Conversion of HDPE into PP plant
Another project recently approved by the Kazakh-Romanian Energy Investment Fund aims to finance the increase by more than 30% the production of polymers within the petrochemical division of the Petromidia refinery, the sole producer in Romania in this field.
The objective will be achieved through conversion of the high-density polyethylene (HDPE) plant into a Polypropylene plant (PP), with the annual polypropylene production capacity following to increase from 90,000 tonnes presently to 120,000 tonnes by 2022.
The conversion will enable the consolidation of the jobs for 75 employees and increase by about USD 0.5 million the annual contribution of Rompetrol Rafinare to the state budget.
The investment amounts to about USD 8 million and will ensure production alignment with the demand for petrochemicals on the regional market and maximize the added value of petrochemicals products. The project will be fully financed from the Fund's own resources.See more details in the press release.