Iran increasing its petrochemical feedstock capacity by 15 million tons

Oil&Gas Materials 22 May 2019 17:44 (UTC +04:00)

Tehran, Iran, May 22


Some 15 tons of petrochemical feed will be added to Iran's petrochemical industry, if 6 petrochemical plans will become operational, Deputy Minister of Oil on Petrochemical Affairs Behzad Mohammadi said, Trend reports via SHANA.

Mohammadi made the remarks while talking about the Kangan Petro Refining Company project - one of the largest petrochemical feed supply projects.

“There are 6 petrochemical feeds projects in the country, of which there are 3 NGLs plans, including NGL-3130 in the Dehloran area, NGL-3200 in the west of Karun and the other Kharg NGLs,” he said.

He went on to add that the three others are - Kangan Petro Refinery (considered to be the largest feed supply unit), the Persian Gulf Bid Boland Gas Refinery (covering large part of oil fields in the western Karoun region, and supplying the feeds for Gachsaran olefins), and Parsian Sepehr Refinery (receives its own feed from the Parsian refinery).

He went on to say that some $8.3 billion were invested in these six petrochemical feed supply projects.

“Due to these investments, 15 million tons will be added to the petrochemical industry's feedstock,” he added.

He then spoke about the advantages of the Kangan Petro Refinery Project.

"This great and valuable project divided the gas outlet of Phase 12 of the South Pars Oilfield and supplies 3.5 million tons of high value added petrochemical feeds. We hope the Kangan project will be launched by the end of this Iranian year (end on March 21, 2019),” said Mohammadi.