First Vice President Eshaq Jahangiri ordered start of the executive operation for construction of Islamabad-West Petrochemical Project with an annual production capacity of 120,000 tons of polypropylene.
Construction of GTPP Islamabad-West project in the form of 4 complexes and 3 implementation phases officially started on Saturday, February 6.
The event coincides with the third anniversary of the Kermanshah earthquake and on the eve of the 43rd anniversary of the victory of the Islamic Revolution.
The CEO of the National Petrochemical Company (NPC), Behzad Mohammadi, Iranian Minister of Petroleum Bijan Zangeneh and Eshaq Jahanigiri attended a ceremony to break grounds for construction of the plant.
The $545-million GTPP project of Islamabad-West will be constructed by the National Petrochemical Company with the technical savvy of the Petrochemical Research and Technology Company, and is aimed at implementing value chain projects for production of polypropylene from natural gas.
The plan is being built on a 54-hectare land at Zagros Special Economic Zone. It will create 4,500 direct jobs during the construction period.
2.1 mcm of natural gas will be fed to the plant on a daily basis, most of which will be supplied from the sixth national gas pipeline from Assaluyeh and part of it from Ilam Refinery.
GTPP Islamabad-West Project with a total annual capacity of 960,000 tons will be built in three phases of natural gas to methanol conversion with an annual capacity of 660,000 tons, conversion of methanol to propylene with an annual capacity of 120,000 tons and finally the production of polypropylene with an annual capacity of 120,000 tons.
Iran Eyes Petchem Hub in Kermanshah
Iran has devised plans to convert the western province of Kermanshah into the third petrochemical hub of the country.
Addressing a ceremony to break grounds for construction of West Islamabad Petrochemical Plant on Saturday, Iranian Minister of Petroleum Bijan Zangeneh said: "We are trying to implement this project by making maximum use of the industrial and contracting capacities of Kermanshah Province."
He said: "This plan is a national plan, because there is a large gas supply network everywhere in the country, and this plan can be implemented.”
Zangeneh added that the National Petrochemical Company was able to acquire the technology of this project and finance its construction, and said: "Large investments of more than half a billion dollars will be made in the upstream part of this project and we hope it will be completed on schedule."
He noted the valuable industries at the downstream of the project, and said that propylene is one of the most valuable industrial items.
“Kermanshah province is in a very good position in terms of ethylene and has about 300,000 tons of polyethylene production and the West Ethylene Pipeline passes from the province.”
The Minister of Petroleum stated: “With the implementation of this plan, Kermanshah Province will be the third petrochemical hub of the country after Bushehr and Khuzestan, and development in this province will continue.”
Islamabad West Petchem Plant to be Fully Iranian: CEO
The CEO of the National Petrochemical Company (NPC) said Islamabad West Petrochemical Plant would be fully Iranian and built by relying on domestic savvy and experts.
Addressing a ceremony to break the ground for construction of the plant on Saturday, Behzad Mohammadi said that the most important feature of the Islamabad West Petrochemical Project is that it is Iranian, and added: "The total technology and catalyst of all three parts of methanol, propylene and polypropylene of the project will be developed by researchers of the Petrochemical Research and Technology Company.”
The Deputy Minister of Petroleum stated that the Islamabad-West petrochemical project is one of the strategic projects of the petrochemical industry, and added: “One of the important concerns of this industry is the production of propylene and its derivatives; propylene is a strategic product and it is known in the world as the caviar of the petrochemical industry and the production capacity of this product is currently about 950,000 tons per year in the country.”
He said permits had been issued for construction of plants to bring the production capacity of the item to 4.5 million tons per year.
Mohammadi further said that the plant uses 6 types of catalysts of which 3 had already been produced domestically and the rest were being prepared for mass production in the country.