TEHRAN (Shana) -- Iran is to witness inauguration of two petrochemical projects in the first half of the current Iranian calendar year which began on March 21, a petrochemical official said.
According to the National Petrochemical Company (NPC), Ali Mohammad Bossaqzadeh said that Kaveh Methanol Plant would be one of the two projects which is currently undergoing its pre-startup phase.
He also said that three units of Bushehr petrochemical plant were operational and the facility would come online in the first half of the current calendar year.
The plant has already started its ethane recovery production and it will become officially operational within the next few months, the official added.
Bossaqzadeh further added that some units of Damavand Utility Plant were also scheduled to come on-stream this calendar year, adding that the plant is the main utility supplier of Phase II of Assaluyeh petrochemical zone.
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Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.