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Iran to Launch Major Urea, Ammonia Project

 Iran to Launch Major Urea, Ammonia Project

Tuesday، 04 September 2018 | Article Rating

TEHRAN (Shana) -- Iran is to launch Phase III of Pardis Petrochemical Plant which accounts for 65 percent of the country's ammonia and urea exports.

 

According to the plant's managing director Hossein Shahryari who was addressing a press conference on Monday, Pardis Petrochemical Complex is the largest supplier of ammonia and urea in Iran and the Middle East and its Phase III will be inaugurated today (Tuesday, September 04, 2018) by Iranian President Hassan Rouhani.

The plant, when operating at full tilt, can supply 2.04 million tons of ammonia and 3.22 million tons of urea annually, he said.

700,000 tons of the urea is consumed domestically and the rest (2.5 mt) is exported to Europe, Argentina, Brazil and South American countries.

Financed by 502 million euros, the construction project of phase III of the plant began in 2011 and it was pre-commissioned back in October 2017.

The managing director of Pardis Petrochemical Company said the share of the domestic companies in developing the projects was 51%, and continued: "The project has created 646 direct and 1,200 indirect jobs."

Phase III of the plant is developed for production of 1,755 million tons of urea and ammonia annually of which 1.15 mt will be exported and the rest consumed domestically.

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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.​

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  • Iran to Launch Major Urea, Ammonia Project
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