This project includes four methanol production units from natural gas, production of olefin from methanol, production of different grades of polypropylene and polyethylene from manufactured olefin (respectively from propylene and ethylene). Production plan of various grades of polymer products from natural gas contains a capacity of 630,000 tons, including 400,000 tons of polypropylene and 230,000 tons of polyethylene.
In order to produce 160,000 tons of Formalin, seven production lines have been purchased. From manufactured Formalin in this phase, 20,000 tons of Paraformaldehyde is produced downstream of this section.
Paraformaldehyde is a solid product of Formalin; indeed, not only it has added value but also has no problem in transportation. In addition. It can be exported to the export markets of the region, including Turkey, Azerbaijan, etc.
Due to the excess Methanol in the country and the low feed price of this unit, it will have a very high added value and profitability.
After production and setting up two lines, other lines (5 production lines) have been completed and constructed within six months from the start of production. Besides, 100.000 tons will be added to Formalin production. This formalin will be used to produce Hexamine and Resin.
Collection of products based on Butane Diol (BDO) is one of the most attractive downstream petrochemical products that is degradable and eco- friendly. These products with very high added value are the most significant products in European countries, Turkey, Azerbaijan and the Persian Gulf countries for their biodegradable considerations. They are based on the production of Formalin.
One of the high goals of Ardabil Petrochemical Company is to produce environmentally friendly (degradable) products and become a Green Petrochemical Unit. Therefore, in this regard, due to the production of surplus Methanol in the country, this company has made the process of Formalin production and economic added value and eco-friendly Polymer products one of its top goals.
About us and the history of Ardabil Petrochemical Company
Ardabil Petrochemical Company (Private Joint Stock) was founded on February 17, 2007 (coincides with the date of 1385/11/28 ) under No. 6458 in Ardabil Companies and Industrial Property Registration Office. The company was registered with the subject of producing petrochemical products (Urea and Ammonia).
Ardabil petrochemical Company
Bahram Shahsavari
Chairman of the Board and CEO
Phone Number : 26133437-021
Email: SHAHSAVARI@ARDABILPC.COM
Company history and specifications
In June 2015, after changing the subject of investment from urea and ammonia to polypropylene production, due to the increase in investment from $ 565 million to $ 1.5 billion, the board of directors decided to stop the construction operations until the provision of new financial resources to advance and complete the project.
Important actions taken in 2006
- Carrying out the groundbreaking ceremony in the presence of the esteemed CEO of the Social Security Organization, the governor, the supreme leader, members of parliament and other esteemed officials of the province on September 20, 2006.
- Registration of “Ardabil Petrochemical Company” under No. 6458 with a registered capital of 20 billion Rials in Ardabil Companies Registration Office on February 17, 2007.
- Issuance of construction permit for Ardabil Petrochemical Unit with a production capacity of 1075 thousand tons of urea and 680 thousand tons of ammonia per year by the Ministry of Petroleum on March 3, 2007.
- Renaming the establishment permit from Shazand Petrochemical Company to Ardabil Petrochemical Company on March 13, 2007.
- Increase of the company’s capital from 20 billion Rials to 290 billion Rials in the Extraordinary General Assembly on 20/08/2008 and handing it over to the Board of Directors in order to realize this capital increase on several occasions.
- In October of 2006, a contract was signed with the Petrochemical Downstream Industries Development Company (PDSID) to conduct feasibility studies for the urea and ammonia production project. After that, this plan was finally revised several times in December 2014 at the request of Agent Bank.
- Providing infrastructure facilities for the project:
- Land
- Gas (feed)
- Water
