Resistance Economy a thrive model for petrochem industry

MNA– Director of the Public Relations Department at Arya Sasol Polymer Company (ASPC) cited Resistance Economy as a triumphant model for prosperity of Iran’s petrochemical industry.

Talking to Mehr News reporter, Faramarz Parizi reiterated that despite restrictions due to nuclear sanctions, the industry has managed to implement the policy of the Resistance Economy as instructed by Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei.

The Leader had outlined the general policies of Iran’s Resistance Economy in a decree issued on February 19.

As part of the program, the government must take action to promote “knowledge-based economy and domestic production, especially in strategic products and services, and the consequent reduction of dependence on imports.”

The decree also encourages greater privatization and increased exports of goods and services through legal and administrative reforms as well as foreign investment for export purposes.

Citing ethylene, low density polyethylene, medium/ high density polyethylene and by products as the main products of the company, Parizi added protecting the environment is one of the company’s core values.

He added the company has developed several environmental principles for proving its commitment to do the business in environmentally responsible ways waste minimization, emission management and respecting biodiversity.

‘As a major gas olefin production company in Assalouyeh, ASPC, has engaged more than 930 skilled workforce directly and 2,500 others indirectly,’ he said.

Parizi said his company’s mission is production of high quality ethylene and polyethylene in a healthy, safe and environment friendly atmosphere, with special outlook to human assets and optimal management of resources to meet the needs of customers and other beneficiaries of the organization.

He underscored that 89 percent of the company productions would be exported to the global markets and the rest would be sold in the domestic markets.

Parizi put the annual feedstock of the company at 1.2 million tons of pure ethane, received from Fars Petrochemical Company, and one million tons of ethane and 100,000 tons of side products like propane are obtained from it. The olefin unit of Arya Sasol Polymer Company is the biggest ethylene production unit worldwide, 100 percent of its feedstock supplied out of gas.

In July 2016, ASPC broke its production record in the previous Iranian calendar year which ended on March 19, Shana wrote.

The plant supplied over 1.5 million tons of ethylene and different kinds of polymer products over the year which increased 12.4% year-over-year, setting a new record in the plant’s history.

ASPC produced over 929 tons of ethylene during the same year, up by 14% year-on-year, the highest amount since the company’s establishment in early 2000s.

Furthermore, the medium and dense polyethylene output by ASPC stood at 305,525 tons which well exceeds the unit’s nameplate production capacity, rising 38% from an earlier year.

The Arya Sasol Polymer Company is producer of ethylene and polyethylene in Assalouyeh in South Pars Energy Special Economic Zone, covering an area of 72 hectares in Persian Gulf coasts and in the far western part of the first phase of the petrochemical projects around exporting port.

The installed petrochemical industry capacity of the country is nearly 63 million tons/year and by the next nine years will reach 130 million tons.

Asalouyeh port is 280 kms from south of Bushehr Province, hosting implementation of South Pars gas field development projects. It has 27 jetties with the capacity of receiving more than 43 million tons/year export consignments. Concurrently high tonnage ships can berth in the port’s jetty.

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