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Gachsaran Petchem Project Inaugurated by Presidential

Gachsaran Petchem Project Inaugurated by Presidential
(Tuesday, July 18, 2023) 22:38

TEHRAN (NIPNA) -- Gachsaran Petrochemical Plant, the most Iranian olefin plant, was officially inaugurated on Monday following a 19-year delay since its approval in 2004.

The project, known as the Olefin Petrochemical Plant, with an investment of approximately €1.3 billion, has an annual production capacity of one million tons of ethylene and 84,000 tons of C3+.

During the opening ceremony attended by President Seyyed Ebrahim Raisi and Minister of Petroleum Javad Owji, President Raisi expressed gratitude to the officials involved in the completion of the entirely Iranian project, stating, "Today, with the opening of this project, we take a valuable step towards employment development, instilling hope in the completion of unfinished projects and promoting production growth."

According to reports, Gachsaran Petrochemical Complex receives 1.25 million tons of ethane gas annually from Bidboland Persian Gulf Gas Refinery through a 90-kilometer pipeline. It produces one million tons of ethylene and 84,000 tons of C3+ (propane and heavier cuts), meeting the feedstock needs of complexes along the West Ethylene Pipeline and other petrochemical complexes in Masjed Soleiman, Dehdasht, Borujen, Kazeroon, and Gachsaran.

Located on approximately 157 hectares of land in Gachsaran, Kohgiluyeh and Boyer-Ahmad Province, the Gachsaran Petrochemical Plant has been constructed with a total estimated cost of 1.3 billion euros. Shareholders of the company include Persian Gulf Petrochemical Industries Company (46.37%), Kazeroon Petrochemical Company (10.80%), Borujen Petrochemical Company (9.05%), Masjed Soleiman Petrochemical Company (10.80%), and Sepehr Export Financial Group (11.70%).

The Gachsaran Petrochemical Complex meets its water needs through a 27-kilometer, 28-inch pipeline connected to the Kowsar Dam, with an annual capacity of 12 million cubic meters. The required fuel gas of 53,900 cubic meters per hour is supplied through the national gas pipeline, while the necessary 50 megawatts of electricity is provided by the Khuzestan Regional Electricity Company.

The design, construction, and installation of essential equipment for the Gachsaran Petrochemical Project were carried out in collaboration with Iranian knowledge-based centers and more than 70 Iranian companies. Over 83% of the project's equipment is domestically manufactured, resulting in savings of 269 million euros. Additionally, sensitive and high-tech equipment worth 33 million euros has been domestically produced for the first time. Consequently, the Gachsaran Petrochemical Plant is recognized as the most Iranian Elfin plant in the country.

In addition to creating wealth and providing feedstock for downstream industries, Gachsaran Petrochemical Plant will play a significant role in improving the economic conditions of Gachsaran and neighboring cities. During the construction phase, the project directly employed over 3,000 individuals, while in the operational phase, it will generate direct employment for approximately 1,000 people and indirectly create up to three times more job opportunities.

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