Rompetrol Petrochemicals works with Dow Chemicals

Rompetrol Petrochemicals, a part of the Rompetrol group, will produce and supply polymers under the Dow brand name to the American company Dow Chemicals, after the two parties signed a 14-year contract yesterday. According to a Rompetrol press release, the contract stipulates that up to 60,000 tonnes of high and low density polyethylene to be delivered yearly to Dow”s European division, as a first part of the agreement. The amount will then increase to 100,000 tonnes per year, at an unspecified moment. Chemical products will be produced on the Petromidia platform. Rompetrol Petrochemicals has a production capacity of some 80,000 tonnes per year and last year posted a 130 million dollar turnover. According to its own data, the company accounts for over 60% of the local polypropylene market. Dow Chemicals, registered in the US, is one of the biggest polyethylene producers worldwide. The company has operations in 175 countries and annual sales worth 46 billion dollars. ZF