Iranian Investment Petrochemical Group will expand its operations and help complete the value chain of petrochemical products, the managing director, Rasoul Ashrafzadeh, said Saturday.
Founded in 2011 in Tehran, the company is a subsidiary of the Persian Gulf Petrochemical Industries Company and currently has five projects underway in different regions, the National Petrochemical Company news website Nipna reported.
One of the projects relates to boosting output of Ilam Petrochemical Complex in the western Ilam Province.
“Construction of two olefin production plants and a sulfur recycling unit here is expected to end by next fall,” Ashrafzadeh said.
Upon completion, ethylene production capacity in the complex will reach 450,000 tons per annum.
Ilam Petrochemical Company manufactures a wide range of quality products, of which 80% are exported.
Ethylene is the building block for a vast range of chemicals, from plastics to antifreeze solutions and solvents, and is also used for ripening fruits.
Construction of Lordegan Petrochemical Company in the western Chaharmahal and Bakhtiari Province has shown 96% progress and is also expected to come on stream by fall, Ashrafzadeh added.
The ammonia unit will produce 2,050 tons and its urea unit 3,250 tons per day.
Ammonia is used in the production of liquid fertilizer solutions. Urea is mainly used as fertilizer in agriculture and as raw material by other industries.
Constructing the Gachsaran Petrochemical Company in Kohgiluyeh and Boyer-Ahmad Province is another project of the Iranian Investment Petrochemical Group. It has registered 60% progress and upon completion will produce 1 million tons of olefin per annum.
Two other projects include construction of Sadaf Petrochemical Company in Asalouyeh, which is almost halfway through, and the Dehdasht Petrochemical Complex in Kohgiluyeh and Boyer-Ahmad Province, which is reportedly awaiting funds from Iranian and Chinese sources.
