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Private chemical plant opens in Iran's Markazi province.

By Abdul Kerimkhanov

A private company opened a chemical plant in Iran's Markazi province to produce ammonium hydroxide dimethyl carbonate on February 3.

The production of ammonium dimethyl carbonate hydroxide was launched in Iran for the first time.

The unit was launched simultaneously with the 10-day celebration of the 40th anniversary of the 1979 Islamic Revolution in Iran.

The private sector has invested $ 1.9 million in the construction of this chemical plant, whose nominal capacity is 14,000 tons.

Located 33 km west of Arak, the central city of the province of Markazi, the unit created 30 direct and 500 indirect jobs.

Ammonium hydroxide dimethyl carbonate is used as a solvent in the glue and paint and varnish industry.

In addition, to commemorate the 40th anniversary of the Islamic Revolution victory, the National Iranian Oil Refining and Distribution Company (NIORDC) announced that it would launch 20 projects worth $ 1.82 billion this month.

According to the Iranian Oil Ministry, these projects include the launch of the third phase of a gas condensate production unit at the Star of Persian Gulf refinery. In addition, it includes a plan to increase gasoline production capacities at the Bandar Abbas refinery's company, and a plan to improve product quality, desulfurization of diesel fuel produced at the refinery in Tabriz and other cities.

Other projects include a 20-inch 430-kilometer pipeline running through central Iran (Nain, Kashan and Rey) for pumping by-products of oil, another pipeline for transferring 240,000 barrels of oil products per day from Abadan, in south-western Iran, to Tehran and the third unit for the distillation and production of liquefied gas at the Isfahan refinery.

As soon as the third phase of the gas condensate production plant at the Gulf Star Refinery is launched, the production of Iranian Euro 5 gasoline will increase by 12 million liters.

The construction of the 20-inch Nain-Kashan-Ray pipeline began in 2012. Upon completion, it will ship petroleum products from the Persian Gulf Star oil refineries and the Bandar Abbas refinery, as well as imported petroleum products to central and northern Iran.

This pipeline will help increase Iran's ability to transship oil products and imported oil products by 150,000 barrels per day and 200,000 barrels per day,

After completing the desulfurization project at the Tabriz oil refinery, the company will be able to produce 30,000 barrels of gasoline per day of Euro 4 and Euro 5 standards. The project started in 2014.

Petrochemical products make up the largest volume in the statistical tablet of Iranian non-oil products export, which is more than 40 percent of the total non-oil export of the country.

Iran exports its petrochemical products to several dozen countries in different parts of the world. As many as 13 percent of products are exported to the Indian subcontinent, 23 percent to the Southeast Asia countries, 22 percent to the China, 18 percent to the countries of the Far East, 5 percent to Europe and 19 percent to the Middle East.

Despite the sanctions imposed against the export of Iranian oil, and consistently, the decline in oil exports, the sanctions imposed did not affect the export of petrochemical products.

During the period of sanctions, one of the resources of Iran's foreign exchange earnings was the petrochemical industry. The Iranian petrochemical industry has a variety of properties that attract Iranian and foreign investors. The most important feature of the industry is the presence of rich oil and gas resources to provide the necessary raw materials from the petrochemicals production.

Iran ranks 4th in the world in terms of oil resources and uses the second largest gas reserves in the world.

An important feature of Iran's petrochemical industry is country'sexcellent geographical location and good access to Asian and European markets, as well as free seas, which makes it easier and cheaper to export and transport.

Iran is the only state in the Middle East that produces a large amount of necessary equipment for the petrochemical industry on its territory.

Abdul Kerimkhanov is AzerNews' staff journalist, follow him on Twitter:@AbdulKerim94
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Publication:Azer News (Baku, Azerbaijan)
Geographic Code:7IRAN
Date:Feb 4, 2019
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