What Petroprocess doo does

Petroprocess doo is a Belgrade-based industrial solutions provider founded in 2003 that specializes in process analytics, continuous emissions monitoring (CEMS), combustion and flame analysis, measuring and control equipment, filtration, and safety and security systems for heavy industry. The company serves power plants, oil refineries, steel mills, chemical and petrochemical plants, and cement factories across Serbia and Southeast Europe, with a customer base that includes Rafinery Pancevo, TENT, HBIS-Smederevo, and TO Pancevo. Its technical core combines proprietary in-house designed sample extraction and conditioning systems with third-party analytical hardware (gas chromatographs, FT-NIR, NDIR, UV photometers, oxygen analyzers), video-thermography systems for combustion visualization, and ignition systems for burner control. The company also distributes process pumps, control valves, safety relief valves, and safety/security equipment through partnerships with SICK GmbH, Honeywell Enraf, and Hofstetter AG.

The business operates on a project-based turnkey model covering design, production, integration, installation, commissioning, and startup, followed by multi-year maintenance, technical support, and upgrade services. Revenue streams include one-time turnkey project delivery, hardware supply (over 150 process pumps and 500+ control valves installed in the last decade), professional services for installation and commissioning, and recurring service contracts. The company self-describes as the only local one-stop-shop with all elements for successful project realization in its vertical, and claims regional market leadership in Serbia with over 100 analyzers and 60+ CEMS systems implemented on a turnkey basis.

Petroprocess is a privately held family-owned company, originally founded in 2003, which brought in a foreign strategic partner with 60% ownership in 2008 before consolidating back to 100% family ownership in 2014. With approximately 13 employees and three Serbian offices (Belgrade headquarters, Novi Sad, Zrenjanin), the company is a small specialized engineering firm rather than a scaled industrial player. It celebrated its 20th anniversary in April 2024 and continues to operate as an active regional solutions provider with no disclosed revenue, funding events, or public-market presence.

Name

Petroprocess doo

Legal name

Petroprocess

Website

https://petro-process.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Petroprocess doo is a Belgrade-based industrial engineering firm founded in 2003 that delivers turnkey process analytics, CEMS, combustion analysis, and safety systems to power plants, oil refineries, steel mills, chemical plants, and cement factories in Serbia and Southeast Europe as a one-stop-shop integrator and in-house manufacturer.

Ownership category

akta.pro rank

Headquarters

HQ city

Belgrade

HQ country

Serbia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Turnkey Project Solutions: Complete design, production, integration, installation, commissioning and startup of process analytics, CEMS, combustion analysis, and safety systems delivered on a turnkey basis. Projects include hundreds of analyzers and thousands of kilometers of cable routes installed.
2. Maintenance and Technical Support Services: Scheduled and emergency maintenance, technical support, training, spare parts supply, service contracts and custom support agreements for installed systems.
3. Equipment Supply: Supply of process pumps, valves, control valves, safety relief valves, analyzers, and instrumentation equipment. Over 150 process pumps and 500+ control valves installed in the last decade.
4. System Upgrades: Upgrade services for own systems and third-party systems, including modification and redesign of analyzers.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Petroprocess doo designs, manufactures, integrates, installs and maintains industrial process analytics systems, continuous emission monitoring systems (CEMS), combustion and flame analysis systems, process pumps and valves, filtration/separation equipment, and safety and security systems for heavy-industry plants. The company delivers turnkey projects to power plants, oil refineries, steel mills, chemical/petrochemical plants and cement factories, combining proprietary sample extraction/conditioning hardware and video-thermography systems with complementary world-renowned analyzer brands.

Product overview

Petroprocess doo is a process analytics and industrial instrumentation company founded in 2003, operating as a one-stop-shop solution provider for process industries. Its product portfolio spans three core hardware product categories — Filters (filtration and separation systems including landfill solutions), Safety & Security (fire alarms, gas detection, video surveillance, access control), and Process Instrumentation (CEMS, combustion & flame analyzers, process pumps & valves, and water analytics) — supported by three service pillars: Design/Implementation & Testing, Installation/Commissioning & Startup, and Maintenance/Technical Support & Upgrade. The CEMS and Combustion & Flame Analysis products form the technical core, combining proprietary sample extraction/conditioning systems with analyzers (gas chromatographs, FT-NIR, NDIR, UV photometers, oxygen analyzers, FID, TLD) and video-thermography systems for thermal/process visualization. All products are designed and manufactured in-house, with long-term partnerships with global analytical equipment manufacturers providing complementary hardware. The company serves power plants, steel, chemical/petrochemical, cement, and oil refinery industries across Southeast Europe.

Differentiator

Problem solved

Functional benefit

Products and services

• Continuous Emission Monitoring Systems (CEMS) Complete CEMS designed and manufactured in-house, compliant with national and international technical norms and EU standards, installed on emission stacks and pipelines for continuous monitoring of pollutants across thermal power plants, refineries, metallurgy, iron/steel manufacturing, and cement plants.
• Combustion and Flame Analysis Systems Analyzer systems for combustion monitoring providing concentration data on gas products of combustion for fuel/air ratio control. Includes video-thermography systems for combustion visualization, temperature distribution analysis, flame monitoring, slag monitoring, and flame front monitoring, plus ignition systems (high-energy electric igniters, flame monitors, gas igniters, pilot burners, burners, gas control solutions).
• Water Analytics Systems Wide range of analyzers for water parameters, steam, condensate, and complex water systems, including direct/cationic/anionic conductivity, dissolved oxygen, Redox, pH, silica, hydrazine, sodium, turbidity, TOC, and chlorine analyzers, with reagents, calibration standards and training provided.
• Process Pumps and Valves API process pumps, control valves, safety relief valves, and instrumentation for fluid motion and control in process streams, with more than 150 process pumps and over 500 control valves installed in the last decade.
• Filters and Separation Systems Filtration, separation, and purification technologies for air, fluids, and water treatment in industrial applications, including landfill solutions for gas, leachate, and odor control delivered in partnership with Hofstetter AG of Switzerland.
• Safety and Security Systems Comprehensive safety and security portfolio including fire alarm systems (panels, detectors, call points, video-based fire detection), wet and dry pipe sprinkler fire extinguishers, gas detection, video surveillance systems, access control, and intrusion alarm systems for industrial sites.
• Design, Implementation and Testing Services End-to-end engineering services including overall design, sample handling system design, system integration planning, system components manufacturing, third-party equipment procurement, complete system integration, and electronics/quality testing of process analytics systems.
• Installation, Commissioning and Startup Services On-site services covering supervision of installation with technical support, project data integration, loop and parameter verification, tuning, site acceptance testing, and documentation for analyzer systems and visualization systems for combustion processes.
• Maintenance, Technical Support and Upgrade Services Scheduled and emergency maintenance, initial and on-the-job training, emergency spare parts support, service contracts, custom support agreements, and system upgrades for own and third-party systems, including tank and terminal automation services with Honeywell Enraf.

Quantifiable outcome

• More than 100 analyzers and systems implemented on turnkey basis
• +5 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• SICK GmbHcoreTechnology or Integration · 23 April 2024Petroprocess hosted a SICK DAY EVENT at Hotel Zira Belgrade, organizing presentations and Q&A discussions with SICK GmbH for customers, clients, partners and interested parties. The event was well-received by engineers from the whole region. SICK GmbH is a global leading manufacturer of sensor technology and industrial automation solutions.
• Honeywell EnrafcoreTechnology or IntegrationLong-term cooperation with Honeywell Enraf, a leader in development and manufacturing of precise instrumentation and software systems for inventory management and tank terminal operations. Petroprocess is an authorized service and solution provider with over 10 years of experience, offering wide range of products and services for tank and terminal automation.
• Hofstetter AG (Switzerland)minorStrategic or Co-development PartnerCooperation with Swiss company Hofstetter AG for landfill solutions including landfill gas, leachate and odor control. Petroprocess offers solutions and equipment for landfills within the filtration and separation sector.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Thermo Fisher Scientific: Global analytical instruments manufacturer with process gas chromatography, FT-IR/NIR, and spectroscopy used in the same refinery/chemical/power applications Petroprocess addresses.
• Endress+Hauser: Global leader in industrial process measurement instrumentation, including process analytics and liquid/gas analysis. Overlaps with Petroprocess's analyzer house, sample conditioning, and process gas chromatography offering.
• ABB Process Automation: Global process automation and industrial analytics provider serving power, metals, chemicals, and refining. Overlaps with Petroprocess's combustion control, CEMS, and process analytics scope at much larger scale.
• Emerson Automation Solutions: Process automation major with a deep portfolio in measurement, analytical instrumentation, valves, and process control. Competes with Petroprocess's integrated turnkey analytical and control valve offering at global scale.
• SICK AG: Global sensor and industrial automation leader and Petroprocess's named technology partner. Operates a far broader portfolio (sensors, safety, automation) but directly overlaps in gas analysis and emissions monitoring.
• Yokogawa Electric: Process automation and industrial analytics provider with strong presence in oil & gas, chemicals, and power. Competes with Petroprocess in distributed control, process analytics, and emissions monitoring.
• Honeywell Process Solutions: Process automation and tank/terminal automation major; Honeywell Enraf is already a named Petroprocess partner. Comparable in tank gauging, control, and process analytics, with a vastly broader global footprint.

Direct peers

• Codel International: UK-based specialist in continuous emissions monitoring systems for industrial stacks and process monitoring. Closely comparable CEMS-led offering serving similar refinery, power, and cement end markets.
• AMETEK Land: Combustion monitoring, infrared thermography, and emissions monitoring instruments for power, steel, and process industries. Directly competes in the video-thermography and combustion analytics niche Petroprocess serves.
• Durag Group: German specialist in CEMS, combustion analysis, and process analytics with globally comparable technology stack. Highly overlapping product offering with Petroprocess's core CEMS and combustion/flame analysis business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Customer concentration

• Facebookfacebook.com/Petroprocess
• LinkedInlinkedin.com/company/petroprocess-doo

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petroprocess doo