Chimcomplex will pay 8.2 million euros for a package of assets put up for auction by CET Govora, a company in judicial reorganization. Chimcomplex will take over the 110 kV connection power station, equipment and installations for the production of demineralized and softened water, the natural gas connection to the network, the coal depot, buildings and land.

“For sustainable development, Chimcomplex needs a balance between operational efficiency and energy efficiency,” Victor Avram, Chimcomplex’ Chief Operating Officer, said in a press release. “It is a strategic investment, with a good potential both for the company and for the local community in Rm. Vâlcea.”

In the short and medium term, from an operational point of view, management efforts will focus on modernizing existing facilities as well as building new high-efficiency cogeneration capacities based on natural gas.

“The capacities considered must cover the consumption of electricity and heat on the industrial platform and we hope, in collaboration with local authorities and the heating needs of the city,” said Victor Avram.

The company’s priority investments in the energy field will focus in the coming years on improving performance. In this regard, the company intends to implement complex solutions that include high-efficiency gas turbines, photovoltaic parks and energy production through hydrogen, the requirement in European directives to reduce the impact of carbon dioxide emissions.

Chimcomplex is the leading manufacturer and supplier of vital chemicals in the region, specializing in polyols, chlorosodium and Oxo-Alcohols. It is a strategic company for the Romanian economy, the largest chemical plant with 2 industrial platforms in Onești and Râmnicu Vâlcea. Chimcomplex is a chemical company with a long tradition, which develops quality products for a better life and a sustainable future. In 2020 Chimcomplex reported a turnover of 1.2 billion lei and in the first 9 months of 2021 the company reported a turnover of 1.7 billion lei.