Kangan NGL Recovery Plant’s First Phase Comes on Stream

To underpin the sustainable supply of feedstock to petrochemical plants, the first phase of a natural gas liquid (NGL) recovery plant became operational in Kangan Petro Refining Company (KPRC) in Bushehr Province, the head of the company said.
“Costing $1 billion, the processing facility has an annual production capacity of 3.5 million tons of NGLs and will help complete the value chain and development of downstream petrochemical sector,” Hamid Qaderi was also quoted as saying by the Oil Ministry’s news portal on Sunday.
Undertaken by domestic engineers, the venture’s completion took five years, he added.
The project was funded by Ahdaf Investment Firm, a subsidiary of Iran's Oil Pension Fund Investment Company.