Pardis Petrochemical Company in Bushehr Province sold 3.42 million tons of urea and ammonia in the last fiscal year (September 2021-22), which was 12% higher than in the previous year, managing director of the company said.
“The company produced more than 3 million tons of urea and 2 million tons of ammonia during the period,” the Oil Ministry’s news service Shana also quoted Gholamreza Jamshidi as saying.
“The company sold over $1 billion worth of products last year both to local and foreign markets, showing an increase of 119% compared to the previous fiscal year,” he added.
Regarding the company’s exports, the managing director said the volume of total exports had an 11% growth and their revenues were 289% more than the previous year due to higher prices.
“An estimated 180 million tons of urea are produced annually in the world, of which 52.4 million tons are exported. China, India and the United States were the largest producers of urea in the world in 2021. Iran, as the largest producer of the product in the Middle East and North Africa, is ranked sixth in the world,” he added.
According to Jamshidi, Brazil, India and the United States were major importers of urea respectively in 2021 while China, India and the US were the top three consumers of the world's urea in the same year.
“Brazil, Turkey and European countries were the largest customers of Pardis Petrochemical Company's urea in the last financial year,” he said.
“Since the company’s establishment in 2007, it has produced more than 19.9 million tons of ammonia and 29.3 million tons of urea,” he said.
Pars Special Zone
Located in Pars Special Economic Energy Zone in the city of Asalouyeh, 270 km southeast of Bushehr Port, Pardis Petrochemical Company has one of the biggest urea and ammonia plants in the Middle East, producing over 3.22 million tons of urea and more than 2.04 million tons of ammonia annually.
A portion of the plant’s products is used inside the country and the rest is sold to foreign companies.
The domestic consumption of the plant’s urea amounts to 700,000 tons, while 2.5 million tons are exported to foreign customers.
Urea and ammonia form the building block of many products, including plastics, textiles, pesticides, fertilizers and resin products.
Urea is widely used in Iran and the world as a nitrogen supply for a group of plants, including wheat, barley, sunflower and sugarbeet.
About 150 million tons of urea are used in the world annually, with the figure reaching 2 million tons in Iran.
Iran is self-sufficient in urea production. In two years, urea output is expected to reach 15 million tons per annum from the current 7.5 million tons with the launch of several new plants.
Ammonia is used mainly in the production of fertilizers and chemicals like ammonium nitrate, ammonium sulfate, mono ammonium phosphate, diammonium phosphate and urea.
The country plans to add 8.5 million tons per year to its ammonia output by 2026 with 20 new plants.
