AGTPC stores over 5 mcm Petchems in 2022

AGTPC stores over 5 mcm Petchems in 2022
(Sunday, July 9, 2023) 02:04

TEHRAN (NIPNA) -- The CEO of Assaluyeh Green Tanks Petrochemical Company announced that the company stored and transferred more than 5 million cubic meters of petrochemical products to the export terminal for loading and exporting in 2021.

The annual ordinary general assembly of AGTPC was held on Sunday, in the meeting hall of Shastan Investment Company.

Mohammad Reza Yazdani, the CEO of AGTPC, said: "In the petrochemical industry roadmap, AGTPC is the executor of the centralized storage and transfer project of petrochemical products of the second phase of petrochemicals in the Pars Special Economic Energy Zone to the export port. The 47-hectare area of this complex will ultimately have 48 tanks with a storage capacity of more than 1.2 million cubic meters of product. On the sidelines of this meeting, Mohammad Reza Yazdani, the CEO of AGTPC, explained a summary of the operational performance of this company in 2021 for the public relations reporter of Shastan and the most important ones are reported:

Yazdani, referring to the opening of nine tanks in February 2022 and increasing the storage capacity of petrochemical products by more than two times, said: "The existence of sufficient storage space for the product gives confidence to the producing companies that in case of disruption in loading and exporting, they can continue to produce and store products in green tanks without interruption. This action strengthened the strategic position of Green Tanks Company in the petrochemical industry and also made Shastan's role as one of the investors and main players in the petrochemical industry more prominent and deeper than before.

He also announced a 10% increase in the amount of stored product in 2022 compared to 2021, and said: "In total, Green Tanks Petrochemical Company stored and transferred more than 5 million cubic meters of petrochemical products produced in the country to the terminal for loading and exporting in 2021. Methanol accounted for 54%, LPG for 35% and ethylene glycol for 11% of these products and we are also providing services with 22 tanks in the new year. Two ethylene glycol tanks of Bushehr Petrochemical Company and two methanol tanks of Apadana are also under construction according to the physical progress of production units.

The CEO of Green Tanks concluded by recalling the memorandum of understanding signed at the 27th Oil, Gas, Refining and Petrochemical Exhibition and said about expanding services: "Because we have the necessary infrastructure to provide storage services in this company, we have plans to expand the market according to the needs of the region and country. We are pursuing them to provide more service to the country's economy in addition to making maximum use of the created capacity.

The first phase of Green Tanks Petrochemical Company was completed with 13 tanks with a capacity of 361 thousand cubic meters during 2015-2019 and in February 2022, with the operation of nine tanks of phase two, the total storage capacity of petrochemical products in this company's tanks increased from 361 thousand cubic meters to 775 thousand cubic meters. The amount of investment made in phases one and two has reached more than $350 million.

Various types of liquid and gaseous products produced by petrochemical complexes in phase two Asaluyeh are stored and stored in this company's tanks; Methanol, propane, butane, various types of ethylene glycol products, light naphtha, ethylene, butadiene, styrene monomer, propylene, normal and iso butanol and diethylhexanol are types of products that are stored with capacities required and based on production from 6 thousand to 720,000 cubic meters in this company's tanks. Currently, petrochemical companies Morvarid, Marjan, Bushehr, Kima Pars Middle East, Sabalan and Pars Glycol use this company's services.

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