The Investment and Development Group of the Persian Gulf Petrochemical Industries Company, also known as Petrol, has launched projects worth $600 million to complete the value chain of the petrochemical industry, managing director of Petrol said.
“When the projects are completed by March 2024, 360,000 tons will be added to the production capacity of Petrol, earning nearly $700 million in revenues annually,” Rashid Qanei was also quoted as saying by the Oil Ministry’s news agency Shana.
Eight projects are being carried out in three petrochemical companies in Urmia, Ilam and Lordegan cities, he added.
The project in Urmia, West Azarbaijan Province, includes the construction of a poly-aluminum chloride (PAC) unit at the Urmia Petrochemical Company, whose product will be used in water treatment and urban and industrial wastewater industry.
The PAC unit will have an annual capacity of 20,000 tons and is expected to be launched in less than a year.
Currently, Iran imports PAC from China, which is of low quality. The unit’s completion will make Iran self-sufficient in its production.
PAC is a water chemical made up of the elements aluminum, oxygen, hydrogen and chlorine. It is a yellow water soluble solid. The chemical has a variety of industrial uses but is primarily used in the processes of flocculation in water treatment industries.
It is one of the most efficient water treatment chemicals widely used in both potable water and wastewater treatment because it provides high coagulation efficiency and has the widest pH and temperature application ranges compared to other water treatment chemicals.
Urmia Petrochemical Company annually produces 190,000 tons of various chemical products, most of which are used inside the country and the surplus is exported to India, Turkey, Pakistan and Iraq.
It produces 4,000 tons per year of melamine crystal, 46,000 tons of ammonium sulfate, 50,000 tons of sulfuric acid, 40,000 tons of potassium and 50,000 tons of hydrochloric acid.
The company is the second largest producer of potassium sulfate in western Iran and the largest producer of melamine crystals in the country with a 25% market share.
Urmia Petrochemical Company is located 30 kilometers southwest of the provincial capital Urmia. The complex has been built on 220 hectares, of which 50 hectares are designated for the industrial division and 170 hectares for wastewater ponds and green space.
Urea, ammonia and sulfuric acid are feedstock delivered to the complex and water is supplied from two wells.
Petrol is an affiliate of the Persian Gulf Petrochemical Industries Company, a public holding company that manages natural gas processing plants and chemical factories, as well as oil and polymer companies.
