Rompetrol Petrochemicals finalized EUR 500,000 investment in the first command and control center for petrochemical plants in Romania

Newsroom 18/11/2010 | 09:22

Rompetrol Petrochemicals, the petrochemical division of the Rompetrol Group, has completed the automation of plants and the integration of operations into the command and control center of the Petromidia platform (CCR).

The total value of the project to integrate the local systems into the new command center amounts to approximately USD 500,000, being also supported by the investments made by Rompetrol Petrochemicals during 2006-2007 for restarting and modernizing the low density polyethylene (LDPE) – USD 30 million and the high density polyethylene plants – over USD 14.5 million.

“The integration of the automated control of petrochemical plants into the command center supports the company’s objective to become one of the main polymer suppliers and producers in the region and also represents a natural continuation of the investments amounting to over USD 107 million made since 2002 and until present”, said Niculi Dumitru, Rompetrol Petrochemicals GM.

Rompetrol Petrochemicals has planned to increase the capacity of the high density polyethylene (HDPE) plant by more than 70%, by the end of the year 2011, the total amount of the investment being estimated to approximately USD 18 million. In the first nine months of the year, the company recorded a turnover of USD 214.2 million and an operating income (EBITDA) of USD 11.5 million, increasing as compared to the indicators obtained during the similar period of 2009 – a turnover of USD 181 million and a negative operating result of USD 12.5 million. Rompetrol Petrochemicals is fully owned by Rompetrol Rafinare.