Chemopetrol Spends Over $100 Million to Build Two New Petrochemical Units in the Czech Republic

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Researched by Industrialinfo.com (Industrial Information Resources, Inc; Houston, Texas). Chemopetrol (Litvinov, Czech Republic) is currently constructing a high-density polyethylene (HDPE) unit and a polypropylene (PP) unit at its Litvinov complex. Linde AG (Ger: LING.DE) (Wiesbaden, Germany) is constructing the 200,000 ton per year HDPE unit while Foster Wheeler Italiana (NYSE: FWC) (Milan, Italy) is constructing the 250,000 ton per year PP unit. Full operation of the HDPE unit is scheduled for early 2003 and the commissioning of the PP unit anticipated for summer of 2002.

Chemopetrol is a subsidiary of Unipetrol (Prague, Czech Republic). The company produces a variety of petrochemical products including ammonia, ethanol, ethylene, and down stream derivatives. Chemopetrol markets and distributes product to Asia, Europe, Africa, Australia, and North America.