Rompetrol Rafinare, member company of the KMG International Group (Rompetrol), introduced two modern reactors into the operational flow of the Petromidia refinery, part of the Middle Distillate Hydrotreating (HDV) unit, which will reach optimal operational parameters in the shortest time possible. The investment of about 16 million dollars, implemented as part of the recently completed general turnaround, will lead to increased amounts of loaded catalyst. The integration of the reactors into production was marked in the presence of the Romanian Government representative – State Councilor Florin Sp?taru and His Excellency, the Ambassador of Kazakhstan to Romania, Yerlik Ali, who conducted an official visit today, on the Petromidia platform. This special equipment is designed and executed for operation at considerable temperatures and pressures, in an environment with the presence of hydrogen. The two reactors, which measure approximately 33 meters in height and weight approximately 285 tons each, were manufactured in Romania by the Comes company and the installation in the operational flow was carried out by Industrial Montaj. The role of HDV is the processing / hydrotreating of diesel mixtures resulting from the technological processes of other facilities in the operational flow, in order to eliminate sulfur compounds and, implicitly, obtain EURO 5 components for the final production of diesel. Changing the reactors is one of the most important projects implemented during the turnaround. In total, around 85 million dollars were invested in the modernization projects of the Petromidia refinery, the largest profile unit in the country. In the first three months of 2024, the Petromidia refinery processed 943 thousand tons of raw materials, mostly crude oil of Kazakhstan origin. Rompetrol Rafinare is one of the most important contributors to Romania's state budget, paying over 316 million dollars in the first quarter of the year. The significant shareholders of Rompetrol Rafinare SA are KMG International (54.63% - directly and indirectly) and the Romanian State, through the Ministry of Energy (44.7%).
A new study by MKOR shows that pro-Russian politician Călin Georgescu is the frontrunner in Romania’s presidential race, with 36.6% of voters favoring him in the first round. However, the data suggests that acting president Ilie Bolojan could defeat him in the runoff, where he would secure 42% of the votes against Georgescu’s 40%. Ilie […]
The City Hall of Timișoara, in western Romania, has approved the Zonal Urban Plan (PUZ) for the redevelopment of the former abattoir, paving the way for a large-scale transformation of the nearly five-hectare industrial site. The project, led by Țiriac Imobiliare through its subsidiary Goldale Real Estate SRL, will preserve the historical buildings while repurposing […]
Managing procurement within an organization can be challenging: large budgets, approval requests, complex processes, and endless administrative work that is difficult to control. Digitalizing procurement processes can radically transform this landscape. Matricia Solutions has implemented procurement projects for one of the largest...
Acting president Ilie Bolojan running for a full term is becoming an increasingly plausible scenario after one of the candidates, the one who won the second largest number of votes after isolationist Calin Georgescu in November 2024, said she would step down in his favor. The leader of the reformist opposition party USR, Elena Lasconi, […]
Vista Bank, which has been owned since 2018 by the Vardinogiannis Group of Greece, one of the largest industrial conglomerates in Southeastern Europe, announced the acquisition of Alpha Leasing Romania from Alpha Bank and Alpha International Holdings. Alpha Leasing also owns 100% of Alpha Insurance Brokerage Romania. The transaction, subject to regulatory approval, is expected […]
Romania's chemical group Chimcomplex (BVB: CRC) reported nearly RON 1.5 billion (EUR 300 million) turnover (+7% y/y) and remained in the black with a net profit of RON 3.5 million (-77% y/y) – quite a performance that put it in the select club of 18% European chemistry companies that avoided losses in the difficult year […]
