Retrieved 2010-09-22.
- 1 2 "FSK - Synthetic Rubber Plant". HIP Petrohemija. 2010. Retrieved 2010-09-22.
- ↑ "PANONIJAPLAST - Compound Production Plant". HIP Petrohemija. 2010. Retrieved 2010-09-22.
- ↑ "PETROPLAST - PE Pipes and Fittings Plant". HIP Petrohemija. 2010. Retrieved 2010-09-22.
- ↑ "ELECTROLYSIS - Chlor-Alkali Electrolysis Plant". HIP Petrohemija. 2010. Retrieved 2010-09-22.
- 1 2 Bulatović, S. (12 September 2018). "LISTA "STO NAJ": "Petrohemija" dobitnik posle otpisa duga". novosti.rs (in Serbian). Retrieved 24 September 2018.