Iran Manufacturers to install 7 Petchem Reactors by year-end

Iran Manufacturers to install 7 Petchem Reactors by year-end
(Saturday, May 6, 2023) 13:03

ASALUYEH (NIPNA) -- Seven petrochemical reactors will be installed by Iranian manufacturers at the Dena Petrochemical complex by the end of the Iranian year in March 2024, the project's chief executive said on Friday.

Hossein Hashemi said that five reactors had already been delivered to the site in Asalouyeh, a special economic zone on the Persian Gulf coast.

He said the project had faced sanctions from European countries in recent years and had turned to domestic companies and knowledge bases for equipment production.

One of the reactors, built for the first time in Iran at a factory in Arak, is for synthesis gas production, which Hashemi called "the beating heart of petrochemicals".

The Dena Petrochemical complex, which is part of the Petro Farhang Holding group and affiliated with the Farhangian Reserve Fund, is expected to be completed and start production by March 2025, he said.

The project has an overall progress of 80% and will produce 1.65 million tonnes of grade A methanol annually, he added.

The complex will use 1.306 billion cubic metres of natural gas and 520 million cubic metres of oxygen as feedstock, supplied from Damavand Petrochemical Plant.

The investment for the project is €288 million ($347.04 million) in hard currency and 4 trillion rials ($95.24 million) in rials, Hashemi said. ($1 = 0.8299 euros) ($1 = 41,990 rials at the free market rate) 

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