Litvinov splits into units, Sokolov gets state guarantees
Chemopetrol Litvinov, the largest chemical producer in the Czech Republic, has split its operation into four divisions in a move designed to make the process of privatization easier. Four key production divisions-refinery, petrochemicals, agro, and phenols-will function as independant legal entities. The petrochemical division includes the 450,000-m.t./year steam cracker, plastics production units, ethanol ethylbenzene, and oxo alcohols. Units producing ammonia, urea, carbon dioxide, and carbon black are in the division. Sources at Litvinov say a modified proposal to buy the company's refining operations has been received form a consortium composed of Agip, Conoco, and Total. The parties are discussing issues such as prices of intermediates and investment programs. Although Western partners have not shown interest in the steam cracker, Amoco is looking at the possibility of buying a stake in the polypropylene plant; Neste is considering a stake in polyethylene; and PCD is looking at a stake in both plastics, on a minority basis initially but with options to extend. The potential partners propose to expand capacity in line with market developments. Litinov is considering transferring the cracker into the refining division.
- OSTI ID:
- 6560848
- Journal Information:
- Chemical Week; (United States), Journal Name: Chemical Week; (United States) Vol. 152:13; ISSN CHWKA9; ISSN 0009-272X
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
ALCOHOLS
AMIDES
AMMONIA
AROMATICS
CAPACITY
CARBON
CARBON BLACK
CARBON COMPOUNDS
CARBON DIOXIDE
CARBON OXIDES
CARBONIC ACID DERIVATIVES
CHALCOGENIDES
CHEMICAL PLANTS
CHEMICAL REACTIONS
CRACKING
CZECH REPUBLIC
DECOMPOSITION
EASTERN EUROPE
ELEMENTS
ETHANOL
EUROPE
HYDRIDES
HYDROGEN COMPOUNDS
HYDROXY COMPOUNDS
INDUSTRIAL PLANTS
INVESTMENT
MARKET
MATERIALS
NITROGEN COMPOUNDS
NITROGEN HYDRIDES
NONMETALS
ORGANIC COMPOUNDS
ORGANIC NITROGEN COMPOUNDS
ORGANIC POLYMERS
OXIDES
OXYGEN COMPOUNDS
PETROCHEMICAL PLANTS
PETROCHEMICALS
PETROLEUM PRODUCTS
PETROLEUM REFINERIES
PHENOLS
PLASTICS
POLYMERS
POLYOLEFINS
POLYPROPYLENE
PRICES
PROCESSING
PRODUCTION
PYROLYSIS
REFINING
SALES
SYNTHETIC MATERIALS
THERMOCHEMICAL PROCESSES
UREA