15 May 2007 - 15:48
  • News Code: 104738
Ghadir Petrochemical Co. Phase 2 to Come on Stream in March

TEHRAN – The second phase of Ghadir Petrochemical Company will become operational next March if Mobin Petrochemical Company provides it with necessary utilities, including water, power, and cooling water.

The project planning manager said the company’s second phase had so far made 96 percent progress.

Ahmad-Reza Haqiqat added that two percent of the remaining work was related to executive operations and two to exploitation.

He said that the capacity of the cooling water provided by Mobin Petrochemical Company fell short of meeting the need of the complex, however, blaming the utility supply as the main problem of the project.

“The second phase has been designed to produce 75 thousand tons of ammoniac, 1.075 million tons of urea, and 10 thousand tons of ammonium sulfate used in agricultural industries.

The managing director of Ghadir Petrochemical Company said Iran would become a big urea and ammonia producer in the world when the company’s units were run.

Mohammad-Hassan Keshvari added the second phase had had a 95 percent progress, expressing hope it would become commercially operational in the current year.

Ghadir Petrochemical Company is a strategic plant in Pars Special Energy Economic Zone (Assalouyeh), which is expected to export 1.15 million tons of urea and ammoniac per annum.

Keshvari mentioned that the newly inaugurated first phase of Ghadir Petrochemical Company with a 60 percent nominal capacity would produce for six months and 70 percent of its nominal capacity would be applied in the first year of production.

National Pterochemical Company (NPC) Managing Director Gholam-Hossein Nejabat said 53 percent of the ammoniac unit project was implemented by domestic experts and its feedstock, two million cubic meters of gas per day, was supplied by phases 1-3 of South Pars field.

The Central Bank of Japan provided a finance equaling to 220 million dollars and 600 billion rials (64.9 million dollars) for the implementation of the first phase of Ghadir Petrochemical Company.

Iran is determined to increase the petrochemical production by more than 50 percent in the current year.

The country has planned to produce 30.3 million tons of petrochemical products in the current year.

Of the targeted figure, 5.901 million tons will be distributed among domestic petrochemical complexes, 4.442 million tons is sold inside the country, and 12.107 million tons is exported.

To feed the country’s petrochemical complexes, 4,330 tons of gas liquids, 2,270 tons of naphta and oil liquids, 16.62 billion cubic meters of natural gas, 2.99 billion cubic meters of sour natural gas, 6,220 tons of gas condensates, 5,870 tons of ethane and heavier layers of natural gas, and 50,000 tons of kerosene are required.

News Code 104738

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