Hassan Abbaszadeh, who is NPC’s director of planning and
development, said the projects were aimed at completing the value chain and
diversity the petrochemical portfolio of five chains of propylene, methanol,
ethylene, benzene and urea.
He said that currently the average price of final
petrochemical products is $500 per ton, adding: "The development of these
five chains will lead to the production of more valuable products, the price of
which is about $1,500 per ton."
Currently, the production capacity of polymers in the
petrochemical industry is 9 million tons per year in Iran which is planned to
reach 20 million tons by 2025.
He stated that construction of the three megaprojects would
begin in the near future, adding Hormuz Persian Gulf Petrochemical Company
would be developed with an annual capacity of 5.8 million tons with an
investment of about $4.5 billion with ethane and butane as its feedstock. The
plant will produce polyethylene and polypropylene.
The official added that another project would be Vista
Energy Arghavan in Assaluyeh to be fed by ethane and butane with an investment
of $1.6 billion; the plant will have an annual production capacity of 1.8
million tons.
The third project is the aromatic olefin project of Aria
Oil and Gas Company, a subsidiary of the Persian Gulf Petrochemical Industries
Company (PGPIC) with naphtha and ethane as its feed with an investment of $4.8
billion; the plant will have an annual production capacity of 4.8 million tons,
he added.