03 October 2013 11:22 [Source: ICIS news]
LONDON (ICIS)--Czech petrochemical producer Unipetrol has chosen INEOS Technologies’ Innovene S slurry process for a new production plant for medium density (MDPE) and high density polyethylene (HDPE) at its cracker complex in Litvinov, INEOS said on Thursday.
Switzerland-headquartered chemicals producer INEOS added the plant will produce a wide range of PE grades to serve growing demand in the European and Commonwealth of Independent States (CIS) markets.
In June, Unipetrol announced petrochemical modernisation projects, including a new PE plant, in a 2013-2017 five-year strategy.
In petrochemicals, Unipetrol said its strategy aimed to increase the utilisation of its 545,000 tonne/year ethylene steam cracker by 13% with a new PE installation, a dicyclopentadiene (DCPD) plant and polypropylene (PP) debottlenecking.
Targeting an 11% increase in its petrochemical sales volume to 1.4m tonnes by 2017, Unipetrol said it anticipated the global demand for basic petrochemicals to grow by an average 3-3.5% over the next five years.
Unipetrol CEO Marek Switajewski said the group’s competitive advantage mainly lay in further integration of the refining and petrochemical segments.
Financial and capacity details were not disclosed.
According to reports, Unipetrol wants to pick a contractor for the project in the first half of 2014.
In 2002, Chemopetrol, the predecessor of Unipetrol, selected the Innovene PP process for the manufacture of homopolymer, random copolymer and impact copolymer at its Litvinov site, INEOS added.
Additional reporting by Will Conroy
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