According to Gholamreza Jamshidi, CEO of Hengam Petrochemical, the
ammonia unit has reached 100% capacity and is ready for formal commissioning by
the President of Iran. "We expect annual sales to average between $300
million and $500 million," Jamshidi told Shana, an oil and gas industry
news agency.
The company has already exported 14 shipments of ammonia to Turkey,
Europe, and India, demonstrating its strong entry into international markets.
Highlighting the strategic importance of urea in global food security, Jamshidi
noted that the world urea market is continually evolving.
"The urea unit, with an annual capacity of 1.15 million tons, is
currently in the pre-commissioning phase and progressing well," he said,
anticipating the unit to be fully operational later this year.
Jamshidi emphasized the competitive advantages of Hengam
Petrochemical, including its dedicated port facilities and access to open
waters. "This project will be a significant foreign exchange earner for
the Persian Gulf Petrochemical Industries Company, contributing $300 million to
$500 million in annual sales," he added.
Seventy percent of the company's products are slated for export, with
the remaining 30% consumed domestically. Jamshidi stressed the importance of
exploring new export markets to drive growth in the petrochemical industry.
"The petrochemical sector is resilient to sanctions, and we
continue to develop despite external pressures," Jamshidi remarked.
"Previously, urea and ammonia catalysts were imported, but now over 90%
are produced domestically. Additionally, about 50% of the required components
for the urea and ammonia units are manufactured within the country."
Currently, the Hengam project employs over 1,000 workers, with 800
direct jobs expected post-launch. Jamshidi underscored the company's commitment
to utilizing domestic capabilities, which has proven successful. "We
embraced the risk of leveraging local expertise, and our ammonia was exported
using the first Iranian loading arm. This process is now running
efficiently," he concluded.