Oltchim plans to restart Arpechim unit this month - CEO Roibu

08 November 2010 11:12  [Source: ICIS news]

BUCHAREST (ICIS)--Oltchim plans to restart its Arpechim petrochemical unit by the end of this month, at the latest, the CEO of the Romanian petrochemical and plastics manufacturer said on Monday.

“The refurbishment work is already done and now we are trying to find working capital to purchase raw materials needed to restart the Arpechim unit. Most likely we will contract a loan in the following days and will get the needed money,” said Oltchim CEO Constantin Roibu.

Following Oltchim’s acquisition of the mothballed unit from Romanian refiner Petrom in January and a subsequent refurbishment, Oltchim has targeted several restart dates for the unit, the last being at the end of September.

Oltchim has said that successfully restarting the Arpechim unit, which includes a 200,000 tonne/year ethylene plant linked to Oltchim by a local pipeline, is vital for a revival of the company’s fortunes.

The unit also includes an 80,000 tonne/year low density polyethylene (LDPE) production line.

Based at Ramnicu Valcea, in southern Romania, Oltchim produces caustic soda, petrochemicals, agrochemicals, inorganic products and building materials, including insulating polyvinyl chloride (PVC).

Please visit the complete ICIS plants and projects database
Please visit Will Beacham’s
Look East for Chemicals blog
To discuss issues facing the chemical industry visit
ICIS connect


By: Marian Chiriac
+44 20 8652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index