(Slovnaft) -- Slovnaft plans to implement three large investment projects in Bratislava refinery in next 42 months with total value more then 300 million euro. The aim of the projects is to enhance competitiveness in sale of plastics, as well as improvement of ecologic parameters of manufacture. Currently the largest investment in the chemical industry in Central Europe, during the implementation can work from 500 to 1000 people through the delivery companies.
The construction of new line for the manufacture of polyethylene (LDPE 4) with the utilization of proved German technology will be the main part of the investments.
The reconstruction of ethylene unit as the source of material for polyethylene links will be realized before these investments. The reconstruction will start in next year. New line should be built by the end of 2015.
"New production unit will be able to produce nearly 30 types of polyethylene. Due to the extension of portfolio Slovnaft will be able to address new customers and expand to new markets within EU.
"Due to modern technologies the new production unit will be not only able to replace all present 7 lines for the production of polyethylene, but also ensure the increase of polymers production by 42 thousand tones. The construction of new line is a key investment for the whole market of plastics in Central Europe and ensures long- term sustainable competitive advantage for our company," said Ivan Dezd, the director of Slovnaft Petrochemicals.