News Code: 2837

Date of Release: 2018-09-04

Iran inaugurates $1.85 billion worth of petrochemical projects

President Hassan Rouhani on Tuesday inaugurated the operation of a project creating 3.4m metric tons per year (mt/y) of new methanol, urea and ammonia capacity at a cost of $1.85 billion. The projects are Marjan Methanol’s 1.65 million mt/year unit, along with 1.75 million mt/y urea and ammonia unit of Pardis Petrochemical Complex in Iran’s […]

President Hassan Rouhani on Tuesday inaugurated the operation of a project creating 3.4m metric tons per year (mt/y) of new methanol, urea and ammonia capacity at a cost of $1.85 billion.

The projects are Marjan Methanol’s 1.65 million mt/year unit, along with 1.75 million mt/y urea and ammonia unit of Pardis Petrochemical Complex in Iran’s energy hub of Assaluyeh.

“The country’s petrochemical and polymer production capacity is currently around 62.15 m mt/year. With the inauguration of Pardis and Marjan petrochemical plants, this capacity will pass 65.55 million mt/year,” said Reza Norouzzadeh, managing director of National Petrochemical Company.

A third project to generate 648 megawatts of power also became operational. Phase One of Damavand Petrochemical Utility Plant will provide electricity to 12 petrochemical facilities on top of 780 metric tons of steam, Shana said.

The 12-turbine Damavand plant is being developed in three phases with the ultimate capacity to generate 1,900 MW of power plus industrial water, oxygen, steam and wastewater treatment for petrochemical units.

Pardis Petrochemical Plant also got its third urea and ammonia unit up and running, making the 5.26m mt/y facility the biggest producer of the molecules in the world, according to Shana.

Addressing the ceremony, President Rouhani said the launch of the petrochemical projects in one day shows that Iran can “overcome all problems and the enemies will not be able to stop the Iranian nation’s path to progress.”

“Putting these projects into operation is a great step toward employment for the youth, self-sufficiency… and bringing more forex into the country.”

Rouhani suggested that the United States is trying to pressure Iran through sanctions, though he did not explicitly name the US.

“The enemy says ‘I want an Iran that’s in my control, that’s in my fist,’” Rouhani said. “This is impossible…They want to pull us back 40 years, to surrender.”

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