The petrochemicals divisions within Petromidia refinery supplies more than half the necessary of petrochemical products for internal consumption in Romania.
These industry branch has known a well deserved revival in recent years, a breath of air of the refining industry affected by the decline of oil prices.
What contributed massively to the development of this branch was good integration with the Petromidia refinery that supplies the entire quantity of polypropylene, investments in the modernization of installations and, most of all, the diversification of varieties to cover the latest applications.
The varieties of polyolefins (polypropylene and polyethylene) produced by the Petromidia refinery are used in agriculture, the food industry and for a wide range of products, from FMCG, personal care, electronics and electrotechnics to auto industry, textiles and constructions.
The petrochemical division has 3 installations: one installation of polypropylene (PP) and 2 for polyethylene, low density polyethylene (LDPE) and high density polyethylene (HDPE), with a combined output of over 220,000 tons/year.
The company operates the only marine terminal for offloading ethylene at the Black Sea and the only cryogenic tank with a storage capacity of 10,000 tons.
The petrochemicals division produces more than 30 special, niche varieties with added value.
Results Q1 2020
In the first quarter of 2020, the total production of polymers of the petrochemical segment increased by 13%, to a total of 32.7 kt, compared to 29 kt in Q1 2019, an evolution due to the operation program of the Low Density Polyethylene Plant (LDPE).
The results of the petrochemical division continued to be affected by market pressure on margins. The petrochemical segment is the only national producer of polypropylene and polyethylene, constantly managing to increase its market share in the secondary product categories as well.
The Petrochemical Division of Rompetrol Rafinare is also the sole manufacturer of the RSB 25 sort, which can also be used to produce the necessary protective equipment for the Health System.
Read more about the financial and operational results in Q1 2020.
The Petrochemicals segment continued in 2019 to be affected by the pressure of the market margins, which last year reached the lowest levels in the last decade: 398 USD / t for polypropylene, 158 USD / t for low density polyethylene (LDPE), respectively 157 USD / t for high density polyethylene (HDPE).
Considering that the raw material for polyethylene installations is ensured from import (ethylene), and the evolution and fluctuation of the quotation for this raw material in 2019 was a high one, the company decided to keep the LDPE installation in operation at a low flow rate and at the conservation of the HDPE unit.