Iran 9th Largest Supplier of Potassium Sulfate

Iran 9th Largest Supplier of Potassium Sulfate
(Thursday, December 24, 2020) 22:59

TEHRAN (NIPNA) – Iran has launched a major petrochemical project which brings its global ranking in potassium sulfate production to 9th from previously 12th.

The unit is built at Urmia Petrochemical Plant by finances from the Iranian Investment Petrochemical Group Company (IIPGC), a subsidiary of the Persian Gulf Petrochemical Industries Company (PGPIC).

The CEO of IIPGC, who addressed a virtual ceremony to launch the potassium sulfate unit of Urmia Petrochemical Plant on Thursday, said development of complementary industries and construction of downstream parks to complete the value chain, as well as preventing the import of certain items, production boom, especially in less developed areas, are some of the goals pursued by the Persian Gulf Petrochemical Industries Company (PGPIC).

Rasoul Ashrafzadeh added that IIPGC has four downstream parks under way with a production capacity of 3,500,000 tons per year.

He said: "The three projects of Lordegan Petrochemical Plant, the second phase of Ilam Petrochemical Plant and the potassium sulfate unit of Urmia belonged to this company which have come on stream in the current calendar year (which began on March 21).”

The official also said that the projects were developed with over 2.5 million tons of production capacity per year.

He further added that the potassium sulfate unit of Urmia Petrochemical Plant was built with 585 billion Iranian rials of investment and is expected to generate 4,650 billion Iranian rials in revenue annually.

Ashrafzadeh noted that potassium sulfate products are valuable and are used in such industries as chemical fertilizers, laboratory materials and catalysts.

The unit has created 50 direct and 230 indirect jobs.  

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