12 December 2012 17:16 [Source: ICIS news]
LONDON (ICIS)--Serbia's HIP Petrohemija has completed the reconstruction and expansion of its high-density polyethylene (HDPE) plant, the company said on Wednesday.
The installation, the capacity of which has been increased by 30% to slightly more than 90,000 tonnes/year, would go into trial operation from 13 December, it added.
In preparation for the HDPE launch, the company's 200,000 tonne/year ethylene plant was brought back online last week and subjected to a technical inspection and environmental monitoring prior to entering full production, state-controlled HIP Petrohemija said.
Like the HDPE plant, the ethylene plant has been offline since early September when the HDPE reconstruction and expansion was started, it added.
HIP Petrohemija did not specify the cost of the HDPE investment project, but said it was partly paid for by NIS, the refiner located adjacent to the company in Pancevo, northeast of Belgrade, which is owned by Russia's Gazprom Neft.
NIS holds a 12.72% stake in HIP Petrohemija and has signed long-term contracts to provide it with feedstock, including naphtha for the ethylene cracker.
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