Orelen Unipetrol ended operations at its industrial complex in Kolin, Czech Republic, and put the 44.4-hectare site up for sale, the company announced recently. The divestment is part of a broader restructuring plan aimed at shifting the group toward a low- and zero-emission future while addressing macroeconomic challenges.
The move underscores a wider industry trend as European energy and chemical companies optimize portfolios to focus on refining, petrochemicals, energy and sustainability. Non-core assets, particularly in legacy fuels and lubricants, are being repurposed or sold to free capital for investment in low-emission technologies.
The site, which specialized in lubricants and bitumens, ceased production in 2021 after years of declining output.
Kolin is near a main highway and rail routes, with its own railway siding and water source, making it attractive for investors in industry, logistics, or property development.
“We are going through a period of significant change that reflects both our decarbonization strategy and current market conditions,” said Zdenek Jira, Member of the Board of Directors responsible for finance and assets. “For activities not directly linked to our key focus areas, we are seeking new forms of utilization that can add value for the region.”
The city of Kolín has welcomed the decision, noting the company’s long-standing role as a local employer. Mayor Michael Kašpar said the municipality is ready to work with new investors to ensure the site continues to provide jobs and contribute to regional development. The complex, established in 1902, has more than a century of industrial history under various operators.