EC 928-294-4
chemXplore tracks 6 projects producing bitumen, of which 2 are active.
Of the active ones, 2 revamp / retrofit.
Around 40 analytical instruments installed across refinery and petrochemical labs to boost precision testing, digital workflows and capacity for fuels, solvents, bitumen and polymers.
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.
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