Razi Petrochemical Company

Today, the key role of the petrochemical industry in the economic development of different countries of the world is not hidden from anyone, and the increasing need of human societies for its products has directed countries’ attention to the creation of production factories and attracting capital to petrochemicals. One of the most important features of the petrochemical industry is its very high added value. This means that with chemical and physical changes on oil and gas hydrocarbons, the value of the product can be increased by 10 to 15 percent.

Another feature of this industry is the diversity of its products and the supply of raw materials for thousands of workshops and downstream industries, which play a very effective role in the country’s economy in terms of job creation, foreign exchange earnings, and breaking dependence.

Fortunately, due to the existence of abundant primary resources (oil and gas) and other factors, the production of petrochemicals in Iran has received special attention and attention. After passing through the years of defense of Jerusalem, our country has considered the expansion of the petrochemical industry, and with the end of the imposed war, the restoration and reconstruction of factories immediately began, and large projects were gradually implemented.

The value of petrochemical products in our country is now 1.5 billion dollars per year, which will reach 7.5 billion dollars at the end of 2005, and it is expected that the value of foreign currency exports will increase by 5 billion dollars.

The strategic plan for the development of products of the National Petrochemical Industries Company will realize the achievement of 43 million tons of different petrochemical products in the next fifteen years with more than 30 important projects. With the implementation of the important projects of the Petrochemical Special Economic Zone in Imam Port (RA) and Asaluyeh, it is expected that the export figure will reach 30 million tons per year.

In general, petrochemical products are used in the manufacture of materials such as rubber, plastics, detergents, fertilizers, adhesives, acids, dyes, poisons and synthetic fibers, each of which is the raw material of hundreds of other materials.

New projects in Band Imam Petrochemical (Parazilin and M.T.B.E units) and Razi Petrochemical, with the launch of sulfur granulation units, separation of gaseous liquids and the development of ammonia and urea units, as well as methanol and sulfur granulation of Khark Petrochemical, were among the important projects that have come to fruition.

In continuation of the government’s economic development program to reduce ownership of state-owned companies, the shares of petrochemical units in Abadan, Farabi, Khark, Shiraz, Arak and Isfahan have entered the stock market.

The new projects of Parazilin and M.T.B.E in Bandar Imam Petrochemical and sulfur granulation, separation of gaseous liquids, development of ammonia and urea units in Razi Petrochemical and methanol and sulfur granulation in Khark Petrochemical were among the important projects that have come to fruition.