FIRST STEP MADE The Government of the Republic of Serbia on its session Thursday, December 15, 2011, adopted a Budget Act proposal for 2012. This proposal contains, among other issues, guarantee issuance by the Republic of Serbia in the favour of the business bank as a security for providing a loan for financing the first phase of the investments program in 2012, which includes capacity expansion of HIP Petrohemija’s polyethylene plants, the amount of investment being EUR 27,000,000. ...
On Wednesday, November 30th CIRIC AND KRAVCHENKO IN PETROHEMIJA Minister of Economy and Regional Development, Nebojsa Ciric, and NIS CEO, Kirill Kravchenko, with their close associates visited Petrohemija Wednesday, Nov. 30, in regard to recent Agreement on Strategic Cooperation signed between HIP-Petrohemija and NIS. First they joined an organized tour to the High Density Polyethylene Plant (HDPE), and then took part in a press conference where the Agreement was presented by Ciric, Kravchenko and Petrohemija’s CEO, Sasa Pavlov. They all expressed their beliefs that the signed Agreement on Strategic Cooperation makes a ground for Petrohemija profitable operations in future with no losses after 2014.
Low Density Polyethylene (LDPE) Plant was put into operation in
1979, in accordance with the license of National
Distillers Co (USA), and engineering of Foster
Wheeler Co (USA) .
Ethylene polymerization takes place in a pressurized tank, under
high pressures of up to 2,000 bar. Continuous production on one
line delivers pelleted products, achieving annual capacities of
57,000 ton. The process technology allows for obtaining of various
products bearing different characteristics, with broad spectrum
of applications.
The trade mark of HIP-Petrohemija's LDPE is HIPTEN®.
It serves as basis for various processing techniques, starting
from the film, foils and plates extrusion and all the way through
to the blow moulding and injection moulding of products destined
for different purposes.
