BAKU, Azerbaijan, February 27. Iran is set to launch a new plant that will process flared gas, which is currently wasted by burning it, in the third month of the next Iranian year (May 21 through June 20, 2024), said Javad Kamari, the executive director of Dehloran Petrochemical Company of Iran, Trend reports.
Kamari said that the NGL-3100 plant, which will process the flared gas, has reached 94 percent completion in 29 months since the current government took office in August 2021. The plant was only 40 percent complete when the government started its term.
He added that the NGL-3100 plant will have the capacity to process 240 million cubic feet (about 6.8 million cubic meters) of gas per day once it is fully operational. Of this amount, 60 million cubic feet (about 1.7 million cubic meters) will be sweet gas, and 160 million cubic feet (about 5.1 million cubic meters) will be sour gas.
The director also said that pipelines are being installed to supply the plant with flared gas from oil fields.
“A 180 km long pipeline from the NGL-3100 plant to the NGL-3200 plant was built. The raw materials produced at NGL-3100 will be transferred to the NGL-3200 plant, where they will be converted into final products,” he said.
Kamari mentioned that Iran’s Oil Industry Pension Fund has invested 1.4 billion euros in NGL plants and related projects. These plants will produce 1.05 million tons of C2+ per year and 400 tons of sulfur per day when they are fully functional. Moreover, the natural gas and gas condensate produced by these plants will be delivered to Iran’s Ministry of Oil.
Reportedly, every day, Iran burns 50 million cubic meters of flare gas. The country is also capturing over 20 million cubic meters of flare gas each day.
Iran’s Oil Industry Pension Fund was founded in 1947 to enhance the welfare of oil industry workers and retirees. The fund began investing in various projects, mainly in the oil, gas and petrochemical fields, in the subsequent years. The fund is currently one of the major investors in the country’s oil, gas and petrochemical sector.
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