HIP-Petrohemija
 | |
Native name | ХИП-Петрохемија |
|---|---|
| Company type | d.o.o. |
| Founded | 8 July 1975 First founded 1968 |
| Headquarters | Spoljnostarčevačka 82, Pančevo , Serbia |
Key people | Velimir Unković (General director) |
| Products | Petrochemicals |
| Revenue |  €248.16 million (2019)[1] |
| (€19.05 million) (2019)[1] | |
| Total assets | €223.47 million (2019)[2] |
| Total equity | €192.21 million (2019)[2] |
| Owner | Government of Serbia (10.00%) NIS (90.00%) |
Number of employees | 1,112 (June 30, 2023) |
| Website | www |
HIP–Petrohemija (Serbian: ХИП-Петрохемија) is a Serbian petrochemical company, with the headquarters in Pančevo, Serbia.[3]
The company owns petrochemical complexes located in Pančevo, Elemir and Crepaja.[4] It specializes in producing HDPE, LDPE and other petrochemical products with an annual production capacity of 700,000 tonnes.[5]
History
Petrohemija was founded in 1968 by the Government of SFR Yugoslavia. On 24 December 2021, Naftna Industrija Srbije increased its stake in HIP-Petrohemija to 90% of shares, after purchasing the majority of stakes from the Government of Serbia for 150 million euros.[6]
Activity
HIP Petrohemija owns large petrochemical complexes located in Pančevo, Elemir and Crepaja. These complexes include a number of nine producing plants.[7]
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.[8] It produces ethylene, propylene, synthetic rubber, latex, carbon black and gasoline and has an annual production capacity of around 500,000 tonnes.[8] 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.[9] The plant has two production lines and produces high-density polyethylene or HDPE having an annual capacity of 76,000 tonnes.[9] 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.[10] The plant has one production line and produces low-density polyethylene or LDPE having an annual capacity of 57,000 tonnes.[10]
The synthetic rubber plant is located in Elemir and was established in 1983 under licence from the former Germany based Buna-Werke Hulls.[11] 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.[11] Other production plants include the PVC production plant in Crepaja with an annual capacity of 16,000 tonnes,[12] the polyethylene pipes and fittings plant in Pančevo with an annual capacity of 11,000 tonnes,[13] the chlorine-alkali electrolysis plant in Pančevo built under the licence of the Olin Corporation with an annual capacity of 200,000 tonnes,[14] 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.[15][16] This tremendous trend turnover was achieved through debt write off and debt-to-shares conversion by the Government of Serbia.[15]
References
- ^ a b "Bilans uspeha (2019) - HIP-Petrohemija". apr.gov.rs (in Serbian). Retrieved 26 December 2020.
- ^ a b "Bilans stanja (2019) - HIP-Petrohemija". apr.gov.rs (in Serbian). Retrieved 26 December 2020.
- ^ "Getting the deal done, Introduction: Serbia's beleaguered 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.[dead link]
- ^ "Who We Are". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "Petrohemija profile". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "Preuzeta Petrohemija". b92.net (in Serbian). Tanjug. 24 December 2021. Retrieved 24 December 2021.
- ^ "Plants". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ a b "Ethylene Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ a b "High Density Polyethylene (HDPE) Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ a b "Low Density Polyethylene (LDPE) Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ a b "FSK - Synthetic Rubber Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "PANONIJAPLAST - Compound Production Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "PETROPLAST - PE Pipes and Fittings Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "ELECTROLYSIS - Chlor-Alkali Electrolysis Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ a b Bulatović, S. (12 September 2018). "LISTA "STO NAJ": "Petrohemija" dobitnik posle otpisa duga". novosti.rs (in Serbian). Retrieved 24 September 2018.
- ^ "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.