Bid Boland Gas Refinery in the southwestern Khuzestan Province will go on stream by 2020, the managing director said Tuesday.
Construction of the refinery, which is near the final phase, will not only help feed petrochemical plants in southern regions but also supply 48 million cubic meters of natural gas per day to the national gas network, ILNA reported Mahmoud Amin-Nejad as saying.
“Output will equal gas produced by two standard phases of South Pars, Iran's mega gas field in the Persian Gulf that is being developed in 24 phases,” he added.
It will also provide feedstock for five ethylene production units via the Dena ethylene conduit.
With a $3 billion investment, Bid Boland will have an annual production capacity of 10.4 million tons of methane, 1.5 million tons ethane, 1 million tons propane, 600,000 tons gas condensates and 500,000 tons butane.
Four companies are involved in constructing the gas treatment plant. Costain Group, a British technology- based construction and engineering company, as the leader, has teamed up with Spanish construction giant Dragados and Iranian companies Sazeh and Jahanpars for the project.
Ethane will be transferred to Gachsaran Petrochemical Plant in Kohgiluye and Boyerahmad Province while propane, butane and gas condensates will go to storage and loading facilities in Mahshahr Loading Facilities in Khuzestan.
Bid Boland is going to be equipped with a modern vapor recovery unit that can collect environmentally-hazardous inside the refining units to be reprocessed or destroyed.
Iran is striving to diversify its economy that is largely dependent on oil export revenue and make better use of its hydrocarbon reserves by producing petrochemicals with higher value-added.
The petrochemical sector is the second-most valuable industry after oil and gas. To boost output, improvement and optimization of petrochemical plants is underway in the provinces.
