Rahbord Energy: After 14 years of waiting, the strategic project of Padjam Polymer is now ready for official operation. Furthermore, the 5000 ABS line will reach the production stage. The achievement has been made following the hard work of Iranian youths.
The executive operation of the ABS Rubber of Padjam Polymer project started in 2009 as the second phase of Jam Petrochemical Development Plan. And in 2015, this continued in the form of Padjam Polymer Development Company (PJPC).
Despite a huge sum of money, the project was completely halted in 2019. Therefore, the major shareholders of this project, Jam Petrochemical and the Civil Servants Pension Fund (CSPF) , were poised to sell and transfer the project. But following the change of the management team and the use of young domestic experts in the course in January 2022, the project was relaunched for swift completion.
Dr. Mohammad Hashem Najafi Ardakani pulled the project out of crisis by assigning 45 packages worth 80 million euros and resolving the dispute with the former contractor.
With the efforts of the new management, the feedstock intercomplex contract of the Monomer Styrene with Pars Petrochemical was finalized after 13 years. The feedstock is now stored in the TK-9001 tank.
With regards to the control system, which is one of the most important pieces of equipment of the project, it must be noted that it was designed, built and installed by the young Iranian experts of the company. This indicates the technical power of Padjam Polymer Development Company.
It should also be noted that with the inauguration of Padjam polymer, it is not only generating money, but the project has now turned into a production complex in Iran. It will increase the income of Saba Energy Investment Company and reduce the imbalance of the Civil Servants Pension Fund (CSPF).
