SHANA — The CEO of Bidboland Gas Refinery said that the plant’s processing capacity was expected to grow by 20 percent once the plant’s feedstock could be fully supplied.
Mahmoud Aminnejad told reporters on Tuesday that the shortage could be supplied by feeding the plant fully with associated petroleum gas (APG), even though it was initially intended to feed Bidboland with NGL 900, 1000, 1200 and 1300 projects.
The refinery gathers and processes APG from Bibi Hakimeh, Paznan, Gachsaran and Rag Sefid oil fields.
He said construction of the refinery had so far made 92.91 percent from only 18.6 percent until 2015, adding an investment of $3.2 billion had been made in the project whose revenues could cross $700 million once operating at full tilt.
Aminnejad said Iranian developers and contractors had a 65% share in completion of the project so far, adding over 8,500 personnel were operating in the facility of whom over 70 percent were local.
The plant is being constructed for production of 10.4 million tons/year of methane, 1.5 mt/y of ethane, 1 mt/y of propane, 0.5 mt/y of butane, 0.6 mt/y of condensate, and 0.9 mt/y of acid gas.
Persian Gulf Petrochemical Industries Company (PGPIC) owns 99 percent of the plant’s stocks and the National Development Fund of Iran has been tapped for $2.2 billion of financed for funding the project.