HIP–Petrohemija ( sr, ХИП-Петрохемија) is a Serbian

petrochemical Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sou ...

company, with the headquarters in

Pančevo Pančevo (Serbian Cyrillic: Панчево, ; german: Pantschowa; hu, Pancsova; ro, Panciova; sk, Pánčevo) is a city and the administrative center of the South Banat District in the autonomous province of Vojvodina, Serbia. It is located on ...

, Serbia. The company owns petrochemical complexes located in

Elemir Elemir (; hu, Elemér) is a village located in the Zrenjanin municipality, in the Central Banat District of Serbia. It is situated in the province of Vojvodina. As of 2011 census, the village has a population of 4,338 inhabitants. Name In Serb ...

and

Crepaja Crepaja ( sr-cyr, Црепаја, ) is a village in Serbia. It is situated in the Kovačica municipality, in the South Banat District, Vojvodina province. The village has a Serb ethnic majority (88.15%) and its population numbering 4,855 people ...

. It specializes in producing

HDPE High-density polyethylene (HDPE) or polyethylene high-density (PEHD) is a thermoplastic polymer produced from the monomer ethylene. It is sometimes called "alkathene" or "polythene" when used for HDPE pipes. With a high strength-to-density ratio, ...

LDPE Low-density polyethylene (LDPE) is a thermoplastic made from the monomer ethylene. It was the first grade of polyethylene, produced in 1933 by Imperial Chemical Industries (ICI) using a high pressure process via free radical polymerization. Its ...

and other petrochemical products with an annual production capacity of 700,000 tonnes.

History

Petrohemija was founded in 1968 by the Government of SFR Yugoslavia. On 24 December 2021,

Naftna Industrija Srbije Naftna Industrija Srbije ( sr, Нафтна Индустрија Србије, lit=Petroleum Industry of Serbia; abbr. NIS / НИС) is a Serbian multinational oil and gas company with headquarters in NIS building, Novi Sad, Serbia. NIS is one of ...

increased its stake in HIP-Petrohemija to 90% of shares, after purchasing the majority of stakes from the

Government of Serbia The Government of Serbia ( sr, Влада Србије, Vlada Srbije), formally the Government of the Republic of Serbia ( sr, Влада Републике Србије, Vlada Republike Srbije), commonly abbreviated to Serbian Government ( sr, � ...

for 150 million euros.

Activity

HIP Petrohemija owns large petrochemical complexes located in

and

. These complexes include a number of nine producing plants. The ethylene plant is located in

and was established in 1979 and built by

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

based company

Stone & Webster Stone & Webster was an American engineering services company based in Stoughton, Massachusetts. It was founded as an electrical testing lab and consulting firm by electrical engineers Charles A. Stone and Edwin S. Webster in 1889. In the early ...

and French company

French Institute of Petroleum The IFP Energies nouvelles (IFPEN) also known as French Institute of Petroleum (in French: ''Institut Français du Pétrole, IFP'') is a public research organisation in France founded in 1944 as Institute of Oil, Fuels and Lubricants (''Institut d ...

. It produces

ethylene Ethylene (IUPAC name: ethene) is a hydrocarbon which has the formula or . It is a colourless, flammable gas with a faint "sweet and musky" odour when pure. It is the simplest alkene (a hydrocarbon with carbon-carbon double bonds). Ethylene i ...

propylene Propylene, also known as propene, is an unsaturated organic compound with the chemical formula CH3CH=CH2. It has one double bond, and is the second simplest member of the alkene class of hydrocarbons. It is a colorless gas with a faint petrole ...

synthetic rubber A synthetic rubber is an artificial elastomer. They are polymers synthesized from petroleum byproducts. About 32-million metric tons of rubbers are produced annually in the United States, and of that amount two thirds are synthetic. Synthetic rubbe ...

latex Latex is an emulsion (stable dispersion) of polymer microparticles in water. Latexes are found in nature, but synthetic latexes are common as well. In nature, latex is found as a milky fluid found in 10% of all flowering plants (angiosperms ...

carbon black Carbon black (subtypes are acetylene black, channel black, furnace black, lamp black and thermal black) is a material produced by the incomplete combustion of coal and coal tar, vegetable matter, or petroleum products, including fuel oil, fluid ...

and

gasoline Gasoline (; ) or petrol (; ) (see ) is a transparent, petroleum-derived flammable liquid that is used primarily as a fuel in most spark-ignited internal combustion engines (also known as petrol engines). It consists mostly of organic co ...

and has an annual production capacity of around 500,000 tonnes. The high-density polyethylene (HDPE) plant is located in

and was established in 1975 under licence from the former

based

Phillips Petroleum Company Phillips Petroleum Company was an American oil company incorporated in 1917 that expanded into petroleum refining, marketing and transportation, natural gas gathering and the chemicals sectors. It was Phillips Petroleum that first found oil in the ...

. The plant has two production lines and produces high-density polyethylene or HDPE having an annual capacity of 76,000 tonnes. The low-density polyethylene (HDPE) plant is located in

and was established in 1979 under licence from the former

based

National Distillers Jim Beam is an American brand of bourbon whiskey produced in Clermont, Kentucky, by Beam Suntory. It is one of the best-selling brands of bourbon in the world. Since 1795 (interrupted by Prohibition), seven generations of the Beam family have be ...

. The plant has one production line and produces low-density polyethylene or LDPE having an annual capacity of 57,000 tonnes. The

plant is located in

and was established in 1983 under licence from the former

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

based Buna-Werke Hulls. The plant has three production units and produces synthetic rubber having an annual capacity of 40,000 tonnes,

1,3-Butadiene 1,3-Butadiene () is the organic compound with the formula (CH2=CH)2. It is a colorless gas that is easily condensed to a liquid. It is important industrially as a precursor to synthetic rubber. The molecule can be viewed as the union of two viny ...

under licence from

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

ese company

Nippon Zeon Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

having an annual production capacity of 45,000 tonnes and

methyl tert-butyl ether Methyl ''tertiary''-butyl ether (MTBE), also known as methyl tert-butyl ether and ''tert''-butyl methyl ether, is an organic compound with a structural formula (CH3)3COCH3. MTBE is a volatile, flammable, and colorless liquid that is sparingly sol ...

or MTBE under licence from

Italian Italian(s) may refer to: * Anything of, from, or related to the people of Italy over the centuries ** Italians, an ethnic group or simply a citizen of the Italian Republic or Italian Kingdom ** Italian language, a Romance language *** Regional Ita ...

company

Snamprogetti Saipem S.p.A. (Società Anonima Italiana Perforazioni E Montaggi lit. ''Drilling and Assembly Italian Public Limited Company'') is an Italian multinational oilfield services company and one of the largest in the world. Until 2016 it was a subsi ...

having an annual production capacity of 35,000 tonnes. Other production plants include the PVC production plant in

with an annual capacity of 16,000 tonnes, the

polyethylene Polyethylene or polythene (abbreviated PE; IUPAC name polyethene or poly(methylene)) is the most commonly produced plastic. It is a polymer, primarily used for packaging ( plastic bags, plastic films, geomembranes and containers including bo ...

pipes Pipe(s), PIPE(S) or piping may refer to: Objects * Pipe (fluid conveyance), a hollow cylinder following certain dimension rules ** Piping, the use of pipes in industry * Smoking pipe ** Tobacco pipe * Half-pipe and quarter pipe, semi-circula ...

and fittings plant in

with an annual capacity of 11,000 tonnes, the

chlorine Chlorine is a chemical element with the Symbol (chemistry), symbol Cl and atomic number 17. The second-lightest of the halogens, it appears between fluorine and bromine in the periodic table and its properties are mostly intermediate betwee ...

alkali In chemistry, an alkali (; from ar, القلوي, al-qaly, lit=ashes of the saltwort) is a basic, ionic salt of an alkali metal or an alkaline earth metal. An alkali can also be defined as a base that dissolves in water. A solution of a ...

electrolysis In chemistry and manufacturing, electrolysis is a technique that uses direct electric current (DC) to drive an otherwise non-spontaneous chemical reaction. Electrolysis is commercially important as a stage in the separation of elements from n ...

plant in

built under the licence of the

Olin Corporation Olin Corporation is an American manufacturer of ammunition, chlorine, and sodium hydroxide. The company traces its roots to two companies, both founded in 1892: Franklin W. Olin's Equitable Powder Company and the Mathieson Alkali Works. Olin che ...

with an annual capacity of 200,000 tonnes, a

water treatment plant Water treatment is any process that improves the quality of water to make it appropriate for a specific end-use. The end use may be drinking, industrial water supply, irrigation, river flow maintenance, water recreation or many other uses, includ ...

and a utility plant that produces energy fluids.

Market and financial data

In 2017, after years of insolvency, HIP-Petrohemija made record 341.48 million euros of net profit. This tremendous trend turnover was achieved through debt write off and debt-to-shares conversion by the

References

External links

* {{authority control 1968 establishments in Serbia Companies based in Pančevo Government-owned companies of Serbia Non-renewable resource companies established in 1968

HIP Petrohemija HIP–Petrohemija ( sr, ХИП-Петрохемија) is a Serbian petrochemical company, with the headquarters in Pančevo, Serbia. The company owns petrochemical complexes located in Pančevo, Elemir and Crepaja. It specializes in producing Hi ...

Petrochemical companies Serbian brands