Bandar Imam Petrochemical Company in Mahshahr, Khuzestan Province, has made long-term plans to complete the value chain of olefin, chlorine and aromatic compounds for producing goods that currently have to be imported, the managing director of BIPC said.
“The company is now producing 31 items, which will reach 40 in five years,” Sepahdar Ansarinik was also quoted as saying by the Oil Ministry’s news website Shana.
BIPC’s output has increased by 400,000 tons over the last four years, he added, noting that there have been no major disruptions in feedstock supplies in the period.
“The firm will invest in oil and gas fields for procuring sustainable feed to increase its output and profit in the next five years. A total investment of $2 billion will be made in the projects to raise the production by 3 million tons and the income to $2.5 billion from the current $1.5 billion,” he said.
As one of the companies that plays an important role in the country's economy, BIPC employs 8,000 workers in 16 factories.
The complex sells its products in domestic and foreign markets. It recently completed studies to develop its polyvinyl chloride (PVC) unit by completing the chlorine value chain.
There is an annual excess of 140,000 tons of ethylene dichloride (EDC), an important feedstock to produce vinylchloride monomer. The company sold the surplus EDC in the past, but studies show that it can be converted to PVC, a more value-added commodity that can help boost the company’s export revenues.
The PVC development plans will double BIPC’s annual output of 200,000 tons. With the implementation of these plans within two years, in addition to meeting the needs of domestic industries, the surplus will be exported.
BIPC is located on 270 hectares on the northwestern coast of the Persian Gulf in Mahshahr.
Founded in 1973, it has become one of the largest petrochemical complexes in the Middle East.
With a long history of producing high-quality products and investing in innovation and sustainability, BIPC produces a wide range of petrochemical products, including ethylene, propylene, polyethylene and polypropylene.
