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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.

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HIP-PETROHEMIJA a.d. Pancevo is a public stock company, operating in compliance with the Company Law. The basic act of the Company is the Agreement of Incorporation of a stock company for production of petrochemical products, raw materials and chemicals HIP-Petrohemija Pancevo. The main shareholder is Republic of Serbia (53.70% of capital), followed by Development Fund of Republic of Serbia with 13.34%, JP Srbijagas Novi Sad 13.09%, NIS a.d. Novi Sad 12.45%, Elektrovojvodina d.o.o. Novi Sad 4.76% and Pančevo Municipality with 0.5%; socially owned capital amounts 2.16% of total capital value.

HIP-Petrohemija is the leading producer of petrochemicals in the South-East Europe, with operating tradition over 30-years long. It covers an area of total 247 hectars on three location: Pancevo, Elemir, and Crepaja. There are seven production plants, each location having its own utility and electrical distribution systems, waste waters treatment plants, laboratories, and other necessary services.

HIP-Petrohemija can produce almost 700,000 tons of petrochemicals in a year. The products assortment includes polymers - high density polyethylene (HDPE trade name HIPLEX®), low density polyethylene (LDPE trade name HIPTEN®), and synthetic styrene-butadiene rubber (SBR trade name HIPREN®), and basic products - ethylene, propylene, C4-fraction, pyrolitic oil, pyrolitic gasoline, methyl tertiary buthyl ether (MTBE), 1,3-butadiene and chlor-alkali products.. HIP-Petrohemija also produces HDPE compound and polyethylene pipes for water, sewage, and natural gas.

In HIP-Petrohemija great attention is paid to quality, environmental protection and occupational health and safety, in accordance with the requirements of integrated model pursuant to standards ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007. More than 98% of our polymers are the first class products, and they are regularly tested in our laboratory accredited in accordance with the ISO/IEC 17025:2006. Polymers have Statement of Conformity, which declares their conformity with the European (EU) norms for materials intended to come into contact with foodstuffs issued by Institute for Public Health, Maribor, Slovenia.

 

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