26 May 2007 - 17:37
  • News Code: 105605

TEHRAN – Managing director of Borzouyeh Petrochemical Complex (4th aromatic) noted that all units of the complex are conducting test production.

Hamid Reza Rostami told Petroenergy Information Network that Borzouyeh Petrochemical Complex is going through final stages of commissioning and is to be officially inaugurated by the President.

He noted that the first consignment of heavy end of the complex, amounting to 20,000 tons, has been exported and the second consignment, totaling 13,000 tons was also exported last week.

He stated that since petrochemical products of Borzouyeh Petrochemical Complex are destined for exports, its heavy end product has been sold in advance according to finance agreement with foreign companies.

Managing director of Borzouyeh Petrochemical Complex further noted that total investment in the 4th aromatic complex amounts to 624 million dollars (3,043 billion rials) of which 578 million dollars has already been expended.

Borzouyeh Petrochemical Complex has been built over an area of 61 hectares with annual production capacity of 1.28 million tons of aromatic products.

The complex will consume 4.5 million tons gas condensate and 270,000 tons benzene pyrolysis per year as feedstock, which will be supplied by phases 1-3 of South Pars gas field, Jam Petrochemical Complex and other projects.

The complex is owned 76.5 percent by the National Petrochemical Company, 17 percent by Social Security Organization’s Investment Company, and 6.5 percent by Investment Company of State Pension Fund.

The complex will produce a variety of petrochemicals that are precursors for terephthalic acid, dimethyl terephthalate, polyesters, synthetic fibers, pharmaceuticals, pesticides, paints, and phenol.

News Code 105605

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