According to the Persian Gulf Petrochemical Industries
Company (PGPIC), A ceremony was held on Saturday to sign the contract in the
presence of the CEOs of the Petrochemical Industries Development Management
Company, Noori Petrochemical Plant and two Iranian companies called Namvaran
The contract is worth 43 million euros and IRR 2,500
billion. Noori Petrochemical Plant supplies 4.5 million tons of petrochemicals
Expressing his happiness over conclusion of a fully Iranian
contract in the year of “production leap,” Safar Ali Babaei, CEO of the
Petrochemical Industries Development Management Company said: "More than
80% of the executive operations and 70% of the equipment supply of this
contract are carried out domestically."
"However, it is hoped that during the project, a major
part of the 30% purchase of non-Iranian goods could be supplied domestically.
This can be done, and in the past, in projects such as Bu Ali Sina,” he added.
Later in the ceremony, Taghi Sanei, CEO of Noori
Petrochemical Plant, referring to the start of the project in 2017, said:
"Since then, necessary preparations have been made for such a day, and
negotiations began with a European company in the post-JCPOA era and the
licenses required for principal engineering were acquired."
He pointed out that the output of this project was to reduce
heavy end sulfur, which is a compound similar to diesel, from 2500 ppm to 50
ppm and 10 ppm according to the customer's request, adding: "Another
achievement of the successful implementation of the project in further phases
is the use of heavy end with 10 ppm for the production of LAB, which is used in
detergents and is more profitable.”