The CEO of Tabriz Petrochemical Company announced the implementation of three major projects in order to increase production capacity, manage the water crisis, and meet the country’s domestic needs. He said these projects are being implemented by relying on domestic power and in order to realize the year’s slogan of “Investment for Production.”
Seyed Noorallah Mirashrafi, explaining the details of these projects, said the construction of a heavy polyethylene production unit, the transfer and use of urban wastewater, and the launch of EB/SM production units constitute the three main axes of this development program, which includes a total of 25 to 26 subprojects.
Referring to the importance of the heavy polyethylene production project, he said this project, with a capacity of 310,000 tons per year, is being implemented for the first time by receiving a domestic license from the National Petrochemical Company and with financing from two banks, and according to the plan, it will be put into operation in February/ March next year.
Managing the water crisis by utilizing urban wastewater
The CEO of Tabriz Petrochemical Company referred to the urban wastewater transfer and utilization project as the second major project of the company and added given the water shortage and the government’s emphasis on the use of urban wastewater, the infrastructure for utilizing 15 million cubic meters of wastewater has been provided to sustainably supply the water needed by the Tabriz Petrochemical Complex and the Tabriz Refinery.
Accordingly, the first phase of the project with a capacity of 5 million cubic meters will be put into operation in early July and the second phase with a capacity of 3 million cubic meters will be put into operation in December this year.
He said that the implementation of this plan, in addition to providing the complex with the industrial water it needs, will save water resources and allow for the allocation of a significant portion of the saved water for urban use.
Responding to the domestic shortage with ES/SM production
Mirashrafi described the construction of the EB/SM production unit as the third strategic project of Tabriz Petrochemical and said this project aims to compensate for the 400,000-ton deficit of styrene in the country. He said it is being implemented with an annual capacity of 100,000 tons. According to him, so far, it has made 7% physical progress and, with the provision of $80 million in capital from the National Development Fund, it will be put into operation by March 2027, according to the plan.
Maintaining Tabriz Petrochemical brand in global markets
The CEO of Tabriz Petrochemical Company, referring to the company’s position in international markets, said by relying on the quality of production and the continuity of exports, efforts have been made to maintain the Tabriz Petrochemical brand at the global level even after privatization. The company supplies between 50 and 60 percent of the country’s styrene and has loyal customers in markets such as the CIS countries and India.
Setting a new record in feed supply
Mirashrafi announced the setting of a new record in feed supply and said on the 25th of March 2025, in cooperation with Ghadir Investment Group and Parsian Oil and Gas Development Co,pany (POGDC) and with the support of the National Petrochemical Industries Company (NPC), 40 tons of feed were supplied for the Tabriz and Mianeh units for the first time.
Savings of 80 billion tomans by localizing equipment
Referring to the achievements of localizing equipment, he said over the past two years, more than 1,768 industrial equipment has been produced domestically, 328 of which are equipment whose production had been stopped by foreign companies. The equipment is in operation with a quality equivalent to foreign models and have brought savings of more than 80 billion tomans to the company.
Reducing feedstock; the main challenge of the petrochemical industry
The CEO and Vice President of Tabriz Petrochemical Company considered the supply of feedstock to be the biggest current challenge of the petrochemical industry and stated in the past, the company received a thousand tons of feedstock daily from the Tabriz Refinery, but this figure has now decreased to 132 tons and we have been forced to supply feedstock from other sources at a high cost.
Tabriz Petrochemical on the verge of entering the stock market
In the end, Mirashrafi announced the imminent entry of this company into the capital market and said after 28 years, with the follow-up work done, the initial admission stages of Tabriz Petrochemical on the stock market will be completed by July, and the company will soon witness the offering of this company’s shares on the capital market.
