Polish Dwory buys Czech producer Kaucuk for $267 million
Polish petrochemical company Dwory has bought 100% of Czech company Kaucuk, owned by oil company Unipetrol, the Czech company said Friday.
Unipetrol sells Kaucuk to Poland's Dwory
Czech oil and chemicals group Unipetrol announced on January 30 the disposal of its unit Kaucuk to Polish chemical company Dwory for 5.5 billion Czech crowns (195 million Euro), website praguemonitor.com reported.
Dwory offered the highest price in a tender.
The price of the sale was Eur195 million . The deal was first signed January 30.
Dwory S.A. is one of the biggest Polish enterprises in the chemical field.
Company actively concentrates on three product areas:
vinyl and copolymer dispersions
The price of the sale was
Eur195 million ($267 million). The deal was first signed January
30. The sale was finalized Thursday.
On July 10, Unipetrol, Kaucuk and Dwory completed a joint venture agreement for the development and operation of a new butadiene unit in the industrial area in Kralupy nad Vltavou.
Kralupy nad Vltavou,
・Kaucuk runs a 130 kt/yr styrene monomer unit and a 87 kt/yr general purpose polystyrene unit
・New Jv Butadiene Kralupy (51% Unipetrol and 49% Kaucuk) a new butadiene unit
原料C4s, raffinate 1, ethylene, benzene and heating oil from Chemopetrol's chain steam cracker in Litvinov
2008/7/23 PKN ORLEN
PKN ORLEN begins construction of the PTA Plant
Today in Wloclawek (Poland) the Presidents of PKN ORLEN, Polimex-Mostostal and the City of Wloclawek together with representatives of Mitsubishi Chemical officially commenced the construction of a purified terephthalic acid plant (PTA). The installation, with an annual production capacity of 600,000 tonnes, will be operating on the premises of PKN ORLEN adjacent to ANWIL Wloclawek.
Polimex-Mostostal was contracted the general constructor of the plant upon the agreement signed with PKN ORLEN in 2007. The PTA process is licensed by Mitsubishi Chemical, the world’s third biggest PTA manufacturer and leading producer of the acid in Asia. The contracted technology complies with the best available techniques requirements.
The PTA plant is scheduled to commence production in H2 2010. Until then, PKN ORLEN is to increase the production capacity of its paraxylene plant in Plock, a feedstock for PTA. The PTA plant cost is estimated at PLN 3.73 bln. The facility will directly employ over 200 staff with additional personnel to be employed by the maintenance and logistics companies.
The average yearly demand for PTA in Western Europe between 2003 and 2010 is forecasted to grow by 6 per cent every year mainly thanks to applications in the plastics industry, especially polyesters broadly used in such branches as textile, packaging, food and pharmaceuticals.
In August last year, PKN Orlen signed a contract with Mitsubishi Heavy Industries to design, supply and provide on-site supervision for the construction of the 600,000 mt/year capacity plant at PKN Orlen's chemicals complex in Wloclawek, about 160 km northwest of the capital Warsaw. The cost of the plant is estimated at Zloty 3.73 billion ($1.87 billion) and it is expected to come onstream in October 2010, PKN Orlen said in a statement. The plant will be built by Polish company Polimex-Mostostal.
PKN ORLEN is a Polish company and one of Central Europe’s largest refiners of crude oil. We specialize in processing crude oil into world-class unleaded petrol, diesel, heating oil, and aviation fuel as well as plastics and other petroleum related products.
Aug 17, 2007 JCN Newswire
MHI Receives Order for Large-scale PTA Plant from PKN ORLEN, Poland's Largest Oil Refining and Petrochemical Company
Mitsubishi Heavy Industries, Ltd. has received an order for a large-scale purified terephthalic acid (PTA) plant from Polski Koncern Naftowy ORLEN S.A. (PKN ORLEN), Poland's largest oil refining and petrochemical company. The order represents the first PTA plant to be built in that country. The plant, with a capacity to produce 600,000 tons of PTA per annum, is slated to go on-stream in October 2010. The contract, worth approximately 50 billion yen, was concluded between PKN ORLEN and MHI in cooperation with ITOCHU Corporation, a Japanese trading house.
To date, MHI has received two orders for 350,000 ton/year PTA plants - one from MCC PTA India Corporation Private Limited of India in 1997 (completed in 1999) and one from Shahid Tondgooian Petrochemical Company of Iran in 2000 (completed in 2006) - and one order for a 600,000 ton/year PTA plant for Ningbo Mitsubishi Chemical Co., Ltd. of China in 2004 (completed in 2006). All of these plants have employed Mitsubishi Chemical's processing method. MHI believes its technical expertise and the positive delivery track record of these plants contributed to the award of the latest order from Poland. Buoyed by the new order, MHI now aims to further strengthen its marketing activities for PTA plant projects