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President Launches Lordegan Petchem Plant

President Launches Lordegan Petchem Plant
(Saturday, November 28, 2020) 15:23

TEHRAN (NIPNA) – Iranian President Hassan Rouhani inaugurated Lordegan Petrochemical Plant via video conference on Thursday, November 26, 2020.

A ceremony was held here in Tehran on Thursday to officially launch the project in the presence of Dr. Rouhani and Minister of Petroleum Bijan Zangeneh.

The project will generate roughly $240 million for the country annually.

It has been built with the aim of producing 1.075 million tons of urea and 677,000 tons of ammonia per year, of which about 600,000 tons is used to produce urea in the complex.

The facility is fed by natural gas from the national gas distribution network. It consumes 320 million cubic meters of natural gas as fuel and 429 million cubic meters of natural gas as feedstock annually.

Most of the products of this complex will be for export and its first chemical shipment will be exported next month.

Lordegan Petrochemical Plant was built with an investment of 754 million Euros and 11,230 billion Rials, and it would generate an annual revenue of roughly 240 million dollars. The plant is planned to reach full production tilt by the end of the current Iranian calendar year to March 20, 2021.

The commissioning of the plant was carried out completely by relying on domestic forces despite the US sanctions on the country.

Due to the 500 million euro financing of the unit by China, it was necessary for the company to purchase part of the equipment from this country, but despite this, most of the equipment was supplied from domestic manufacturers and over 60% of the equipment used in the plant was provided by Iranian suppliers.

Construction of the unit generated 2,800 direct and 450 indirect jobs in the western province of Chaharmahal and Bakhtiari. When fully operational, it will create 700 direct and 1,500 indirect jobs.

Lordegan Petrochemical Company was built on a 100-hectare land in the Felard County of Lordegan City in the Chaharmahal and Bakhtiari province, and Iranian Investment Petrochemical Group (Petrol) is the main stockholder of the company.

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