Wednesday, September 30, 2020
Home Oil & Gas Unipetrol commissions the record-high petrochemical investment in the Czech history

Unipetrol commissions the record-high petrochemical investment in the Czech history

Czech largest refinery and petrochemical company Unipetrol has completed and officially commissioned the principal part of the construction of the new polyethylene unit (PE3).

The commissioning of the record-high petrochemical investment in the Czech Republic’s history in the state-of-the-art production facility will have a positive impact on the development of Unipetrol and the entire ORLEN Group. For instance, polyethylene is widely used in the cosmetics and construction industry and in the production of chemical products for households.

“We are reinforcing our position in the petrochemical industry that will be playing an increasing role in the coming years,” said Tomasz Wiatrak, Chairman of the Board of Directors of the Unipetrol Group. “The new polyethylene unit is the highest investment ever to the chemical industry in the Czech Republic. It will produce 270,000 tonnes of the modern high-density polyethene granulate per year.”
 
The new polyethylene unit, PE3, will replace the existing unit, PE1. Operations of the PE2 unit with an annual capacity of 200,000 tonnes will continue. The total production capacity of the petrochemical plant in Litvínov will grow from 320,000 to 470,000 tonnes of polyethylene. The total capital expenditure is planned at 9.6 billion Czech Koruna (347 million euros).
 
The investment will enable deeper integration of the petrochemical and refinery production not only within the Unipetrol Group but also within the PKN ORLEN Group. The new technologies will allow Unipetrol to expand its activities in the new market segments and increase its competitiveness in the petrochemical industry both at the national and international level.
 

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