Iran identifies Chabahar as new petrochemical site

14 May 2013 23:22  [Source: ICIS news]

TEHRAN (ICIS)--Iran has identified Chabahar in southern Iran as a new site on which major petrochemical and fertilizer projects can be built, an Iranian advisor for the region said on Tuesday.

Seyed Majid Modirzadeh urged for investors to step forward, calling the site “a concealed treasure” during his presentation at the 10th Iran Petrochemical Forum (IPF).

The site has access to feedstock from the South Pars gas field and Khuzestand reserves, rich ethane content from the country’s gas reserves, stable natural gas prices as compared to other oil-related feedstock prices and a strategic location as the only port which has direct access to open seas, he said.

At Chabahar in southern Iran, a 1.073m tonne/year urea plant and a 677,000 tonne/year ammonia plant are being proposed, calling for investments of €405m ($526m), Mordirzadeh said.

A gas-to-polypropylene (PP) project is also being planned, with an estimated cost of €780m, he said. The project is expected to produce 1.65m tonnes/year of methanol as an intermediate; 514,000 tonnes/year of propylene and 500,000 tonnes/year of PP, he added.

A gas-to-dimethyl ether (DME) project, which requires a €515m investment, is also being mulled. The project is expected to produce 1.65m tonnes/year of methanol, which will be an intermediate to yield 1.2m tonnes/year of DME, Mordirzadeh said.

($1 = €0.77)

By: Heng Hui
+65 6780 4359

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