Iran Petchem Industry Ready for Foreign Investment

Kavian, Symbol of Self-Sufficiency

Kavian Petrochemical Plant is tasked with supplying feedstock to affiliates of Bakhtar Petrochemical Co. The plants run by Bakhtar are located on the route of West Ethylene Pipeline. Kavian’s main product is two million tons a year of ethylene.

The first phase of this complex came on-stream in 2012 and the second phase is set to be launched soon.

Ramezan Owladi, CEO of Kavian Petrochemical Plant, says this facility is currently facing feedstock shortage that would be compensated with the operation of new phases of South Pars. After that, the plant could run at full capacity.

Based on coordination made with the National Iranian Oil Company (NIOC), with the delivery of ethane produced in phases 15 to 18 of South Pars to Kavian Petrochemical Plant, the capacity of this facility will reach 2 million tons next year.

Morvarid, Large MEG Unit

Morvarid Petrochemical Plant is another facility in Assaluyeh. Among the projects in the second phase of Assaluyeh is the construction of monoethylene glycol (MEG) unit.

Located in the proximity of the ethylene unit of this complex, this unit is one of the largest MEG units in the world. With an annual production capacity of 500,000 tons of MEG, 50,000 tons of diethylene glycol and 3,400 tons of triethylene glycol, it will come on-stream in the first half of the next calendar year that starts on March 21.

Gholam-Reza Jowkar, CEO of Morvarid Petrochemical Plant, has said that this project is estimated to cost 227 million Euros. Royal Dutch Shell is to provide technology for this facility.

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