Baku, Azerbaijan, March 23. Iran’s Bandar Imam
Petrochemical Company (BIPC) has invested substantial funds in
procuring supplies for its chlor-alkali plant, with a total
expenditure reaching $100 million, Sepahdar Ansarinik, the
company’s executive director, told reporters, Trend reports.
In his statement to local media, Ansarinik revealed that the
construction of the plant is currently 47 percent complete.
In addition to this, another batch of supplies is set to be
imported into the country, he confirmed.
Moreover, the company has also allocated 56 million euros for
the establishment of its ethane reprocessing unit.
Ansarini further disclosed that during a recent shareholders’
meeting on March 18, the company’s capital was increased by 380
percent, although the exact capital amount was not specified.
Iran’s Bandar Imam Petrochemical Company is located in an area
of 270 ha in the southwestern province of Khuzestan. The facility
has a significant production capacity, with an annual output of 1
million tons of ethane, 1.96 million tons of propane, 1.57 million
tons of butane, 1.41 million tons of pentane plus, and 30,500 tons
of raffinate C4. Additionally, the company is capable of producing
411,000 tons of ethylene, 118,000 tons of polypropylene (chemical
grade), 64,000 tons of polypropylene (polymer grade), 26,000 tons
of butadiene, 88,000 tons of C4 cut, 180,000 tons of vinyl chloride
monomer, 440,000 tons of ethylene dichloride, 63,300 tons of
hydrochloric acid, 6,600 tons of bleach, 150,000 tons of heavy
polyethylene, 100,000 tons of light polyethylene, and 4,000 tons of
synthetic rubber annually.