The Deputy for Planning and Business of Persian Gulf Petrochemical
Industries Company underscored the company's readiness for the official
unveiling of the project. With the production plan already achieving 40 to 50
percent of its designated capacity in the second half of this year, sales
estimates soar to approximately $300 million.
During a press conference held on Tuesday, July 11, Hassan Neshanzadeh
Moghadam, speaking about the Gachsaran Petrochemical Project, highlighted the
city of Gachsaran as one of Iran's oil hubs, hosting the region's inaugural oil
well back in 1939. Gachsaran, well-versed in the intricacies of the oil and gas
industry, boasts a state-of-the-art industrial petrochemical complex.
Presently, the Gachsaran Petrochemical Project, situated in the province of
Kohgiluyeh and Boyer-Ahmad, is on the cusp of its final operational stages,
becoming the region's foremost industrial facility.
The elevation of Persian Gulf Petrochemical Industries Company's
status and the realization of development plans within the fifth and sixth
development programs stand among the Persian Gulf Holding Company's core
objectives. The company's roadmap encompasses the completion of
semi-implemented projects and the activation of idle capacities within its
subsidiary complexes.
Elaborating further, Neshanzadeh expounded on Persian Gulf Holding
Company's diverse plans to gather associated gases and preserve natural gas
liquids (NGL) units in the oil-rich areas of Khuzestan province, spanning both
the eastern and western regions of Karoun. An optimistic outlook anticipates
the supply of a portion of the requisite feedstock for Bandar Imam
Petrochemical Complex and Bidboland Refinery in the Persian Gulf within the
next two years.
Among Persian Gulf Holding's semi-implemented plans, the completion of
Hoveizeh Gas Refinery earlier this year has been realized after enduring
numerous challenges. This refinery currently supplies Bandar Imam Petrochemical
Complex and C5+ Petrochemical Company in Ilam with 25 to 30 tons of feedstock
per hour.
The successful completion of the Gachsaran Petrochemical Project,
following 19 years since the issuance of its license, aligns with the strategic
objective of completing the value chain and harnessing the potential of
associated gases. The Persian Gulf Holding Company regards this achievement as
a critical mission. Challenges over the past five years, including shareholder
composition, managerial changes, contractor diversity, financial resources, and
sanctions, have been surmounted in the implementation of the Gachsaran
Petrochemical Project.
Comprising an array of meticulously planned projects, the Gachsaran
Petrochemical Project aims to receive 1.25 million tons of ethane from the
Bidboland Refinery, synchronizing with the completion of the value chain,
reducing crude oil sales, and supplying feedstock to downstream complexes such
as Masjed Soleyman, Dehdez, Borujen, Kazeroon, and Gachsaran Polymer. This
project stands as a testament to Iran's commitment to domestic sourcing, with
83 percent of its requirements in mechanical, electrical, catalyst, chemical
materials, and other equipment sectors being fulfilled domestically. Notably, this
marks the first instance of furnace burners being manufactured domestically
within a domestic unit.
Throughout its construction phase, the Gachsaran Petrochemical Project
has generated direct employment opportunities for over 3,000 individuals. Upon
commencing operations, the facility is expected to employ approximately 1,000
individuals directly and provide indirect employment for up to three times that
number.
Prioritizing the alignment of the petrochemical industry with regional
climate conditions and environmental conservation, the Persian Gulf Holding
Company has successfully implemented one of the most advanced industrial
wastewater treatment systems as part of the Gachsaran Petrochemical Project.
With an annual production capacity of one million tons of ethylene and
83,000 tons of C3+, the Gachsaran Petrochemical Project will annually receive
1.25 million tons of feedstock from the Bidboland Refinery through a
90-kilometer pipeline. The required water supply for this complex is
facilitated through the Kowsar Dam.
Reflecting on Persian Gulf Holding's production growth, which reached
an additional one million tons in 1401 compared to 1400, total sales for the
holding rose from 256 trillion tomans in 1400 to 460 trillion tomans in 1401.
The Deputy for Planning and Business of Persian Gulf Petrochemical
Industries Company concluded by reaffirming that the Gachsaran Petrochemical
Project has achieved around 40 to 50 percent of its designated capacity in the
second half of this year. With such production levels, estimated sales are
anticipated to reach approximately $300 million.
Furthermore, Neshanzadeh highlighted a 3.5 percent increase in Persian
Gulf Holding's three-month production at the start of 1402 compared to the
corresponding period of the previous year.
While the downstream petrochemical units of the Gachsaran
Petrochemical Project are still under construction to receive feedstock, the
complex's products are not limited to domestic consumption. In addition to
injecting ethylene into the West Ethylene Pipeline, the complex has inked an
ethylene export contract, positioning itself as a significant contributor to
Iran's petrochemical exports.