HIP-Petrohemija
HIP-Petrohemija is Serbia's largest integrated petrochemical producer, making ethylene, polyethylene (LDPE/HDPE), synthetic rubber, and pipes under the NIS Group, serving industrial buyers domestically and across 30+ export markets.
- Company typePrivate
- Founded1977
- HeadquartersPancevo
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What HIP-Petrohemija does
HIP-Petrohemija d.o.o. Pančevo is a Serbian integrated petrochemical producer founded in 1977 and headquartered in Pančevo, with a secondary synthetic rubber plant in Elemir. The company operates an ethylene-to-polymer production chain comprising an Ethylene Factory, a Polyethylene Factory producing LDPE (PENG) and HDPE (PEVG) under the HIPLEX, HIPTEN, and Petroplast brands, a Synthetic Rubber Factory (HIPREN/FSK), a Waste Water Treatment Plant, and a Petroplast pipe-and-fittings line. It also runs analytical and testing laboratories that serve external customers in addition to internal QC.
The company sells base chemicals (olefins and aromatics) and finished polymers to industrial buyers in the chemical and processing, plastics converting, and construction sectors. Distribution is direct-to-customer via competitive sales tenders and B2B negotiations, with a logistics/loading scheduling system, and the customer base spans the Serbian domestic market and exports to 27 European countries plus China, Egypt, Turkey, the USA, and Australia. Pricing is not publicly disclosed and is set through tender-based and bilateral negotiations.
Following a EUR 150 million recapitalization that closed in June 2023, Naftna Industrija Srbije (NIS) owns 90% of HIP-Petrohemija and the Republic of Serbia retains 10%, positioning the entity as a non-listed subsidiary within the NIS Group. The Strategic Partnership Agreement mandates construction of a new polypropylene plant with minimum 140,000 tonnes/year capacity within six years, supported by the recapitalization. Operations are certified to ISO 50001, ISO 14001, and ISO 45001, with REACH compliance for product exports.
HIP-Petrohemija firmographics
Firmographics- Name
- HIP-Petrohemija
- Legal name
- HIP-Petrohemija d.o.o. Pančevo
- Website
- https://hip-petrohemija.com
- Company type
- Private
- Founded year
- 1977
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- HIP-Petrohemija is Serbia's largest integrated petrochemical producer, making ethylene, polyethylene (LDPE/HDPE), synthetic rubber, and pipes under the NIS Group, serving industrial buyers domestically and across 30+ export markets.
- Ownership category
- akta.pro rank
HIP-Petrohemija industry classification
Industry- Product category
- Petrochemicals
- NAICS
- Petrochemical Manufacturing (32511), Synthetic Rubber Manufacturing (325212), Resin and Synthetic Rubber Manufacturing (32521)
- SIC
- Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)
- akta.pro primary industry
- Polyolefins (PE, PP) (IMAEADAD)
- akta.pro secondary industries
- Base Olefins (Ethylene, Propylene, Butadiene) (IMAEADAA), Polyolefins (PE, PP) (IMAEANAA)
Keywords
Where HIP-Petrohemija is headquartered
LocationHeadquarters
- HQ city
- Pancevo
Offices2 records
Markets served
HIP-Petrohemija business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Petrochemical Product Sales: Sale of petrochemical products including olefins, aromatics, polymers (HIPLEX, HIPTEN, HIPREN), and polyethylene pipes and fittings through sales tenders and direct commercial relationships
- Laboratory Services: Laboratory services including analytical laboratory, polymer laboratory, FSK laboratory, and testing laboratory services for external customers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | B2B sales through competitive tender process |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
HIP-Petrohemija product offering
Product offeringCore offering
HIP-Petrohemija manufactures and sells base petrochemical products (olefins and aromatics), polyethylene polymers under proprietary brands (HIPLEX/HDPE, HIPTEN, HIPREN/synthetic rubber), and polyethylene pipes and fittings for construction. The company operates integrated production facilities including Ethylene, Polyethylene (LDPE/HDPE), and Synthetic Rubber plants in Pančevo and Elemir, Serbia, and also offers analytical and testing laboratory services.
Product overview
HIP-Petrohemija is a petrochemical company operating as part of the NIS Group, producing basic and polymer petrochemical products. The company operates multiple production facilities including: Polyethylene Factory (manufacturing HIPLEX/HDPE, HIPTEN, and Petroplast products), Ethylene Factory, Synthetic Rubber Factory (producing HIPREN), and Waste Water Treatment Plant. The product portfolio includes Olefins and Aromatics (base chemical feedstocks), Polymers (HIPLEX, HIPTEN, HIPREN), Polyethylene pipes and fittings, and Petroplast. The company also provides laboratory testing services through its Petrochemical Laboratory and Testing Laboratory. Since December 2021, NIS owns 90% of HIP-Petrohemija with the Republic of Serbia holding 10%, following a strategic partnership involving EUR 150 million recapitalization and construction of a new polypropylene plant.
Differentiator
Problem solved
Functional benefit
Brands
- HIPLEX: Polymer product brand
- HIPTEN
- HIPREN
- Petroplast
Products and services
- HIPLEX High-density polyethylene (HDPE) polymer produced by HIP-Petrohemija for various industrial applications.
- HIPTEN Polyethylene (LDPE) polymer product line used in industrial applications.
- HIPREN Synthetic rubber polymer product manufactured at the Elemir plant.
- Olefins and aromatics Basic chemical feedstocks serving as raw materials and chemicals for downstream chemical and processing industries.
- Polyethylene pipes and fittings Polyethylene pipes and fittings for construction applications, standardized for their properties in operation and installation.
- Petroplast Polyethylene production line within the Polyethylene Factory, including PEVG (HDPE) and PENG (LDPE) production units for pipes and fittings.
- Petrochemical Laboratory services Analytical, polymer, and FSK (synthetic rubber) laboratory services for internal quality control and external customers.
- Testing Laboratory services Laboratory services including IBR, safety valve testing, and pressure vessel and pipeline testing.
Companies that use HIP-Petrohemija
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles1 record
HIP-Petrohemija technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
HIP-Petrohemija partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Faculty of Technology and Metallurgy in BelgradecoreCooperation agreement for educational programs including professional internships for students, guest lectures by petrochemical experts, joint projects such as Optimization of Pyrolytic Furnaces at Ethylene Factory, and knowledge transfer between industry and academia.
- NEKS (National Energy Committee of Serbia)coreHIP-Petrohemija participates in NEKS activities as national body of WPC Energy. Goran Stojilković serves as representative in NEKS Assembly and member of WPC Energy Programme Committee.
- WPC EnergyminorWorld Petroleum Council - HIP-Petrohemija participates in NEKS activities connected to WPC Energy, with representation at WPC Energy Executive Board and Congress Programme Committee meetings.
- NIScoreNIS Calling internship programme includes HIP-Petrohemija as subsidiary. Eighth season had over 1,000 applicants with 14 participants placed at HIPP. Colleagues from NIS Downstream provide expert support for energy efficiency projects.
Scale indicators8 records
Recent moves9 records
Expansion highlights12 records
HIP-Petrohemija competitors and assessment
Company assessmentDirect peers
- MOL Group: MOL is a Central European integrated oil and petrochemical group operating polyolefin production units in Hungary and Slovakia. Directly comparable as a regional petrochemical producer with integrated ethylene/polyethylene assets serving CEE markets, with similar geographic focus and B2B polymer customer base.
- PKN Orlen: PKN Orlen operates one of Central Europe's largest petrochemical complexes in Płock, Poland, producing olefins, polyolefins (PE, PP), and aromatics. Comparable as an integrated oil refiner/petrochemical producer with Pancevo-style vertical integration and a similar Central European footprint.
- Synthos (Synthos Group / Grupa Azoty): Synthos is a leading European producer of synthetic rubber (including emulsion SBR) headquartered in Poland. Directly comparable synthetic rubber peer to HIP-Petrohemija's HIPREN brand at the Elemir plant, serving similar tire, industrial rubber, and latex applications across Europe.
- OMV: OMV operates petrochemical assets through Borealis in Austria and Romania, producing base chemicals and polyolefins. Highly comparable as an integrated European energy company with petrochemical/polyolefin assets serving regional polymer markets and overlapping customer bases with HIP-Petrohemija.
- Borealis: Borealis is a leading European producer of polyolefins (PE, PP) and base chemicals with operations across Europe. Directly comparable as a polyolefin specialist serving plastics processors and compounders, with overlapping product portfolio (LDPE/HDPE/PP) and customer types.
- Petrochemia Plock (Orlen Unipetrol): Unipetrol's Petrochemia operates ethylene and polyethylene units in the Czech Republic within the PKN Orlen group. Comparable as a Central European petrochemical complex producing olefins and PE for regional plastics processors, with overlapping customer segments and geographic reach.
Broad incumbents
- BASF: BASF is the world's largest chemical company with a broad petrochemical footprint including olefins and polyolefins via Basell. Relevant incumbent peer for base chemicals and polyolefins, particularly relevant for Serbian/SE European customers sourcing European commodity polymers.
- Dow Chemical: Dow is a global materials science major producing polyethylene (LDPE, HDPE, LLDPE) and basic chemicals. Comparable as a major incumbent polyolefin producer with similar commodity PE grades, exporting into European markets where HIP-Petrohemija competes for plastics processor customers.
- LyondellBasell: LyondellBasell is a global polyolefins leader producing LDPE, HDPE, and PP worldwide. Highly relevant incumbent peer in the polyolefin space, competing for the same plastics processing customers and supplying similar LDPE/HDPE/PP grades to European converters.
- INEOS: INEOS is one of the world's largest petrochemical producers with broad olefin, polyolefin, and polymer operations in Europe. Comparable as a major incumbent in base chemicals and polyolefins (PE/PP) serving similar industrial B2B customers across European markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
HIP-Petrohemija social profiles
Digital presenceHIP-Petrohemija compliance and trust
Trust signalCompliance4 records
HIP-Petrohemija financial estimates
Financial estimateRevenue estimate
Valuation estimate
HIP-Petrohemija leadership team
Management profileNumber of profiles
Profiles9 records
HIP-Petrohemija subsidiaries and ownership
Company hierarchySubsidiaries1 record
HIP-Petrohemija funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HIP-Petrohemija M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HIP-Petrohemija
What does HIP-Petrohemija do?
HIP-Petrohemija manufactures and sells base petrochemical products (olefins and aromatics), polyethylene polymers under proprietary brands (HIPLEX/HDPE, HIPTEN, HIPREN/synthetic rubber), and polyethylene pipes and fittings for construction. The company operates integrated production facilities including Ethylene, Polyethylene (LDPE/HDPE), and Synthetic Rubber plants in Pančevo and Elemir, Serbia, and also offers analytical and testing laboratory services.
Is HIP-Petrohemija a public or private company?
HIP-Petrohemija is a private company. It is classified as corporate owned and is currently operating.
When was HIP-Petrohemija founded?
HIP-Petrohemija was founded in 1977. It employs 1,001 to 5,000 people.
Where is HIP-Petrohemija based?
HIP-Petrohemija is headquartered in Pancevo.
How does HIP-Petrohemija make money?
Two revenue lines are on record. Petrochemical Product Sales are the primary driver. The others are laboratory Services.
Who are HIP-Petrohemija's main competitors?
Direct peers on record are MOL Group, PKN Orlen, Synthos (Synthos Group / Grupa Azoty), OMV, Borealis and Petrochemia Plock (Orlen Unipetrol). Broad incumbents are BASF, Dow Chemical, LyondellBasell and INEOS.
Does HIP-Petrohemija have an API?
No public API is recorded for HIP-Petrohemija.
What industry is HIP-Petrohemija in?
HIP-Petrohemija's product category is Petrochemicals. Its primary akta.pro industry code is IMAEADAD, Polyolefins (PE, PP), with a secondary code of IMAEADAA, Base Olefins (Ethylene, Propylene, Butadiene). Its NAICS code is 32511 and its SIC code is 2821.