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Bou Ali Sina Advances Styrene Monomer Project

Bou Ali Sina Advances Styrene Monomer Project
(Wednesday, October 11, 2023) 14:18

TEHRAN (NIPNA) -- A senior official from Bou Ali Sina Petrochemical Company outlined the PX (Paraxylene) project, stating that the Styrene Monomer project is the company's third major development project aimed at achieving sustainable production with a diverse product portfolio.

According to the Bou Ali Sina Petrochemical Company, Ardalan Sedaghatzadeh elaborated on the latest status of the company's projects, stating, "The Paraxylene unit at the complex will reach the production phase by the end of this autumn. Simultaneously with this valuable product, we will also produce reformate."

He added, "By completely resolving the challenge of launching the tallest all-Iranian petrochemical tower, we will enter the start-up phase and produce the Paraxylene product by the end of autumn."

The senior official of Bou Ali Sina Petrochemical Company went on to announce the Styrene Monomer project as the company's third major development project. He stated, "Fortunately, the Styrene Monomer project has been approved by the board of directors of the Persian Gulf Petrochemical Industries Group and the National Petrochemical Company, and we are in the final stages of announcing the project. Contract activities will commence shortly."

Sedaghatzadeh noted, "The required land for the project has already been fenced, and according to the plan, we will move forward to produce high-value-added products in the shortest possible time, creating wealth for shareholders."

He continued, "The production of Paraxylene and reformate is both important for the complex, and currently, the increased price of Paraxylene, along with the production of reformate, will not make a significant difference in terms of profitability."

The senior official at Bou Ali Sina Petrochemical Company also considered it possible to simultaneously produce Paraxylene and reformate at this petrorefinery, stating, "Considering the country's needs and global prices, we have the capability to simultaneously produce Paraxylene and reformate. Depending on the market conditions, we will manage our production, and many large aromatic units worldwide also manage their product portfolios in the same way."

Sedaghatzadeh emphasized that it is predicted that the company will achieve profits equivalent to the previous year within the first nine months of this year.

He said, "The production volume of Bou Ali Sina Petrochemical Company has been on a growing trend in recent years. Last year, we produced up to 120% of the company's nominal capacity. We will manage our production based on the needs of Petrochemical Shahid Tondgoyan, in which Bou Ali is a shareholder.”

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