This $82 million investment aims to supply essential oxygen and other
gases to methanol plants and various petrochemical companies in the second
phase of Assaluyeh's petrochemical complexes.
In a ceremony attended by Petroleum Minister Javad Owji and Deputy Petroleum
Minister and NPC CEO Morteza Shahmirzaei, the inauguration was conducted via
video conference. The project, initiated in May 2020, faced significant
challenges due to financial constraints in its early stages. However, strategic
planning and alterations in equipment procurement enabled its completion.
The fourth air unit, located on a 1.2-hectare site in the Pars Special
Economic Energy Zone in Bushehr Province, is set to produce high-pressure and
medium-pressure oxygen, nitrogen, and instrument air. The project's successful
execution marks a significant step towards supporting domestic companies and
localizing production, aligning with the Supreme Leader's directive for
"Production Growth and Inflation Control" in 2024.
Significant achievements in this project include the reverse
engineering and production of critical components such as compressors and pumps
by Iranian manufacturers, resulting in a foreign currency saving of
approximately €14 million during the initial 15 months of the current
administration.
Damavand Energy Assaluyeh provides all necessary utilities, including
water, electricity, steam, and auxiliary services. The unit's feedstock is
ambient air. The project's completion not only generates wealth and supplies
oxygen to downstream industries but also plays a vital role in improving the
economic conditions of Assaluyeh and surrounding areas. The construction phase
created 450 jobs, while the operational phase provides direct employment for 70
individuals and indirect employment for up to 210 individuals.
The Persian Gulf Petrochemical Industries Company owns 30% of the
complex, with Parsian Oil and Gas Development Company holding 25%, Shasta
Investment Company holding another 25%, and the Social Security Organization
holding the remaining 20%.