Press Release: HELM AG to market Propylene for Rosneft Deutschland GmbH
From January 1st, 2019 HELM will market a major share of propylene produced at the German refineries PCK Schwedt, MiRO Karlsruhe and Bayern Oil Vohburg.
Hamburg – Berlin, Germany, 29 June 2018
Rosneft Deutschland, a Rosneft subsidiary, has a significant shareholding in these companies, which are among the most modern refineries in Europe.
Propylene is used in the chemicals industry in various products including polypropylene, oxo-alcohols and acrylic acid.
Rosneft Deutschland Managing Director Brian Chesterman said: “We look forward to the cooperation with HELM in our marketing and sales business. Arranging distribution of petrochemical products from PCK, Bayernoil and MiRO refineries is another step in the development of the Company’s business activities in Germany.”
HELM AG Executive Manager Feedstocks Fried Hansen commented: “I am very pleased with this collaboration. Thanks to our extensive network of customers and suppliers as well as our highly efficient logistics we are able to off-take and market propylene reliably.”
About Rosneft Deutschland
Rosneft Deutschland GmbH manages feedstock supplies to Rosneft shares in PCK, MiRO and Bayernoil refineries as well as sales of refined products. Rosneft is the third largest crude oil refiner in the German market with a total refining throughput of approximately 12.5 million tons per year, representing more than 12% of the processing capacity in Germany. The three German refineries that Rosneft has a share in are amongst the most advanced refinery facilities in Western Europe. The average conversion rate of Rosneft‘s capacities in Germany is 93%, average Nelson complexity index is 9.1.Rosneft maintains the competitive position of its refineries by enhancing product yields and continually investing to increase reliability and efficiency. The company is developing its activities in order to be a reliable and competitive supplier of quality fuels in the German market.
HELM AG is a Hamburg, Germany based family company established in 1900. HELM is one of the world’s largest chemicals marketing companies. The Company secures access to the world’s key markets through its specific regional knowledge and over 100 branches, sales offices and participations in over 30 countries. As a multifunctional marketing organization HELM is active in the chemicals industry (Feedstocks and Derivatives), in the crop protection industry, in active pharmaceutical ingredients, pharmaceuticals and in the fertilizer industry. HELM AG has a total of 1,521 employees.