EC 928-294-4
chemXplore tracks 5 projects producing bitumen, of which one is active.
Of the active ones, 1 revamp / retrofit.
Two large refining units (550 KTA IHCD and 850 KTA SDA) will be integrated into the operating Mumbai Refinery to modernise lube base‑stock production and upgrade heavy streams.
Five-tank modernisation increases storage capacity by about 20%, adds specific tank upsizes, and uses hydraulic jacking to reduce working-at-height risk and speed construction.
4.8 MW PV plant with ~9 MWh battery will supply >6,200 MWh/yr for self‑consumption, cut >3,800 tCO2/yr; investment ~27 million lei; completion by 31 Dec 2028.
Consolidated turnover +25% to USD 3.5bn; EBITDA +65% to USD 128.1m and net profit USD 40.4m. Petromidia shifted output toward domestic market; H2 outlook cautious.
Joint venture KBM produced 1.018 MMt in H1; Coastal Zone drilling and reserves expanded; CASPI BITUM upgraded to 1.5 MMtpa refining and 750 Ktpa bitumen output.
Revenue rose 6% to €6,044m and RCO to €1,086m. Strategic acquisitions in North America and Turkey; new 1.25 Mt kiln in France and Padeswood CCS on schedule.
Three agreements cover seismic acquisition, a drilling joint venture, and fuel distribution plus a bitumen manufacturing JV and training.
Q1: EBITDA $27.5M; March shutdown (700+ tasks) completed; Petromidia processed ~1.2Mt, white product yield 83.76%; domestic fuel share 66%; state contribution $577M
PHA biopolymer integrated into asphalt boosts bitumen performance and durability, enables circular supply, replaces fossil components, sequesters ~2 kg CO2/kg polymer, and aids 2030/2050 goals.
MOL to gain control of Serbia's sole refinery, enhancing its Central and Southeastern European market presence. Transaction awaits regulatory approvals, aims for completion by March 2026.
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