News Agency - Detail

Bandar Imam 5-Month Output up 8%

Bandar Imam 5-Month Output up 8%
(Sunday, September 15, 2024) 18:27

TEHRAN (NIPNA) - Bandar Imam Petrochemical Company has reported an 8% increase in production, reaching approximately 2 million tons during the first five months of the Iranian calendar year 1403 (March-August 2024), according to the company’s CEO, Sephedar Ansari-Nik.

 

 

Speaking at a quarterly meeting of Persian Gulf Petrochemical Industries Group CEOs, Ansari-Nik highlighted the company’s achievements. He stated that the company's feedstock intake had increased steadily over the past three years, growing from 2.6 million tons in 2021 to over 3.2 million tons in 2023, reflecting a 15% increase.

Feedstock intake continued to rise in 2024, with a significant jump from 1 million tons in the first five months of 2021 to around 1.5 million tons in the same period of 2024. The volume of NGL (natural gas liquids) intake is also on an upward trajectory, expected to reach 32.6 million barrels in 2024, compared to 16.6 million barrels in 2022, marking a 46% increase over the previous year.

Ansari-Nik emphasized the strong production performance from 2019 to 2023. Output increased from 3.5 million tons in 2021 to 4.5 million tons in 2023, representing a 13% year-on-year increase. The production in the first five months of 2024 continued this upward trend, showing an 8% growth.

Regarding ongoing projects, Ansari-Nik outlined that 224 projects have been approved for 2024, with 17 already completed. Key developments include the commissioning of a $40 million central wastewater treatment plant and the ongoing construction of a $47 million ethane recovery project, which is 50% complete. The chlor-alkali unit, valued at $239 million, has reached the piling stage and is progressing steadily. Once completed, it will produce 330,000 tons of caustic soda and 294,000 tons of chlorine annually, providing a stable chlorine supply for downstream units.

Email is required
Characters left: 500
Comment is required