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HIP-Petrohemija

April 13, 2024

HIP–Petrohemija (Serbian: ХИП-Петрохемија) is a Serbian petrochemical company, with the headquarters in Pančevo, Serbia.[3]

HIP-Petrohemija
Native name
ХИП-Петрохемија
Company typed.o.o.
Founded8 July 1975; 48 years ago (1975-07-08)
First founded 1968
Headquarters
Spoljnostarčevačka 82, Pančevo
,
Serbia
Key people
Velimir Unković (General director)
ProductsPetrochemicals
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]
OwnerGovernment of Serbia (10.00%)
NIS (90.00%)
Number of employees
1,112 (June 30, 2023)
Websitewww.hip-petrohemija.com

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 edit

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 edit

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 edit

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 edit

  1. ^ a b "Bilans uspeha (2019) - HIP-Petrohemija". apr.gov.rs (in Serbian). Retrieved 26 December 2020.
  2. ^ a b "Bilans stanja (2019) - HIP-Petrohemija". apr.gov.rs (in Serbian). Retrieved 26 December 2020.
  3. ^ "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]
  4. ^ . HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
  5. ^ . HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
  6. ^ "Preuzeta Petrohemija". b92.net (in Serbian). Tanjug. 24 December 2021. Retrieved 24 December 2021.
  7. ^ . HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
  8. ^ a b . HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
  9. ^ a b . HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
  10. ^ a b . HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
  11. ^ a b . HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
  12. ^ . HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
  13. ^ . HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
  14. ^ . HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
  15. ^ a b Bulatović, S. (12 September 2018). "LISTA "STO NAJ": "Petrohemija" dobitnik posle otpisa duga". novosti.rs (in Serbian). Retrieved 24 September 2018.
  16. ^ "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.

External links edit

  • Official website

April 13, 2024
petrohemija, petrohemija, serbian, ХИП, Петрохемија, serbian, petrochemical, company, with, headquarters, pančevo, serbia, native, nameХИП, Петрохемијаcompany, typed, founded8, july, 1975, years, 1975, first, founded, 1968headquartersspoljnostarčevačka, pančev. HIP Petrohemija Serbian HIP Petrohemiјa is a Serbian petrochemical company with the headquarters in Pancevo Serbia 3 HIP PetrohemijaNative nameHIP PetrohemiјaCompany typed o o Founded8 July 1975 48 years ago 1975 07 08 First founded 1968HeadquartersSpoljnostarcevacka 82 Pancevo SerbiaKey peopleVelimir Unkovic General director ProductsPetrochemicalsRevenue 248 16 million 2019 1 Net income 19 05 million 2019 1 Total assets 223 47 million 2019 2 Total equity 192 21 million 2019 2 OwnerGovernment of Serbia 10 00 NIS 90 00 Number of employees1 112 June 30 2023 Websitewww wbr hip petrohemija wbr comThe company owns petrochemical complexes located in Pancevo Elemir and Crepaja 4 It specializes in producing HDPE LDPE and other petrochemical products with an annual production capacity of 700 000 tonnes 5 Contents 1 History 2 Activity 3 Market and financial data 4 References 5 External linksHistory editPetrohemija 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 editHIP Petrohemija owns large petrochemical complexes located in Pancevo Elemir and Crepaja These complexes include a number of nine producing plants 7 The ethylene plant is located in Pancevo and was established in 1979 and built by United States based company Stone amp 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 Pancevo 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 Pancevo 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 Pancevo with an annual capacity of 11 000 tonnes 13 the chlorine alkali electrolysis plant in Pancevo built under the licence of the Olin Corporation with an annual capacity of 200 000 tonnes 14 a water treatment plant in Pancevo and a utility plant that produces energy fluids Market and financial data editIn 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 edit 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 Bulatovic S 12 September 2018 LISTA STO NAJ Petrohemija dobitnik posle otpisa duga novosti rs in Serbian Retrieved 24 September 2018 STO NAЈ PRIVREDNIH DRUShTAVA U REPUBLICI SRBIЈI U 2017 GODINI PDF apr gov rs in Serbian Belgrade 12 September 2018 pp 14 15 Retrieved 24 September 2018 External links editOfficial website Retrieved from https en wikipedia org w index php title HIP Petrohemija amp oldid 1173795683, wikipedia, wiki, book, books, library,

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