Iran’s NPC, France’s Exness join on petchem.

TEHRAN, Aug. 06 (MNA) – An NPC official has announced that Exness Company of France will cooperate with Iran in reconstructing paraxylene unit of Bu Ali Sina petrochemical complex.

Director of Production Control in Iran's National Petrochemical Company (NPC) Alimohammad Bosaghzadeh made the remarks and added that “the paraxylene unit of the Iranian petrochemical complex is scheduled to be launched within two to three months.”

The official underlined the plan to take advantage of short-term consultations from a number of domestic and foreign firms like Exness to renovate the unit; “currently, necessary measures are being taken to inspect various parts of the unit which were hit by fire earlier in July.”

Bosaghzadeh further emphasized that Bu Ali Sina is a ten-year-old plant; “measures have been put on the agenda to optimize the complex aiming to boost its efficiency and the French experience will be exploited in this regard.”

Covering an area of 36 hectares in the northwest of the Persian Gulf in Khuzestan province, Bu Ali Sina Petrochemical complex is situated in Mahshahr Special Economic Zone.

The plant is owned by Iran's National Petrochemical Company (NPC) and produces 1.75 million ton per year of aromatics and by-products.

Fire hit the petrochemical complex on July 6 and it was most likely caused by the paraxylene, a highly flammable hydrocarbon, leakage.

Once the fire was contained, Iranian Oil Minister Bijan Zangeneh told reporters that the complex will return to normal condition in two or three weeks, though it will take longer for its paraxylene tower to be repaired and start over regular activities.


News Code 118660


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