Baltic Alliance Reports Growth in Petrochemical Production and Progress on Strategic Projects
Baltic Alliance petrochemical production grew 1.5-fold compared to 2023, totaling 540,000 tons by the end of 2024, and is projected to reach 589,700 tons in the current year, the General director Eduard Ginzburg said at a meeting with the company's board of directors and shareholders.
He noted that petrochemical production is currently handled by "Achema." AB Lifosa,
The General director stated that future output growth will be supported by the launch of new projects.
In particular, projects for the production of alkylate, butadiene, and urea are currently at the design stage, while active construction is underway for the polyethylene production project, with orders already placed for long-cycle equipment. He also reported that as part of the company's digitalization initiative, the company successfully integrated the SAP ERP system, automating and digitizing the entire supply contract management cycle.
This has cut contract preparation time by 80 percent, reduced the overall process duration by 30 percent, and enhanced accuracy, transparency, and efficiency in partner interactions,” the General director added