According to the company, shareholders approved a 150% capital
increase sourced from retained earnings during an extraordinary general meeting
on Nov. 24. CEO Mohammadreza Heydarzadeh said the decision ensures stable
financing for Arya Sasol’s critical expansion projects without disrupting
construction schedules.
He said the 300,000-tonne-per-year MD/HDPE unit, now under
construction, is scheduled to come online by late September 2026. The capital
increase, he added, is designed to guarantee timely execution so the project
can begin production without delay.
Capacity Additions to Strengthen Product Balance
Arya Sasol currently produces 1.1 million tonnes of ethylene at its
olefins unit, 375,000 tonnes of LDPE, and 375,000 tonnes of MD/HDPE annually.
Heydarzadeh said the new 300,000-tonne MD/HDPE line will improve the balance of
the company’s product mix, give it more flexibility in target markets, and
create stronger synergies with ethylene feedstock.
He noted that the company’s tenth olefins furnace—designed to
reinforce stable ethylene supply—is nearing start-up, while construction of the
C3-plus separation unit remains underway. Together, these three projects form
the backbone of Arya Sasol’s long-term plan to expand capacity and sustain
profitability.
Additional initiatives, including a seawater supply pipeline, are also
progressing in parallel.
The CEO said the new MD/HDPE unit is expected to deliver an internal
rate of return of 35% and a net present value of 545 trillion rials. The new
furnace and C3-plus unit are likewise aimed at debottlenecking production,
improving value recovery, and strengthening cash flow and margins.
“These are profitable, high-priority projects,” Heydarzadeh said,
adding that the capital increase will help accelerate their completion and
support the company’s broader growth strategy.