NPC kol taki - nipc.ir · NPC 9 The Board of Directors The Board of Directors, responsible for the...

Contemplation, Trust in God, Endeavor

N P CNational Petrochemical Company

Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali KhameneiGenerating wealth through selling exhaustible resources like crude oil does not cquate to development. This is self-deception. We have fallen into this trap. We should confess and accept that this is a trap for our nation. We have been selling raw materials. This is a reality we inherited from the past and the country got used to it. Of course efforts have been made in recent years to relieve from this harmful addiction but has not been fully accomplished yet. We should first believe that the country must reach a point where it could easily shut down its oil wells whenever there is a will to do so. We should believe this. This is the oil issue now.

2

President of the Islamic Republic of Iran His Excellency Mahmoud Ahmadi NejadAttention must be paid to stopping raw export of crude oil and developing down stream industries to create more added values. In addition, export of processed products should replace raw selling of crude oil.

National Petrochemical Company

N P C

3

Rostam GhasemiIran’s industrial development depends on the development of the value-creating petrochemical industry.

4

Contents5

The General Assembly

The Board of Directors

Petrochemical Special Economic Zone (PETZONE)

Pars Special Economic Energy Zone (PSEEZ)

Projects under construction

Projects in other regions

West Ethylene Pipeline & Dena Region

List Of Under Study Projects

List of the 2nd 5-year Development Plan


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Profile The National Petrochemical Company (NPC), a subsidiary to the Iranian Petroleum Ministry, is owned by the government of the Islamic Republic of Iran. It is responsible for the development and operation of petrochemical facilities in the country. Founded in 1964, NPC began its activities by operating a small fertilizer plant. Today, Iran Petrochemical Industry is the second largest producer of petrochemical products in the Middle East. Over the years, it has not only expanded the range and volume of its products, but has also taken steps in the areas such as research and technology to achieve more self-sufficiency. Two special economic zones on the northern coast of the Persian Gulf have been developed to be home to the new projects of Iran’s Petrochemical Industry. These two zones enjoy good access to the feedstock, infrastructural facilities, local and international markets, free waters and the skilled manpower. The major activities of Iran’s Petrochemical Industry are the implementation of new projects and capacity building, production, sale, distribution and export of chemicals and petrochemicals. In 2011, 40 petrochemical production complexes and two centralized utility complexes as well as 76 projects have been supervised by Iran’s National Petrochemical Company (NPC).

National Petrochemical Company (NPC)

Main Office

6

Message from the president

In 2011, the annual nominal capacity of Iran’s petrochemical production reached 54.5 million tons of various petrochemicals including polymers, aromatics, chemicals and fertilizers. Also in the same year, Iran’s petrochemical industry exported 18.2 million tons of its products with the value of $14.7 billion. Besides, it supplied over 12 million tons of products to domestic market.

With an investment of $52.2 billion, the National Petrochemical Company (NPC) has planned to construct over 76 projects with an annual production capacity of 69 million tons. The plethora of projects includes 9 methanol and 10 ammonia-urea facilities. The salient features of these projects are that they are gas-based petrochemical facilities and the private sectors are involved in the phases of investment and implementation.

line with the policies of the government of the Islamic Republic of Iran.NPC is making due preparations and planning to help Iran become the region’s top producer in terms of the value of its petrochemical output by 2025, when its Vision Plan is complete.

The plan considers sustainable development of the petrochemical industry by enhancing supply chain value creation and expanding its downstream industries.As part of its long-term development plans, NPC is studying to build integrated petro-refineries. To realize these

Deputy Petroleum Ministerand NPC President


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7

plans, NPC warmly welcomes private sector’s contribution to areas such as development of know-how, manufacture of equipment & machinery and research & development work.

In line with the execution of Article 44 of the Constitution of the Islamic Republic of Iran, NPC has, in the past several years, transferred a large portion of its shares to the private sector. And in the near future, its shares in remaining companies will be transferred to private sectors.

Once the shares are transferred, NPC’s ownership of the process companies will be handed over to the private sector. Following the transformation, NPC will continue to retain its sovereign and supervising powers and authority as well as its development role and will provide its services as a policy-making and oversight body.

The goal of the new NPC will be creating reasonable and balanced coordination between the government and the petrochemical sector and guiding the sector to grow in a sustainable and advanced manner.

Basically, NPC’s duties will include: policy-making, implementation, supervision, evaluation and coordination with other respective organizations.

The policy-making function will entail the following major tasks: Designing the petrochemical value-chain based on Iran’s competitive advantages and capabilities.Formulating policies for development of petrochemical industry in basic, mid and downstream sectors.

The implementation task will be inclusive of:

Forging joint ventures with the private sector in less-developed regions of the country, where NPC’s stake should not exceed 49% in the ventures Joint investment in developing state-of-the-art and high-risk technologiesDevelopment of infrastructural facilities and economic foundations with priority for less-developed areasGranting respective investment permissionsAnd supporting companies involved in various fields of the petrochemical sector.

The privatization laws have limited NPC’s investment in projects. But we have assisted and will continue our collaboration with local and foreign investors and non-governmental sectors by offering them petrochemical projects that are economically attractive.

At the same time, in order to develop the petrochemical industry in a centralized manner, NPC is currently studying building several new special economic zones in Chahbahar, Kish, Qeshm, Sarakhs and Lavan. We are also planning to construct chemical parks in these zones.

I hope that with the support of the Ministry of Petroleum and cooperation of the technology owners, investors, local and international engineering and contracting companies, Iran’s Petrochemical Industry can maintain its growth momentum and we can complete the plans on schedule.

8

Company Organization NPC holds two top management bodies, a General Assembly and a Board of Directors. The members and responsibilities are as follows:

The General Assembly

The General Assembly, representing shareholders, consisting of the following members:

His Excellency Mahmoud Ahmadi Nejad President of the Islamic Republic of Iran & Chairman of the General Assembly

His Excellency Behrooz MoradiVice President of the Islamic Republic of Iran, Planning and Strategic Supervision

His Excellency Rostam GhasemiMinister of Petroleum & Vice Chairman of the General Assembly

His Excellency Seyed Shamsoddin HosseiniMinister of Econimic Affairs & Head of State Economic Commission

His Excellency Ali Akbar Mehrabian Minister of Industries, Mines and Trade

His Excellency Majid NamjoMinister of Energy

His Excellency Abdol Reza Sheikholeslami Minister of Cooperatives, Labor and Social Welfare

His Excellency Ahmad GhalehbaniDeputy Petroleum Minister and NIOC President

His Excellency Mahmoud NikosokhanNIOC Finance Director


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The Board of Directors

The Board of Directors, responsible for the overall operation of the company, is a five– member body as follows:

Ali Mohammad Bosagh Zadeh Production Control Director

Hossein Ali Zahmatkesh Managing Director, NPC International

Davoud Shaddel Finance and Commercial Advisor to NPC President

Abdolhossein Bayat Deputy Petroleum Minister and

NPC President

Rostam GhasemiPetroleum Minister & Chairman

10

National Petrochemical Company (NPC) Organization

Petroleum Minister

President

Human ResourcesDevelopment Directorate Assembly & Shares Affairs

The Executive Board for Preliminary Investigation of

Administrative violations

Inspection Affairs

Legal Affairs

Public Relation Affairs

Security Affairs

International Affairs

Petrochemical Downstream Industries Development Office

Staff Selection Affairs

Internal Auditing Affairs

Finance Directorate

Production ControlDirectorate

Projects Directorate

Health, Safety and Environment Directorate

Planning & DevelopmentDirectorate


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11

Portfolio

12

Kermanshah Petrochemical Industries Co.

Khuzestan Petrochemical Co.

Karoon Petrochemical Co.

Mobin Petrochemical Co.

Orumiyeh Petrochemical Co.

Polynar Petrochemical Co.

Pars Petrochemical Co.

Pardis Petrochemical Co.

Shahid Tondgooyan Petrochemical Co.

Tabriz Petrochemical Co.

Nouri Petrochemical Co.

Arya Sasol Polymer Petrochemical . Co.

Arak Petrochemical Co.

Bisotoon Petrochemical Co.

Bou Ali SinaPetrochemical Co.

Bandar ImamPetrochemical Co.

Ghad Basir Petrochemical Co.

Jam Petrochemical Co.

Khorasan Petrochemical Co.

Kharg Petrochemical Co.

Laleh Petrochemical Co.

Morvarid Petrochemical Co.

Marun Petrochemical Co.

Mehr Petrochemical Co.

Navid Zarshimei Petrochemical Co.

Rejal Petrochemical Co.

Razi Petrochemical Co.

Shiraz Petrochemical Co.

Shemei Baft Petrochemical Co.

Zagros Petrochemical Co.

NPC Alliance Petrochemical Co.

Arya Phosphoric Jonoob Co.

Abadan Petrochemical Co.

Amir Kabir Petrochemical Co.

Esfahan Petrochemical Co.

Farabi Petrochemical Co.

Fanavaran Petrochemical Co.

Farsa Shimei Petrochemical Co.

Fajr Petrochemical Co.

Ghadir Petrochemical Co.

Portfolio (Cont.)


N P C

1�

Arvand Petrochemical Co.

Fajr Petrochemical Co.

Estahban Fars KimiaPetrochemical Co.

Ebn-e-Sina Petro Kimya

Firouzabad Petrochemical Co.

Fasa Petrochemical Co.

Ghamron Petro Complex

Gachsaran Petrochemical Co.

Golestan Petrochemical Co.

Genaveh-DashtestanPetrochemical Co.

Hormoz Petrochemical Co.

Hengam Petrochemical Co.

Hegmataneh Petrochemical Co.

Ilam Petrochemical Co.

Ibn-e-Sina HamedanPetrochemical Co.

Jam Petrochemical Co.

Jahroom Petrochemical Co.

Ilia Kimia Petrogas

Karoon Petrochemical Co.

Kavyan Petrochemical Co.

Kermanshah Polymer Co.

Kazeroon Petrochemical Co.

Kordestan Petrochemical Co.

Lavan Petrochemical Co.

Lorestan Petrochemical Co.

Mehr Petrokimia Co.

Mahabad Petrochemical Co.

Miandoab Petrochemical Co.

Modabberan Shimi Co.

Marjan Petrochemical Co.

Masjide-Soleiman Petrochemical Industry Co.

Mamasani Petrochemical Co.

Ofogh PolymerPetrofannavary

Petrochemical IndustriesDevelopment

Management Co.

Petrochemical SpecialEconomic Zone

Pars Phenol Co.

Petro Ramsheh Co.

Lordegan PetrochemicalIndustry Co.

Sadaf Chemical Co.

Siraf EnergyPetrochemical Co.

Salman-e-FarsiPetrochemical Co.

Sabalan Petrochemical Co.

Tosee Sanat Lavan

Veniran Apadana Petrochemical Co.

Arg Petrochemical Co.

Aryan Di- Polymer Co.

Arg Shimi Parsa Co.

Arya Shimitex Company

Arman Methanol Co.

Andimeshk Petrochemical Co.

Ardabil Petrochemical Co.

Bushehr Petrochemical Co.

BorujenPetrochemical Co.

Dena Petrochemical Co.

Dalahoo Kimiya Industry Co.

Dehdasht Petrochemical Industry Co.

Darab Petrochemical Co.

DamavandPetrochemical Co.

Dehloran Sepehr Petrochemical Complexes.

Di Arya Polymer Petrochemical Co.

Zanjan Petrochemical Industry Co.

Middle East Kimiyaye Pars Co.

Morvarid petrochemical Co.

1�

� � � �� ran Petrochemical �n��try�� nominal pro��ction capacity reache� �� million tonne� in the year 2�11� maintainin� �ran�� po�ition a� the �econ� ma�or pro��cer o� chemical� an� petrochemical� in the �i��le��a�t�

Total nominal capacity & Actual production

Nominal capacity Actual production

Million tonnes

00

1010

20

30

40

50

60

20112010

51.1

40.2

54.5

42.7

Final Product

27500

28000

28500

29000

29500

30000

30500

1000 Tonnes

20112010

28,392

30,051

Domestic Sales

9,500

10,000

10,500

11,000

11,500

12,000

1000 Tonnes

2012011120120100

10,532

11,858

Domestic Sales

0

2,000

4,500

6,000

8,000

10,000

12,000

$ Million

20112010

6,872

10,696


N P C

1�

Export

1717,600600

1717,700700

1717,800800

17,900

18,000

18,200

18,300

18,100

1000 Tonnes

20112010

17,860

18,193

pExport

2 02,00000

00

4,000

6,000

8,000

10,000

14,000

16,000

12,000

$ Million

20112010

11,559

14,662

10,375

1,722

Gross ProfitTotal AssetsNet Sales

$ Million

Finance

0

5,000

10,000

15,000

25,000

30,000

20,000

9,678

25,48523,674

1,124

MarMarchch 2121,2012010 M0-Marcarch 2h 20 20,2011011

March 21,2011-March 19,2012

Gross ProfitTotal AssetsNet Sales

1000 Billion Rials

Finance

100.3127.2

264.1290.2

11.7 21.1

0

50

100

150

200

250

300

350

MarMarchch 2121,2012010-M0-Marcarch 2h 20 20,2011011

March 21,2011-March 19,2012

1�

Location

Nominal Capacity

Actual Production

Exports

Products

1970,1985,1991,2007

Petrochemical Special Economic Zone

3,770,500 t/y

1,949,126 t/y

1,326,000 t/y

Ammonia, Urea (granulate) , DAP, Sulphuric acid, Sulphur

Razi Petrochemical Company

Commissioned

Location

Nominal Capacity

Actual Production

Exports

1963,1973,1985,1990

Marvdasht, Shiraz

1,786,350 t/y

1,834,655 t/y

252,400 t/y

Ammonia, Urea, Methanol, Nitric acid, Sodium bicarbonate, Argon, Light and Heavy Sodium carbonate, Ammonium Nitrate

Shiraz Petrochemical Company

Products

Location

Nominal Capacity

Actual Production

Exports

1991,1994 (in two phases),1995,2000,2002


6,855,600 t/y

5,289,933 t/y

1,732,350 t/y

C3 , C4 , C+5 , Ethylene, Propylene, C4 Cut,

Pyrolysis gasoline, C.F.O., BD, C4EDC, VCM, PVC, Caustic soda, Sodium hypochlorite, LDPE, HDPE, PP, SBR, Benzene, Mixed xylene, C+

5 p-Xylene, HCL, MTBE,Reformate

Bandar Imam Petrochemical Company

Products

Commissioned

Location

Nominal Capacity

Actual Production

Exports

1995,2003,2010

Tabriz

796,965 t/y

711,163 t/y

28,380 t/y

Ethylene, Propylene, C4 Cut, C.F.O., Butene-1, ABS, HD/LLDPE, Benzene, Ethylbenzene, C4Toluene, Polystyrenes, Butadiene

Tabriz Petrochemical Company

Products

Commissioned

Location

Nominal Capacity

Actual Production

Exports

1995

Orumiyeh

17,600 t/y

16,999 t/y

850 t/y

Crystal melamine, Ammonium sulphate

Orumiyeh Petrochemical Company

Products

Location

Nominal Capacity

Actual Production

Exports

1996,2003

Bojnurd, North Khorasan

845,000 t/y

858,599 t/y

147,000 t/y

Ammonia, Urea, Crystal melamine

Khorasan Petrochemical Company

Products

P�� ran Petrochemical �n��try�� nominal pro��ction capacity reache� �� million tonne� in 2�11� �hi� year� the pro�ect� �hich came on �tream incl��e�

Polystyrene unit at Tabriz Petrochemical Co. LDPE unit at Amir Kabir Petrochemical Co. Fajr 2 power plant at Fajr Petrochemical Co. Power transmission lines to the national grid at Fajr Petrochemical Co. Raw water transfer line at Petrochemical Special Economic Zone (PETZONE) Phosphoric acid (100%) unit at Arya Phosphoric Jonoob Co. MTP Pilot Plant at Petrochemical Research & Technology Co. VAM Pilot Plant at Petrochemical Research & Technology Co. MTP Demo plant at Petrochemical Research & Technology Co.

�n the year 2�11� NPC pro��ce� �2�� million tonne� o� �ario�� petrochemical� that �ho�in� ��2� hi�her than the pre�io�� year�

3

14.511.8

20.4

15.7

51.1

40.2

54.5

42.7

1990 2000 2005 2010 20110

10

20

30

40

50

60

1

Nominal capacity Actual production

Million tonnes

Nominal capacity and actual production


N P C

1�

Commissioned

Location

Nominal capacity

Actual production

Exports

2003, 2004,2010


1,765,500 t/y

1,138,722 t/y

184,100 t/y

Ethylene, Propylene, HDPE, C4 Cut, C.F.O, Pyrolysis gasoline, Butene-1, Butadiene, LLDPE/HDPE,C4

Amir Kabir Petrochemical Company

Products

Commissioned

Location

Nominal Capacity

Actual Production

Exports

2003, 2004


1,740,000 t/y

1,422,467 t/y

529,250 t/y

o-Xylene, p- Xylene, Benzene, Heavy/Light Naphtha Cut, Pentane Cut, Heavy Aromatic, C6

Bou Ali Sina Petrochemical Company

Products

Commissioned

Location

Nominal Capacity

Actual Production

Exports

2004, 2007


1,290,000 t/y

1,091,983 t/y

678,000 t/y

Methanol, Acetic acid, CO

Fanavaran Petrochemical Company(3rd Methanol, Acetic acid and CO)

Products

Location

Nominal Capacity

Actual Production

Exports

2004


35,000 t/y

22,757 t/y

14,530 t/y

Solid/Liquid epoxy resins, Polycarbonate

Khuzestan Petrochemical Company

Products

Location

Nominal Capacity

Actual Production

Export

2004

Kermanshah

56,500 t/y

53,862/y

13,400 t/y

LAB, Heavy Alkylates

Bisotoon Petrochemical Company

Products

Commissioned

Location

Nominal Capacity

Actual Production

Export

2006


4,494,000 t/y

3,628,371 t/y

384,700 t/y

C+2 , Ethylene, Propylene,

Pyrolysis gasoline, C+3 , PP,

Marun Petrochemical Company

Products

18

Commissioned

Location

Nominal Capacity

Actual Production

Export

2004,2005,2007


1,376,500 t/y

852,993 t/y

186,000 t/y

PTA, PET (Fiber & bottle grade, POY, Staple)

Shahid Tondgooyan Petrochemical Company

Products

Mobin Petrochemical Co. (Centralized Utility Plant)Commissioned 2004-07, 2010

Location Pars Special Economic/Energy Zone

Electricity

Steam

Fresh water

DM and Condense water

Oxygen

Nitrogen

Service air

Instrument air

7,872,000

21,120,000

12,480,000

21,520,000

1,545,600,000

768,000,000

68,000,000

176,000,000

4,074,498

10,481,046

11,804,083

17,373,777

1,464,292,939

599,122,293

43,982,651

110,261,509

MW/H

Tonnes

M3

M3

NM3

NM3

NM3

NM3

MW/H

Tonnes

M3

M3

NM3

NM3

NM3

NM3

Products Nominal Capacity Actual production

Commissioned

Location

Nominal Capacity

Actual Production

Export

2006

Pars Special Economic/Energy Zone

4,481,000 t/y

3,725,441 t/y

1,576,400 t/y C2 , C3 , C4 ,C+

5 , Ethylbenzene, Styrene

Pars Petrochemical Company

Products

Commissioned

Location

Nominal Capacity

Actual Production

Export

2006


3,300,000 t/y

2,819,105 t/y

2,762,600 t/y

Methanol

Zagros Petrochemical Company

Products

Location

Nominal Capacity

Actual Production

Export

1993-1994-1995

Arak

1,434,953 t/y

1,427,985 t/y

287,500 t/y

HDPE, LLDPE, PP, PBR, Acetic Acid, Vinyl Acetate, Ethanol Amines, C.F.O.,

Pyrolysis gasoline, C6 Cut

Arak Petrochemical Company

Products

Fajr Petrochemical Co. (Centralized Utility Plant) Commissioned 2002, 2003, 2004,2008,2010 ,2011

Location Petrochemical Special Economic Zone

Electricity

Steam

Instrument air

Service air

Nitrogen

D.M. water

R.O. water

Oxygen

12,921,000

8,304,480

135,780,000

315,360,000

236,520,000

20,104,200

44,413,200

249,660,000

4,197,092

5,034,238

123,188,404

259,216,000

241,307,162

14,181,270

35,299,537

214,404,000

MW-H

Tonnes

NM3

NM3

NM3

M3

M3

NM3

MW-H

Tonnes

NM3

NM3

NM3

M3

M3

NM3

Products Nominal Capacity Actual production


N P C

19

Commissioned

Location

Nominal Capacity

Actual Production

Export

1969,2000

Kharg Island

1,135,000 t/y

1,168,584 t/y

1,173,400 t/y

Methanol, Propane, Butane, C+5 , Sulphur

Kharg Petrochemical Company

Products

Commissioned

Location

Nominal Capacity

Actual Production

Export

1992

Esfahan

265,250 t/y

181,370 t/y

146,600 t/yBenzene, Toluene, o-Xylene,p-Xylene, Mixed-xylene Phethalic anhydride

Esfahan Petrochemical Company

Products


4,479,000 t/y

3,643,127 t/y

2,303,500 t/y

Commissioned

Location

Nominal Capacity

Actual Production

Export

Benzene, o-Xylene, Light Naphtha Cut,

C6 5

Nouri Petrochemical Company

Products

Commissioned

Location

Nominal Capacity

Actual Production

Export

2007,2010


3,510,000 t/y

3,107,344 t/y

1,709,900 t/y

Ammonia, Urea

Pardis Petrochemical Company(4th Ammonia/Urea and 6th Ammonia/ Urea)

Products

Commissioned

Location

Nominal Capacity

Actual Production

Export

2007


300,000 t/y

271,512 t/y

155,200 t/y

LDPE

Laleh Petrochemical Company (LDPE)

Products

Ethylene, Propylene, Pyrolysis gasoline, C.F.O., PP, LDPE, HDPE, Butadiene, C4

Jam Petrochemical CompanyCommissioned

Location

Nominal Capacity

Actual Production

Export

2007,2008


3,026,000 t/y

2,173,529 t/y

613,100 t/y

Products

Ethylene, C+3 , LDPE, MD/HDPE

Commissioned

Location

Nominal Capacity

Actual Production

Export

2007,2008


1,690,000 t/y

1,430,105 t/y

730,200 t/y

Arya Sasol Polymer Company

Products

20

Ammonia, Urea

Commissioned

Location

Nominal Capacity

Actual Production

Export

2008

Kermanshah

1,056,000 t/y

949,928 t/y

410,500 t/y

Kermanshah Petrochemical Industries Company

Products

Commissioned

Location

Nominal Capacity

Actual Production

Export

2008


443,000 t/y

357,098 t/y

328,300 t/y

Farsa Shimei Petrochemical Company

Products

TDI, Hcl, Sodium hypochlorite

Commissioned

Location

Nominal Capacity

Actual Production

2008


192,402 t/y

30,180 t/y

Karoon Petrochemical Company (Phase 1)

Products

Ethylene, C+3

Commissioned

Location

Nominal Capacity

Actual Production

Export

2010


544,000 t/y

382,306 t/y

23,900 t/y

Morvarid Petrochemical Company

Products

HDPE, LLDPE

Commissioned

Location

Nominal Capacity

Actual Production

Export

2006-2007

Philippine

250,000 t/y

56,322 t/y

12,500 t/y

NPC Alliance

Products

PVC, EDC, VCM, Chlor, NaoH, Sodium Hypochlorite

Location

Nominal Capacity

Actual Production

Export

2011


2,151,000 t/y

1,015,736 t/y

149,800 t/y

Arvand Petrochemical Company

Products

PVC, VCM

Commissioned

Location

Nominal Capacity

Actual Production

2010


270,000 t/y

267,561 t/y

ProductsPhosphoric acid 100%

Commissioned

Location

Nominal Capacity

Actual Production

2011


125,000 t/y

45,279 t/y

Arya Phosphoric Jonoob Company

Products


N P C

21

HDPE

Commissioned

Location

Nominal Capacity

Actual Production

Export

2010


300,000 t/y

316,449 t/y

287,400 t/y

Mehr Petrochemical Company

Products

PP

Location

Nominal Capacity

Actual Production

Export

2000


80,000 t/y

66,768 t/y

13,900 t/y

Rejal Petrochemical Company

Products

PP

Location

Nominal Capacity

Actual Production

Export

2000

PePtrochemical Special Economic Zone

160,000 t/y

102,247 t/y

9,700 t/y

Navid Zarshimei Petrochemical Company

Products

PVC, DDB, NaoH

Location

Nominal Capacity

Actual Production

Export

1970,1975

Abadan

149,000 t/y

98,186t/y

13,400 t/y

Abadan Petrochemical Company

Products

Commissioned

Location

Nominal Capacity

Actual Production

1994


152,000 t/y

137,678 t/y

Shemei Baft Petrochemical Company

Products

DOP, PA

Location

Nominal Capacity

Actual Production

Export

1977


65,000 t/y

29,341 t/y

2,400 t/y

Farabi Petrochemical Company

Products

PP

Commissioned

Location

Nominal Capacity

Actual Production

1994-1996

Tabriz

50,000 t/y

51,269 t/y

Polynar Petrochemical Company

Products

ABS

Location

Nominal Capacity

Actual Production

Export

1997-2004

35,000 t/y

20,974 t/y

1,500 t/y

Products

22

16,052

26,52032,308

67,692

111,244

1990 2000 2005 2010 20110

20,000

40,000

60,000

80,000

100,000

120,000Billion Rials

Domestic Sales

4,893

6,066 6,384

10,532

11,858

00

200

400

600

800

1000

1200

20112010200520001990

Domestic Sales

1000 Tonnes

FFuel &l & HHyddrocarbbons 3434.3%3%

Aromatics 8.7%

Polymers 19.1%

Fertilizers 9.3%

Chemicals 28.4%

Domestic sales quantity break-down in 2011

FFuel &l & HHyddrocarbbon 2s 23%3%

Aromatics 11.8%

Polymers 34.6%

Fertilizers 3.4%

Chemicals 27%

Domestic sales value break-down in 2011

� � � � � �� Total domestic sales in 2011 reached 11.9 million tonnes, showing 13% increase compared with the previous year. The 2011 domestic sales valued at Rials 111,244 billion indicating an increase of 64% compared with 2010 sales (Rials 67,692 billion).


N P C

23

� � � � ��The volume of exports in 2011 was 18.2 million tonnes, valued at $ 14,662 million, showing 2% increase in quantity and 27% increase in terms of value compared with 2010. NPC’s major export markets are illustrated in the following chart. South East Asia and Ocean, India and Far East represent the largest share of our products in the world markets. With the implementation of our strategic plan projects, we are endeavoring to expand our market and increase our exports to cover other regions of the world.

5 25,216166,044

9,530

17,860 18,193

00

5,000

10,000

15,000

2,0000

20112010200520001990

Export

1000 Tonnes

2,3233,299

6,060

11,559

14,662

0

5,000

10,00

15,000

20112010200520001990

Export

Million dollar

Middle East 15.6%

India 20.4%

Far East 18.8%

Europe 4.9%

China 17.4%

SouSouthth EasEast At Asiasia anand Od Oceacean 2n 22 42.4%%

Others 0.5%

Value Export Market in 2011

Aromatics 2.9%

Polymers 9%

Fertilizers 22%

Chemicals 30.5%

Export quantity break-down in 2011

FueFuel &l & HyHydrodrocarcarbonbons 4s 42.52.5%%

Aromatics 5.2%

Polymers 17.3%

Fertilizers 10.8%

Chemicals 23.9%

Export value break-down in 2011

24

� � � �� P�� NPC is determined to keep the quality & environment standards at its subsidiaries & afff liates and Private sector at international levels.To this end, the application of ISO quality assurance standards is being increased.

Name Company ISO 9001 ISO 14001 OHSAS 18001 Received Received Received

2000200120062011

00Under planning

996

20051998

20012006201120092003

20062005

Under planning1998

2004

2005

2006201120092003

20062004

Under planning2000

2004

2005

Ab Niroo Co.Abadan Petrochemical Co. Amir Kabir Petrochemical Co.Arvand Petrochemical Co.Arya Sasol Polymer Co. y y 2009Bandar Imam Petrochemical Co.Basparan Co.Bisotoon Petrochemical Co. Bou Ali Sina Petrochemical Co. 2004Damavand Petrochemical Co.Esfahan Petrochemical Co. 1996

Fajr Petrochemical Co. 2004

Fanavaran Petrochemical Co. Faravarash Co.

Ahvaz Site/2008Mahshar Site/2009



Marun Petrochemical Co.

20102009

in process2002200320081999201120072008

20102009

in process

201120082000201120072008

20102009

in process

201120082002201120072008

Mehr Petrochemical Co.M h P h i l CMobin Petrochemical Co. Morvarid Petrochemical Co.CNational Petrochemical Co. Non-Basic Operation & Services Co. O & S CNuri Petrochemical Co. Orumiyeh Petrochemical Co.Pardis Petrochemical Co.Pars Petrochemical Co.Pazargad Non-Industrial Operation Co.

in processin processpin process

2003

1999

20072000

in processin processp

2010

2002

2000

2007

in processin processp

2010

2003

2001

2007

Karoon Petrochemica Co.Kavyan Petrochemical Co.yKermanshah Petrochemical Co.Kharazmi Co.Kharg Petrochemical Co. 1998

Khorasan Petrochemical Co.

Khuzestan Petrochemical Co.Kimia Co.

2011 2011 2011Jam Petrochemical Co.


N P C

25

IMS ISO 29001 EFQM HSE-MS Others Received Received Received Received Received

2004

2006201120092004200320062005

Under planning2001

20052004

2006

2006

Under planning

in process

20052010

20102005

2007Under planning

2003

2009

in process

20062011

in processp2005

2007Under planning

2004

2008

MSE 2000/2011EN 16001/2011ISO 50001/2011


2010 ISO 17025pISO 50001:in process

20102009

in process

20112008

20072008

in process

2003

200820062011

in process

201020082011200820102009

20102010

2010

2004

2011in process

in processin processpin process

20042005

2001

20072004

in process

in process

in process

in process

in process

2006

2010

in process

2010

2007

ISO 17025:in processISO 50001/in process

ISO GreenManagement/in processg p

2011 2010ISO 10015/in process

ISO 17025/2009

26

� � � �� P�� C� � ��

PIDMCO* ( )Petrochemical Commercial Co. (PCC)

Petrochemical Research & Technology Co. gypPetrochemical Special Economic Zone

Rahavaran fonoon Petrochemical Co. Rahbaran Petrochemical Co.Razi Petrochemical Co. Shazand Petrochemical Co.Shiraz Petrochemical Co. SPEC**

in processp199920082011200920031999199819972000

in processp

2011

200219991998

in processp

2011

200220011998

Tabriz Petrochemical Co.

2001 1999 2000

Terminal & Tankfarm Petrochemical Co.Tondgooan Petrochemical Co.gZagros Petrochemical Co.

20082006

200820062008

200820062008

Name Company ISO 9001 ISO 14001 OHSAS 18001 Received Received Received

* Petrochemical Industries Development Management Co.**Supplying Petrochemical Industries Parts,Equipment Chemical Engineering Co.


N P C

27

in processp

2011

200620052000

in process

2009

2007

in processp

2009200920102010200920102005

in process

2006

2005

ISO 10015/2009

ISO 10015/2009

2001 2005 2011ISO 10002/2008ISO 17025/2007

20082006

20112006

20102010

201120062008

ISO 10004/2011

IMS ISO 29001 EFQM HSE-MS Others Received Received Received Received Received

28

� � � �� N� � � �� C� �� NPC�� N� � � � � N� ��N��

Achievement of Green Industry title by Shimi Baft Petrochemical Company.Attainment of selected Green Service title provider by Petrochemical Special Economic Zone.Achievement of selected Green Industry title by Fanavaran, Mobin, Isfahan and Boualisina Petrochemical Companies.

� CC� P� � �� N� � �� P� � � � � � � NC� ��

1. Industrial HygieneMore than 70 industrial hygiene engineers are employed in petrochemical complexes nationwide. These engineers identify occupational health hazards including toxic materials, chemicals, noise, radiation pollution and heat stress which are taken into account through the health risk assessment process. Other industrial hygiene activities in 2011 were as follows: - Celebration of health week in petrochemical industries for promoting the health culture between employees

and their families. - Updating the NPC’s Health requirements. - Development of 3 industrial hygiene obligations in Petrochemical industries. - Auditing the industrial hygiene, environmental hygiene and nutrition programs in petrochemical complexes

based on NPC occupational Hygiene obligations. - Execution of several noise, lighting conditions and chemical exposure mapping activities. - Implementing and supporting several research projects related to industrial hygiene.

2. Environmental HygieneNPC environmental hygiene inspectors conducted periodic inspections to verify compliance with our comprehensive health standards for food and accommodation services. In 2011, inspectors took 1350 chemical and 2500 microbiological samples of drinking water for controlling the drinking water quality.

3. Periodic Workplace Health Examination New employees are screened medically before employment and in order to protect their health in the workplace, regular medical examinations are compulsory for all staff. In 2011, periodic health examinations were performed for 89 percent of workers whereas in 2010 this number was 88 percent.

Data from annual workplace health examinations*Percentage of workers who were approved, disapproved or who had work-related restrictions in accordance with the periodic health examinations.

4. Statistics of Work Related Diseases The table below shows a comparative overview of all identified cases of work related diseases in 2010 and 2011.

Disapproved*0.090.07

Work related restrictions*0.720.75

Approved*99.1999.18

Year20102011

Work Related Diseases

Noise Induced Hearing Loss (NIHL)

Occupational Asthma

Contact Dermatitis

Carpal tunnel syndrome

Lumbar Disc Disease

Occupational cancer

Total

Cases in 2010

168

8

11

1

18

0

206

Cases in 2011

115

6

2

0

6

0

129


N P C

29

5. Health performanceThe key performance indicators for occupational health are Total Reportable Occupational Illness Frequency (TROIF) which defined as sum of all occupational illnesses per million working hours and Total lost Time Occupational Illness Frequency (TLOIF). The below table shows trend of these two indices during the year of 2010 and 2011.

6. Health Promotion Several awareness training programs were conducted in regard to heat stress, noise, stress management, respirator seal check, hearing protection, ergonomics, shift work, health, musculoskeletal disorders, chemical hygiene, etc. for all NPC staff and contractors.

7. Health FacilitiesExtensive health facilities and hospitals have been provided for all NPC staff and their families to help ensure a healthy and productive workforce.Also there are number of clinics in petrochemical complexes that provide basic medical services for the workforce including preliminary and periodic health examinations.

P� ��

1. Completion and collection of the first safety & fire obligations in oil ministry. 2. Holding the first incident commander training for 17 fire fighters in Belarus. 3. Preparation of 3 animators training courses of fire and explosion in petrochemical complexes (Pardis, kharg

and Bandar Imam). 4. Preparation of the first training software on Process Safety Management (PSM). 5. Investigation on accidents in petrochemical complex. 6. Inspection and analysis of under construction complexes & implementation of pre-commissioning audit. 7. Preparing the supplementary report of fatal accident in petrochemical complexes. 8. Organizing National Safety day ceremony and choosing Top Companies. 9. Supporting the MS Project title on safety issues. 10. Preparation of training packages for petrochemical industry fire fighters. 11. Supervision of technical equipment, safety machinery and fire fighting through purchasing especial and

technical committee.12. Translation of BP process safety series. 13. Publication of crisis management in oil, gas and petrochemical industry book. 14. Introducing the 10 safety & fire circular regarding the loss and accident prevention.15. Holding the safety and TPM courses for operation and maintenance managers byJapanese experts. 16. Implementation of safety and fire fighting audits from petrochemical complexes.17. Holding the specialized meeting with petrochemical complex safety and fire fighting managers. 18. Plans for offering the safety training courses. 19. Performing 2oo internal & 4th rough out mock drill exercises in petrochemical company.

IndicesTROIFTLOIF

20100.75

0.008

20111.68

0.079

30

20. Selection of passive defense NPC supervision in national shabbily festival.21. Revision of HSE organization and adding the crises management to this chart.22. Compilation and publication of 3 safety & crises management book.

� � � �� C� � � � � � � � � � �We are working to reduce the environmental impacts of our operations.

1. Reduction of DischargePetrochemical industries use a lot of water which results in vast amounts of wastewater. Treatment of polluted water is one of our priorities. The status of wastewater production, reuse, and disposal in our complexes is shown in Table 1.

2. Air Pollutant EmissionAmount of gas emissions from all complexes throughout all phases of lifecycle was in accordance with the expectation. These emissions were measured and monitored regularly. Emissions of air pollutants into the atmosphere were within the standard ranges. The release volume of each type of gas emission is shown in Table 2.

3. GHG EmissionThe production and treatment of oil and natural gas are energy intensive operations. Therefore, managing CO2 and the other greenhouse gases (GHGs) produced by our facilities is a top priority. It is our goal to substantially reduce the industry’s GHG emissions. The release volume of GHGS emission is shown in Table 3.

Reuse or discharge of treated wastewater; m3/yr

Treated wastewater, m3/yr Produced wastewater, m3/yr

Irrigation of green area or Recycle to process: 5,759,895Discharge to surface water; 24,820,000Discharge to the sea; 4,030,380Evaporation in ponds; 2,803,200

5,297,97532,115,50014,927,605 5,116,245

Industrial Sanitary Industrial Sanitary

Table 1: Status of wastewater production and relevant management in the year 2011

Gas emission

Amount, tons/yr

CO

12,458

SO280

NOX25,311

PM

1,018

Table 2: Emitted gases from petrochemical complexes in the year 2010

Table 3: Emitted GHGS from petrochemical complexes in the year 2010GHGS CO2 CH4 N2O

Emission Rate (tons/y) 15,985,727 306.3 247


N P C

31

4. Waste ManagementAbout 124,615 tons of different solid wastes were produced during the year 2011, 94% of which was hazardous. These wastes were managed in accordance with their types and disposal technical issues, as shown in table 4.

5. Energy SavingThe National Petrochemical Company monitors the energy consumption in petrochemical production plants through review and survey of energy consumption trends and regular walkthrough energy audits. SEC (specific energy consumption) criteria and standard for most important and energy intensive production processes as well as polymer process was set. The study for energy standard setting for utility centers will be performed in corporation with Iranian fuel conservation company (IFCO).

6. Green Area DevelopmentWe expanded our green areas from 1,882 hectare at the end of 2006 to 1,863.58 hectare at the end of 2011. The national environmental standard for green area development is 10% of the total industrial area whereas by the end of 2011 our green area reached a total of 71.6 percent.

� �� In addition to specific training programs in each production and under construction plants, HSE offered general and special training courses for petrochemical industries. The following table shows the level of training activities in three categories for production and under construction plants.

Table4. The amount of waste as its disposal routes

Recycled wastes

Soild wastes Incinerated wastes

Disposed in Temporarystored

Total

Amount, ton 2714.73 24612.98 25961.01 62698.32 8627.91 124614.95Persent,% 2.19 19.75 20.83 50.31 6.92 100

Table 5. Training activity indicators in 2010 and 2011.

Training Index

Contractor employees

TotalOverseas Training

% of employeesMan- hrs% of employeesMan-hrs20112010

4100005070002016

919016

22.711.2

--

5086005410002156

1051756

27.612.4

--

32

P� �� C� � � � �� C� � � � � � ��PCC�Petrochemical Commercial Company (PCC), established in 1990, is one of the largest business corporations in the Middle East involved in marketing and sales of petrochemical products in the international markets as well as supplying Iran’s petrochemical downstream industries. Since 2010, in line with goals of article 44 of Iran Constitution and by the transfer of more than 52 percent of PCC’s share to Iran Investment Company (IIC) as a private party as well as a business partner of NPC, petrochemical commercial Co. has been continuing its brilliant activities as private sector.Products marketed by PCC are classified into 4 major categories:

Aromatics & ChemicalsPolymers FertilizersFeedstock and liquefied gases

PCC’s new corporate goal is to achieve the position of a real business leader in the Middle East. In this regard, PCC’s entire staff and management are working closely to have a company with excellent financial fundamentals, sound international operations, and a well- defined business system.Meanwhile, PCC with nine foreign offices and subsidiaries around the globe, including ENGLAND, GERMANY, CHINA, SINGAPORE, INDIA, U.A.E, S.KOREA and TURKEY, as well as cooperating with more than 30 agents in different countries, is seeking new business developments to strengthen its global presence and successfully expand trade activities. Eventually, by improving its quantitative and qualitative facilities and services, PCC endeavors to meet its customer’s requirements thoroughly.

PCC has four local affiliated companies.

1.Petrochemical Transportation Co. (PTC) 2.Supplying Petrochemical Industries Parts, Equipment & Chemical Engineering Co. (SPEC) 3.Apadana Petro Bazargan Co. (APBC) 4.Economic Modaberan Co. (EMC)

PCC has 5 subsidiary companies, 4 branch offices and several agents in different countries.

1.PCC United Kingdom Company (U.K) 2.Intra- Chem Trading ICT (GMBH) 3.PCC Singapore Ltd 4.PCC Shanghai International Ltd. 5.PCC FZE

1.PCC South Korea (Branch of PCC Singapore Ltd.) 2.PCC India (Branch of PCC FZE) 3.PCC Turkey (Branch of PCC FZE) 4.PCC Beijing (Branch of PCC Shanghai International Ltd.)

Following privatization, PCC took over shares of some Iranian producing petrochemical companies and petrochemical projects. In this way, PCC will be a producing & trading company in the coming years.


N P C

33

ABS

Petrochemical Commercial Co.

PCC PRODUCTS

www.petrochem-ir.net

POLY

MER

SLI

QUI

D GA

S & FE

ED ST

OCK

S

CHEM

ICAL

S

BENZEN

CRYSTAL MELAMINE

CAUSTIC SODA

METHANOL

MIXED - XYLENE

NITRIC ACID

ORTHO - XYLENE PARA - XYLENE

SODIUM BICARBONATE

TOLUENE

SODIUM CARBONATE

HYDROCHLORIC ACID

SODIUM HYPOCHLORITE

HEAVY END

LIGHT END

HEAVY AROMATIC

LAB

HAB

MEG

DEG

ACETIC ACID

EPOXY RESIN

CARBO DIOXIDE

1,3 BUTADIENETOLUENE DI ISOCYANATE (T.D.I)

VINYL CHLORIDE MONOMER (V.C.M)

METHYL TERTIRY BUTYLE ETHER(M.T.B.E)

PURIFIED TEREPHTALIC ACID (P.T.A)

TRI ETHYLENE GLYCOL (T.E.G)

ETHYLENE DI CHOLORIDE (EDC)

(Heavy & Light)

EPS

GPPS

HIPS

HDPE

LDPE

LLDPE

MDPE

PP

SBR

PVC

PET (FIBER & BOTTLE)

POLY CARBONATE (PC)

ARGON GAS

BUTHANE & PROPANE

C4 CUT & C4 RAFFINATE

C6-NON AROMATIC

CRACKED FUEL OIL (C.F.O)

DRY PYROLYSIS GASOLINE

ETHYLENE & LIGHT NAPHTHA

PROPYLENE (POLYMER GRADE)

FUEL OIL & HYDROGEN

PYROLYSIS GASOLINE

LPG & ETHANE

AMMONIA & BUTENE-1

CHLORINE & PROPANE PLUS

AMMONIUM NITRATE (Explosive)

AMMONIUM NITRATE (Fertilizer)

ANHYDROUS AMMONIA

SULPHURIC ACID

GRANULAR UREA

AMMONUM SULPHATE

34

P� �� C� � � � �� C� �� Petrochemical Commercial Co. International Ltd. (PCCI) - registered in Jersey, Channel Islands, in 2000 and then transferred to Labuan- Malaysia on Nov.2011 - is an international trading company active in International markets including Asia, Africa, Latin America, Europe, Middle East and CIS regions. The scope of its business core, mainly focuses on the purchase and sale of chemicals and aromatics, oil products, polymers, LPG and Fertilizers.

PCCI’s offices and representatives in the Middle East and CIS region along with good supporting of her partners, makes it as one of the main traders of Chemical and Petrochemical products in the Middle East and CIS countries. Its business is based on first hand market knowledge and long-term commitment to the suppliers and customers.

PCCI also acts as a leading global trading company with efficient, trustworthy and reliable services. Our clients can trust us for our capability as well as our tenet to abide by our commitments as per required specification and on time deliveries.

Therefore, whatever the requirements of a chemical, petrochemical and oil products company may be, PCCI is positioned to meet them through her commercial Depts.: - Chemicals & Aromatics Dept. - Crude Oil & Oil Products Dept. - Polymer Dept.

PCCI is one of the most experienced companies, having been as a leading player in Caspian for more than 12 years for Petrochemicals, Polymers and Oil products. We are active in tenders of the region producing countries. PCCI recognizes the increasing need and rapidly changing business environment. Our Company enjoys efficient delivery services coming from CIS countries and excellent customer care.

MissionInternational trading activities of products and services with focus on Chemical, Petrochemical and Oil Products connecting suppliers and users for meeting both side requirements.

most important enabler to fulfill the success.

Principal ActivitiesPCCI’s principal activities are focused on international trade in oil, chemical and petrochemical products with specific emphasis on: - Exporting oil, Chemical and Petrochemical products for the international customers - Swapping purchased Oil and Petrochemical products of CIS countries through Iran - Providing oil, Chemical and Petrochemical products required by International customers

Trading RecordPCCI has delivered more than 424,000 MT of LPG, oil products, chemicals and polymers to the customers in Iran and international markets. Turnover of the Company was around USD 902 Million during 2011 with about 4% increase in comparison with Year 2010. In spite of some problems especially raised by sanctions, our Company


N P C

35

succeeded to continue his transactions in international markets and purchase cargo from 8 origins selling them to 15 countries.Meanwhile, based on our goals for 2011, we managed to implement Self-Assessment project in PCCI based on EFQM Model for second year with the cooperation of more than 88% of PCCI’s employees. In this process, we could extract 8 Improvement Projects for the Company to be executed in 2011-2012 based on the schedule and planning. We used Balanced Score Card (BSC) to execute and monitor our strategies in PCCI. We did our best to make exact relationship between all measures with main goals and strategies and key processes of the Company.

It is worthy to mention that PCCI achieved the “RECOGNIZED TO EXCELLENCE” certificate in the second excellence festival of NPC in March 2011.

Value:$million Quantity:1000MT

Total Sales

0

100

200

300

400

500

600

700

800

2000 2007 2008 2009 2010 2011

31.67575.44

392

510

354

515

430

510

4574244

707

512Gasoline, 9.82

LPG, 25.81

Crystal Melamine, 0.18

PP, 0.88

PY Gas, 0.97

ECH, 1.43

Pheno, 2.66

A.C.N, 6.41

Fuel Oil, 7.57

PE, 44.28

Sale Value in 2011 (%)(21 March 2011-19 March 2012)

Supply Origins in 2011 (%)(21 March 2011-19 March 2012)

Saudi Arabia, 0.23

Uzbekistan, 1.52

Kazakhstan, 1.87

Turkmenistan, 41.57

South Korea, 0.23

Taiwan, 4.04

Germany, 0.96

Iran, 49.90

Target Markets in 2011 (%)(21 March 2011-19 March 2012)

U AU.A E.E, 1313 46.46

Pakistan, 0.12

Iran, 49.89

Greece, 0.05

SouSouthth KorKorea,ea, 0.0.0101

Philippine, 0.14

AzeAzerbarbaijaijann, 0 00.011

Vietnam, 0.47

Turkey, 1.36

Germany, 0.37

Belgium, 1.66

India, 0.79

China, 31.80

36

Petrochemical Research and Technology Company (NPC-RT)

In order to have a better understanding of existing petrochemical processes, creating and developing the technical know-how as well as supporting petrochemical industry in enhancing the productivity of processes, improving the products quality, and producing petrochemical products, with regard to the customers’ requirements, the necessity of establishing a knowledge-based research centre with the aim of creating technology in petrochemical industry seemed inevitable.

This company consists of three centres: Centre for research and technology of Tehran, Centre for research and technology of Arak, Centre for research and technology of Special Economic Zone besides the headquarters which are responsible for headquarters activities such as administrative, logistics, financial affairs and etc.

The role of Tehran Research and Technology Centre is so vital due to the fact that it is adjacent to the universities and research centres of Iran as well as the cooperation of these centres with the petrochemical industry. In addition, the research and technology centre of Tehran has acted as a bridge between production and commercial sector as well as customers of petrochemical products making the achievements of the industrialization possible through the researches. This centre is located in the 17th kilometre of Tehran-Karaj highway. The achievements acquired in this centre are executed in the centres of Arak and Mahshahr in pilot

will be performed. In the Tehran centre, there are well-equipped laboratories for synthesis and identification of materials and catalysts and reactor equipment are also available. Besides, the workshop facilities are at hand as well.

The catalytic research group uses many reactor test machines in laboratory scale which have been arranged for the tests related to gas conversion and dehydrogenation of paraffin in similar industrial conditions. Polymerization machines consist of semi-automatic polymerization system of polyolefin, full-automatic Strata and autoclave systems which are of Buchi type. In the customer-oriented workshop, polymer-formation

and hot-press machines are being used.

The Tehran Centre has a well-equipped workshop which is capable of making different types of catalyst reactor test machines and autoclaves .This workshop has the potentiality to calibrate Brux mass controllers. There is also the capability of manufacturing glove box and design and manufacturing of interface control system to reactor.

The laboratories of Tehran Centre consist of catalyst research laboratories, polymeric research laboratory, non-polymeric research laboratory, customer-oriented research laboratory, novel technology laboratory, catalyst


N P C

37

analysis laboratory, polymer analysis laboratory and gas chromatography laboratory. These laboratories are capable of providing laboratory services to the universities and other research centres since they are equipped with novel facilities. Some of the outstanding achievements of the Tehran Centre are as follows:

- Achieving the know-how and producing the catalysts of dehydrogenation paraffin, methanol and methanol conversion to dimethyl ether and propylene those which have successfully passed the pilot tests.

- Achieving the technical know-how of dimethyl ether processes, methanol to propylene, vinyl acetate monomer and acetic acid and the catalysts of the last-mentioned process have been successfully tested in Fanavaran Petrochemical Company.Providing PDP of methanol to propylene, vinyl acetate monomer processes and producing catalyst of methanol in Pilot plant scale.

- Achieving the know-how and preparing HDPE catalyst which has successfully been tested in Maroon Petrochemical Company in industrial scale.

- Kinetics, modelling and simulation of technologies related to polyolefin processes.- Substituting catalysts of Spheriline unit with the cooperation of Jam Petrochemical Company.- Commercialization of polyolefin nano-composites which are consumed in auto-manufacturing and packaging

industries. Manufacturing standard materials with laboratory purity such as the mixture of standard gases of calibration and some chemical substances.

- Acquiring the know-how and production of thermal multi-purpose transmitters.- Providing and presenting software for monitoring the pipes corrosion.- Achieving new environmentally friendly corrosion resistant coatings.- Troubleshooting, solving problems and increasing the capacity of industrial complexes as well as economic

feasibility studies and economic investigation are among other activities of this centre.

The Arak Research and Technology Centre is situated in 21st kilometre of Arak- Bojnourd highway in a land with an area of 40 hectares with the aim of Planning and performing research projects in order to achieve the production process know- how of various petrochemical products and meet the requirements of petrochemical industry. Regarding its facilities and equipment including pilot plants and laboratories , this centre is considered as the applied research projects centre of the company including Research laboratory, Analysis laboratory, Polymer industries workshop, Polymer & chemical Engineering Research department, procurement and warehouse, financial and administrative department, process and production engineering department, HSE and etc.

Research act iv i t ies of this centre are divided into research engineering and research laborator ies and analyt ic laboratory is l iab le for per forming a wide range of analys is required by research pro jects o f th is cent re and other academic and research cent res. Executive and operational activities are undertaken by general engineering, workshops and process engineering department. These units take the advantage of state-of-the-art equipment and experienced well-

38

prototype production and research units, producing chemical substances of laboratory grade, laboratory-research achievements, verifying and solving the problems of the industrial units.

The developed know-how of this centre consists of:Providing the design package of production unit of tetra methyl ether glycol with a capacity of 6000 tons per year.Providing the design package of commercial plant of hydrogen peroxide with a capacity of 10000 tons per year.Designing the pilot of Ziegler-Natta catalyst (AZD)Providing the design package of the production unit of Methanol synthesis with a capacity of 180 tons per year.Providing the design package of additives of polymeric products in petrochemical industry: - Irganox 1076 - Irganox 1010

EruchamideThe recovery unit of Amine: Laboratory-grade chemicals required by domestic industries are produced in the laboratory of this centre

The laboratories of the Arak Centre: - The research laboratory - Analysis laboratory

The Research and Technology Centre of Special Economic Zone was established in the site No.3 of Special Economic Zone in Mahshahr with an area of 51200 square meters in 2002 in order to achieve the technical know-how of petrochemical production units, meet the relevant requirements and stop the independence of Iran petrochemical industries. The main objectives of the above-mentioned centres are establishing pilot plants to conduct applied and basic researches with the aim of acquiring know-how and offering appropriate methods to increase production. The feed of these pilot plants can be easily provided, since this centre is in the vicinity of petrochemical complexes of the Special Economic Zone.

The pilot plants of this centre consist of:

PET pilot plant, semi-industrial unit of vinyl acetate monomer, Demo unit of MTP with the possibility to produce DME in its first reactor as well as MTP pilot plant.

Regarding the abundant gas reservoirs of Iran and the necessity of optimal use of these reservoirs for economic growth and development and increasing national income, the use of gas technologies to reach products with


N P C

39

a higher added value is felt more than before. Therefore, the process of propylene production via methanol (PVM) as a new technology in the form of catalyst production, process development, commissioning and launching pilot plants, MTP Demo plant and designing industrial unit was listed in the agenda of the research and technology company’s activities.

In 2010, the Demo unit of MTP and its pilot using an Iranian-made catalyst was launched.Non-polymeric and polymeric analysis laboratory of this centre own equipped machinery as follows:- Viscometer machine made by LAUDA Company for determining the inherent viscosity of polyesters such as PET polymer.

- DSC machine made by Mettler Toledo for determining the melting-point, polymer crystallites and so on.- Various types of automatic titrations and Karl Fischer.

The non-polymeric research laboratory of this centre has been supplied for installing non-polymeric setups and conducting relevant researches. The Chlor-alkali setup of this laboratory is currently active.

It is noteworthy that all the mentioned achievements and also the achievements of petrochemical complexes, are registered, patented and held by documentation affairs and patent registration services in Iran and abroad and also necessary consultations regarding the intellectual property to all applicants of industry are made with the assistance of professional international lawyers.

Financial performance of NPC-RT and R&D Departments as well as break-down of completed research projects in 2011 are shown in the below figures:

Budget Diagram of NPC-RT Company &

NPC-RD Departments in 2011

KhoKhorasrasanan PC;PC;0 10.18%8%BiBisotoon PCPC;0 30.38%8%Esfahan PC;0.3%ShiShirazraz PCPC;0;0.76%76%Kharg PC;0.16%Bou Ali Sina PC;8.27%Arvand PC;3.41%Mobin PC;0.77%Khozestan PC;0.40%Tabriz PC;0.76%Bandar Imam PC;18.01%NPC-RT;65.56%

Break-down of Completed Research Projects in 2011

Fajr PC;4.59%KhoKhorasrasanan PC;PC;2.32.30%0%BisBisotootoonon PC;PC;1 11.15%5%Esfahan PC;1.15%ShiShiraz PCPC 1;1.15%15%Kharg PC;5.75%Bou Ali Sina PC;1.15%Arvand PC;1.15%

Mobin PC;1.15%Khozestan PC;4.59%Tabriz PC;8.05%Bandar Imam PC;39.08%NPC-RT;28.74%

40

Manpower & Training Through the implementation of a progressive manpower-training program, NPC aims to maximize the learning opportunities for every employee and to ensure that the development of the competence and skills of the work force evolves with technological advancement. To this end, regular vocational and theoretical courses are being offered to ensure all employees keep up with the new developments in the industry. By the end of the year 2011, NPC’s total manpower was 10,158, showing a 0.7% decrease compared to the previous year. This was due to the privatization of two Government-owned companies namely Rahbaran Petrochemical Company and PCC International Company, in line with the implementation of the privatization policies based on the requirements of Article 44 of the country’s Constitution. Other reasons for the said decreas include retirement of some employees as well as transferring many employees to the other compaies in oil industry. It goes without saying that the qualifications of NPC staff are essential to guarantee business success; NPC is one of the companies that invest most in employees development, from basic training to post- graduate courses. Numerous on- the- job trainings are being conducted by our training department to raise standard and improve skills of manpower. This year, NPC personnel attended 325,325 man- hours of training including employees 287,272 man-hours, managers 13,589 man-hours and labors 24,464 man-hours. A number of employees also attended post-graduate university courses.

Manpower

20020055 20120100 201201110

4,000

8,000

12,000

16,000

20,000

16,600

14,681

10,228 10,158

Training the petrochemical employees in 2011

Tecechnicalca CoCoursu se 2e 3%3%

Seminar 4%

Computer Course 11%

English Course 33%

Non-Technical Course 29%

Training the petrochemical personnel in 2011

Managers 4%

LabLaborsors 8%8%


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42

AmenitiesSince a large part of the petrochemical industry has been established in Petrochemical Special Economic Zone (PSEZ) in the city of Mahshar, Khuzestan province as well as in Pars Special Economic Energy Zone (PSEEZ), in Bushehr province, NPC has provided various welfare and residential facilities in order to attract human resources in these zones.

The Non-industrial Operation and Petrochemical Industries Services Company in Mahshahr

The Non-industrial Operation and Petrochemical Industries Services Company was established and began to work in 1990, with the aim of giving services to employees of petrochemical related- companies in Mahshahr and to Provide manufacturing companies with services and to concentrate on production on the bases of cultural, sport and educational services (transportation, accommodation, restaurants) Estate, Eram Park, construction projects and municipal services such as water supply, drainage, planting and maintenance of residential landscaping in general. Social and Cultural Services

Ferdowsi cultural center in MahshahrBagher-al-olom Cultural center in Be’sat townTwo consulting centers in Mahshahr and Be’sat townTwo children centers in Mahshahr and Be’sat townThe other cultural and social services are included: various sport facilities and holding competitions in indoor and outdoor stadium as well as indoor swimming pools.

Airline services via Mahshahr airportMahshahr airport has advanced facilities such as radio and navigation equipment in control tower, fire station and land safety, aerology station and refuel unit with a capacity of one hundred thousand liters. It is one of the active airports which is controlled and managed by Non-industrial Operation Company.

Airport buffet welcomes to passengers with convenient facilities.Air ticket selling and booking services for petrochemical- related employees, carrying about 25 thousand passengers per month. Airport agency providing passengers with services in a short time. Providing broadband wireless internet in Mahshahr airport

Transportation ServicesProviding transportation for the employees families commuting to schools and other educational centers

Public ServicesRestaurants: This company owns 5 restaurants named Nargis, Milad Noor, Pirooz, Pakravan and Eram located in Mahshahr Industrial Area and Eram Park, serving more than 4 thousand meals a day to the families of petrochemical companies’ employees according to highest standards.


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43This company has two movietheaters which screen the lates movies. They also display various shows in holidays and special days in the area. Hotel: This company provides more than 60 units of a very good hotel, for accommodating petrochemical companies’s guests and agents from other areas, giving services to guests with a total of 454 rooms and 950 beds.

Eram ParkEram park has been constructed near Jarahi river with an area of 60 hectares, situated in 20 kilometers of north of Mahshahr. It consists of four parts, with a totally natural and beautiful environment for the families petrochemical companies’ employees and all other citizens. Among the facilities are: Artificial lakes and boating , Zoo , Bird Garden, Restaurant , Outdoor cinema and a Four-D dimension cinema, Cycling track and Skating , Carting, Nursery, Citrus Garden, Various bowers and forest park. This park is one of the most beautiful parks in the province.

Municipal services in Be’sat townProviding maintenance and municipal services for the employees residential sites.CleaningGreen beltRoads maintenanceLocal parksMaintenance of mosques and other religious buildings & constructions.

Security ServicesProviding guards and security services for the petrochemical residential areas in Be’sat town and also Petrochemical industrial arias in Mahshahr.

Planning, Information and Communication Technology

ADSL2 + broadband services for more than 2,000 employees.Internet services for Be’sat town familiesProviding internet services for Mahshahr.Preparing quarterly reports, statistics and analysis of evaluation for providers.

Maintenance & implementation of Integrated Management System IMS, and preparing quarterly survey and analysis of customers’ satisfaction and evaluation of providers, analysis and monitoring processes for 6 months.Strategic planning on the basis of BSC logic in the company.

44

Pazargad Non-Industrial Operations Company in Assaluyeh

Pazargad Non-Industrial Operations Company, through a wide range of non-industrial operations, satisfies a great part of the needs of petrochemical industries manpower in the region of South Pars (Assaluyeh), such as the needs of the staff and their families to municipal, cultural, welfare & social, medical, and educational services in the region.

The scope of the services provided by Pazargad Non-Industrial Operations Co., are as follows:

Welfare, cultural & sports services

Hotels & Guest housesTransportation (Air transport)RestaurantsResidential CampsSports ServicesCultural Services

Municipal Services & Operational Affairs

Land Transportation Trash Collection & TransferSchools ManagementProviding logistics for clinics in residential townshipsDevelopment & Maintenance of urban green spacesResidential Buildings MaintenanceBusiness Centers ManagementEducational & Cultural ServicesFamily Consulting ServicesSecurity Services

Internet ServicesRestaurant ServicesSupervising Foundational Facilities in TownshipsSports Services


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45

HSE Services

Providing safety services for South Pars Petrochemical RegionProviding environmental services for South Pars Petrochemical RegionProviding hygienic services for South Pars Petrochemical RegionConducting HSE assessment for South Pars Petrochemical RegionProviding technical inspection services

Security Services

Providing offsite security services for petrochemical projectsProviding security services for residential township and public placesProviding security and consulting servicesPlanning & executing Clients Respect Programs

Providing electronic protection services

Green Spaces Services

Providing offsite green spaces services for petrochemical projectsProviding green spaces services for other accommodation & residential areas

46

Petrochemical Industries Development Management Company (PIDMCO)Petrochemical Industries Development Management Company (PIDMCO), a fully owned subsidiary of National Petrochemical Company, was founded on Jan. 21, 1995 in order to perform tendering and execution of NPC’s developments projects.In this direction, PIDMCO has successfully accomplished bidding and contracting of many projects with the competent and qualified EP and/or EPC contractor, using the state-of-the art and the advanced process technologies as well as precisely supervised and aptly managed the execution of some of those EP or EPC projects.

At recent years, PIDMCO has been undertaking the bidding, contracting and implementation of petrochemical and infrastructural projects in Asaluyeh and Mahshahr, two major special economic zones located in south of Iran. Abreast with the above activities, PIDMCO has been focusing on three vital issues: i)research and development for improving project management; ii) training the skilled manpower required for oil, gas and petrochemical projects implementation and iii) assisting private sector in bidding and contracting.

PIDMCO’s main activities are briefly mentioned as follows:

1. Petrochemical and infrastructural projects completed up to now1.1. Petrochemical projects

Kharg Methanol plant-No1Bandar Imam Para-xylene plantBandar Imam MTBE plantGachsaran-NGL 1200Bibi Hakimeh-NGL 1300Razi Urea granulation plantBandar Imam export storage tanks & terminalsAmmonia and Urea plants in Asauyeh-No1Razi 3rd Ammonia plantAmmonia and Urea plants in Asaluyeh-No2Pars Petrochemical Company - Ethyl Benzene plant - Styrene Monomer plant - Polystyrene plant(suspended)

The Centralized Tank farm in Phase II of Asaluyeh (Basic Engineering)1.2. Infrastructural Projects

Residential complex in Besat town (Mahshahr)Training center in Besat town (Mahshar)Besat town hospital (Mahshahr)Airport and terminal area preparation (Mahshahr)Overpass in special zone road (Mahshahr)Overpass in airport access road (Mahshar)Accomplishment of power, sewage system and other utilities, roads lighting in Mahshahr and Besat town. (Mahshahr)Dynamic compaction and leveling for reclaimed lands (Asaluyeh)Temporary camp for construction period (Asaluyeh)Construction of 125m hallway for all feed and process product pipes (Asaluyeh)Petrochemical guest houses in shirinio and all related facilities (Asaluyeh)NPC headquarter building (Tehran)Aftab cultural and recreation complex (Choghakhor)Wastewater treatment plant for Jam residential complexRough grading and land preparation Phase II (Asaluyeh)

2. Projects Currently under Implementation

2.1. Petrochemical Projects


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West Ethylene Transfer Pipeline3rd NF Plant and its’ interconnection in Bandar Imam ComplexShiraz 3rd Ammonia & Urea PlantsPower and steam generation plant for shiraz 3rd Ammonia & Urea plantsUtility and offsite plant for shiraz 3rd Ammonia & Urea plants

2.2. Infrastructural Projects

Land reclaiming for petrochemical plants (phase II) (Asaluyeh)Housing in Jam (Asaluyeh)Mosque, training buildings, shopping and sport centers (Asaluyeh)Temporary camp for construction period- phase II (Asaluyeh)Gas pipeline (Jam)Wastewater treatment transmission line (Jam)Construction of the waterfront phase II (Asaluyeh)

Flood repulsion channel (Asaluyeh)Concrete structure for the interim of phase I and II (Asaluyeh)Construction of 2nd band of ways, crossways and complex ( Besat town, Mahshahr)

3. Project management research & Development center studies focuses on:

3.1. Finished project in 2011

Technical support of Petronet portalContent Management of Petronet portal

3.2. Underway

Renewal of Petronet portal and its’ technical and content supportWriting and translation of 17 books with project management orientationSponsorship of 6 dissertations in PhD or Ms.Design of comprehensive portfolio, program and project management methodology

4. Skilful manpower training program

Training project was launched in May 2001 with six main training subjects including TIG welding, ARC

Training program has been suspended due to the current strategy of the company.

Summary Status for Training of skilled worker (2002-2009)

No. of trainedpersons

Mechanical erection

145

Instrument

1178

ArgonWelding

22895

total

64246

Steel welding

580

ElectricalWelding

8316

Aluminum Welding

268

Piping

21453

IndustrialPower

9321

48

Project Development Activities

Pursuant to NPC’s strategic plan, carried out by the company’s planning & development department, the most of the projects of the company’s 4th development plan have been completed and officially inaugurated. The remaining of the 4th 5-year development plan includes 14 production projects, utility and infrastructural facilities which are under different implementation stages such as: procurement, construction & erection, pre-commissioning and commissioning .These projects will be built in Petrochemical Special Economic Zone (PSEZ), Pars Special Economic / Energy Zone (PSEEZ) and other regions. The 5th 5-year development plan includes 62 production projects and utility facilities which will be implemented by private sector and NPC.


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5050

Petrochemical Special Economic Zone (PSEZ)Petrochemical Special Economic Zone (PSEZ) is located in the south-west of l.R. of Iran, on the Persian Gulf coast, within the boundaries of Mahshahr, a district of Bandar-Imam Khomeini (BIK).PSEZ became active in 1997 according to a declare issued by the High Council of Free Industrial and Trade Areas.BIPC, Razi &Farabi are included in PSEZ, which covers an area of about 2615hec.The zone was established due to available natural resources and geo-economic advantages. Special Economic Zones ‘regulations Provide excellent opportunities and encourage development of petrochemical production and trade in regional and National as well as international markets (downstream industries),transfer of modern technology in to the country; they also create new .jobs, increase export of petrochemicals and other products.PSEZ is responsible for management of development activities especially infrastructure projects in the Zone.BIK (located beside the PSEZ) is a well-equipped port with 33 jetties and 30 million tones capacity per year.

PSEZ is also supported by 7 exclusive jetties for handling 10-15 million tones of liquids and solids per year.

PSEZ welcomes d o m e s t i c and foreign investors to participate and share the advantages a n d achievements of the zone.

Service/welfare buildings comprising commercial, administrative medical, educational and training center, customs, banks.Green belt and landscapes.Rest area:

Motel with150 beds.CNG &Gas station.Restaurant &cafeteria.Working &Shopping facilities.Parking area for heavy vehicles.

AdvantagesAll goods and machineries imported into the PSEZ for manufacturing/processing, or service providing, shall be exempted from the usual Iranian import-export regulations.A portion of goods produced in PSEZ, equal to the percentages of created added value in the zone, may enter duty-free into mainland.Import and storage of goods and commodities such as:Raw Materials, machineries, equipment, tools and spare parts are permitted.Re-export without restrictions or formalities.Transfer of all or part of the commodities is allowed.Special labor laws like free zones.Good standard infrastructural facilities are provided.


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52

Main featuresEasy access to international sea routes.Easy access to domestic & international roads.Easy access to domestic & international railways network.Availability of oil, gas and energy resources.Domestic petrochemical market.Easy access to European and Asian markets.Duty Free Zone.

VISIONSProviding appropriate infrastructural facilities for industrial, manufacturers and services investors.Persuading investors and know-how creators to participate in petrochemical projects- and other industries.Preparing opportunity for marketing, import, export and re- export activities.We are responsible for HSE policies.Human resources and customers are our everlasting capital So, we do our best to increase their knowledge.

Infrastructural Facilities Water,power and gas net workMode in telecommunication facilities.Central fire fighting station;Central station for environmental protection.Effluent collecting network, central treatment plant.Feed and product pipe lineInternal road sand transportation network.Internal railway network and station.Import-export storage tanks for liquids (Tank Farm) and warehouses (for solids).


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The Sites of the ZonePSEZ is divided into five sites as follows:

SITE 1In the northern section 380hec. For Petrochemical downstream a n d other industries such as pipe.industries; instrument, construction materials has been established.Hence new investors are welcome.

SITE 2470Ha3 Petrochemical complexes are in operation.2 Intermediate industries are in operation.One Utility Plant in operation.General Rail Station & ware houses.

Hence new investors are welcome.

SITE 3320Ha2 petrochemical complexes are in operation.4 intermediate plants are in operation.Central workshopPetrochemical training center in operationPetrochemical research and technology in operation


SITE 4220Ha4 Petrochemical · complexes are in operation.1intermediate plant in operation One utility plant in operation

SITE 5790Ha2 Mega petrochemical complexes are in operation.1intermediate petrochemical plant is in operation.5 private companies are engaged in tank farm industry.Liquid jetties.


54

Pars Special Economic Energy Zone (PSEEZ)Pars Special Economic Energy Zone Organization, representing Ministry of Petroleum and NIOC, is responsible for management and leading the activities of South Pars, Pars Kangan and North Pars operational fields. The main activities including definition, approval (design, construction, operation and maintenance), establishment and construction of general infrastructures such as roads, railways, ports, airports, power, water, management as well as direction of the zone are among its main responsibilities and missions. This organization as the authority to 3 zones, namely Pars 1 (South Pars) measuring 14000 hectares, Pars 2 (Pars Kangan) measuring 16000, and Pars 3 (North Pars) measuring 16000 hectares, totally measuring 46000 hectares aiming to support the plan for development of the largest gas field of the world (South Pars common gas field) and 5 others, namely Golshan, Ferdowsi, Mond, North Pars and Farzad gas fields. Pars Special Economic Energy Zone Organization is a legal and independent entity whose asset belongs to the government. This organization is legally subject to the law on establishment and administration of special economic zones of the Islamic Republic of Iran and in cases unpredicted in the said law and articles of association, follows the current rules and regulations of the country including the Trade Act. The fundamental goals of the establishment of PSEEZ Organization are set to prepare the grounds for enjoying relative advantages in the fields of oil and gas, establishment of necessary infrastructures for attracting local and foreign investments in the field of downstream industries including petrochemical, convertible and semi-heavy industries, in addition to upstream industries including gas and petrochemicals, enhancement of the employment rate, increasing national income, access to foreign technology and modern managerial knowledge, use of transit capabilities of the zone to support the production sector, making efforts to attract and support investors for execution of plans, providing necessary conditions for participation of private sector including domestic and foreigners in investment plans and ultimately, comprehensive and sustainable development of the special economic zone with focus on human development.


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Background

Pars Special Economic Energy Zone is the largest specialized economic zone for oil, gas and petrochemical industries (in addition to a vast range of downstream, convertible and semi-heavy industries as well as service and commercial uses) in the world. This zone was established in 1998 to use the oil and gas resources of south Pars field and perform economic activities in the field of oil, gas and petrochemical industries. Area of this field is 9700 km² out of which 3700 km² is within the Iranian waters and 6000 km² is within the waters of Qatar. Gas reserves accessible to Iran, according to the recent estimations, is about 450 trillion cubic feet that accounts for nearly 6.8% of the world’s gas reserves. The volume of relevant gas condensates is estimated to be around 17116 million barrels. Within the last modifications performed in Pars zone, the space area is increased by 46 hectares in order to operate the reserves of North Pars, Golshan, Ferdowsi and Farsi (B) oil fields, Mond heavy oil and anticipate the sufficient space for development of onshore facilities of upstream industries including oil, gas and petrochemicals.

Geographical situation

Pars Special Economic Energy Zone is located at 300 km from eastern Bushehr province sharing the border with Persian Gulf, 420 km far from western Bandar Lengeh and 570 km off western Bandar Abbas. It is about 100 km far from South Pars gas field in Persian Gulf (according to the map) attached to the North field of Qatar.

27 degrees latitudinal and 52 degrees longitudinal.Naturally includes plain, mountainous and coastal lands. The Eastern zone is mainly surrounded by mountains while the western part has littoral plains in view.

56

Climatic Conditions

This zone enjoys sultry weather, hot summers and moderate winters. Maximum temperature in the summer reaches 50 degrees Celsius above zero and minimum temperature in the winter falls to 5. This zone is often windy blowing from the northwest to southeast. The rainfall is low seasonally with an average of 180 mm. The level of relative moisture generally exceeds 50% and reaches 90% maximum.

Operational Sites

1. Pars 1 Zone (South Pars): This zone, covers 14000 Hectares, consisting 16 gas processing phases and 15 petrochemical complexes as well as downstream industries, various relevant industries and semi-heavy industries. Phases 1-10 have been operated and phases 15, 16, 17, 18, 20 and 21 are being developed in the zone.

2. Pars 2 Zone (Pars Kangan): Respective lands of Pars 2 Zone (Pars Kangan), with an area of 16000 Hectares, consisting 8 refinery phases and one LNG project. Development of phases 11, 12, 13, 14, 19, 22, 23 and 24 and IRAN LNG Factory has been planned in the said zone.

3. Pars 3 Zone (North Pars): Respective lands of North Pars have an area of 16000 Hectares, allocated to support the development of some important Hydrocarbon fields. Gas fields of North Pars, Golshan, Ferdowsi as well as Farzad A & B are located in this operational sites.

A list of opportunities for investment in PSEEZInvestment Opportunities in Chemical and Petrochemical Industries

Production of cold and hot insulators, usable in gas and petrochemical industries through direct investment Production of ESBR rubber through direct investmentProduction of various kinds of rubber and plastic compounds via direct investmentConversion of propylene to propane through direct investment


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Investment Opportunities in Industrial Projects

Manufacturing the equipment required for oil , gas and petrochemical industries through direct investment Fabricating steel structures through direct investmentProduction of industrial faucets through direct investmentProduction of various industrial breads and pastry through direct investment Production of various canned fish through direct investmentOperation of airport caterings through civil partnership

Investment Opportunities in tourism and welfare projectsEstablishment of 3-4-and 5-star hotels through civil partnership Establishing water sports, recreational and educational clubs through civil partnership Establishing multipurpose recreational centers (sports, recreational and amusement park) based on BOT contractEstablishment of residence, trade and tourism units through civil partnership Establishment of shopping malls (hypermarkets) through civil partnership Establishment of traditional hotels through civil partnership

Infrastructural Investment Opportunities

Production of drinking water through BOT contractDesigning and developing central sewage system via EPCF contractImplementation of the second runway and main terminal of Persian Gulf International Airport in the form of EPCF contractImplementation of installations corridor of PSEEZ in the form of EPCF contractImplementation of waste water management project in PSEEZ based on civil partnershipEstablishment of large industrial chillers in order to store the perishable foodstuffs through civil partnership

58

Karoon Isocyanates - Phase 2 Implemented by: Karoon Petrochemical Co. (Private Joint Stock)Location: Petrochemical Special Economic Zone Area: 34 hectares (Phases 1&2) Ownership: Bandar Imam Petrochemical Co. (40.9%), Chematur of Sweden (30.6%), Petrochemical Industries Investment Co. (PIIC) (20.4%), PCC (8.1%)

ApplicationsRaw material for polyurethanes (for the production of foam and sponges), automobile parts, insulation, surface coverage, urethane elastomers, adhesives, shoes industry,...

Methylene diphenyl di-iso cyanate (MDI) 40Choloridric acid 45

Intermediate Final

Total 85-

Products slate (’000 t/y)

Chlor Alkali & PVCImplemented by: Arvand Petrochemical Co. (Private Joint Stock)Location: Petrochemical Special Economic Zone Area: 108 hectares Ownership: NPC (80%), Petroleum Ministry Retirement & Welfare Fund (20%)

ApplicationsIn production of various containers, kitchen appliances, plastic and medical parts, pipes, detergents, toys, antiseptic, textile and insulation.

PVC (Suspension) 300PVC (Emulsion) 40Liquid chlorine 187Ethylene dichloride (EDC) 330VCM - Caustic soda (100%) 634Sodium hypochlorite 16

Intermediate Final

Total 1,507

343

2,478


Bandar Imam 3rd NFImplemented by: Petrochemical Industries Development Management Company (PIDMCO)Location: Bandar Imam Petrochemical Complex Area: 7.8 hectares Ownership: BIPC (100%)

ApplicationsFeedstock for petrochemical units & as fuel.

Intermediate Final

Total 2,685

Butane 688Ethane 443Propane 870C+

5 649Fuel gas 35


-

Propane to De-Hydrogenation (PDH)

Implemented by: Salman-e-Farsi Petrochemical Co. (Private Joint Stock)Location: Petrochemical Special Economic ZoneArea: 16.75 hectaresOwnership: National Petrochemical Co. (20%), Marun Petrochemical Co. (20%), Navid Zarshimi Industry (20%), Rejal Petrochemical Co. (20%), Zarif Mosavar (10%), Saderfar Co.(10%)

ApplicationsFeedstock for polypropylene, phenol and acrolynitryl units.

Product slate (’000 t/y)

Intermediate Final

Total 450-

Project under Construction NPC’s projects are implemented under supervision of the Projects Directorate. These projects are under construction in Petrochemical Special Economic Zone (PETZONE), Pars Special Economic Energy Zone (PSEEZ) and other regions across the country.


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Centralized Utility (Fajr, Phase 2)Implemented by: Fajr Petrochemical Co. (Private Joint Stock)Location: Petrochemical Special Economic Zone ( 5 km from Fajr-1) Area: 30 hectares Ownership: NPC (70%), Justice Shares Broker Co. (30%)

ApplicationsUt i l i t i es requ i red by the p rocess p lan ts i n Petrochemical Special Economic Zone are supplied by Fajr Petrochemical Co.

Electricity mwSteam t/hRO water m3/hDM water m3/hCooling water m3/hSanitary water m3/h SW (Service water) m3/hFW m3/hLimpid water m3/hInstrument air nm3/hService air nm3/hNitrogen nm3/hOxygen nm3/h

Products Final648

, ,

, , ,

AcrylonitrileImplemented by: Arg Petrochemical Co.Location: Bandar Imam Special Economic Zone

ApplicationsIn production of Acrylic fibers, ABS & SAN Resins, Nylon, Adiponitrile, Industrial fibers, Elastomers,...

Acrylonitrile Acetonitrile Hydrogen cyanid Ammonium sulphate

Intermediate Final

Total


-

-

100 3.2

11 12

126.2

AcrylatesImplemented by: Ofogh Polymer PetrofannavaryLocation: Petrochemical Special Economic Zone

ApplicationsLeather industry, Paper industry, Textile, Protective coating,...


Acrylic Acid 30Propylene -Acrylic Esters 62Oxy alcohol 25Superabsorbent polymers 45Liquid Carbonic Gas 7

Intermediate Final

Total 169260

100

60

PBT/Maleik AnhydrideImplemented by: Ebn-e-Sina Petro KimyaLocation: Bandar Imam Special Economic Zone

ApplicationsProduction of Polyester, resins, Maleic Acid, Formalic Acid, Auto-industry, marine industries, Lubricant oil additives, Electronics, Filament fibers, elastic fibers, polyurethane, co-polyester elastomers and polyether.


Intermediate Final Anhydride maleic 25Butanediol 20Polybutylene terephthalate (PBT) 60Iso Butane 50

Tetrahydro furan 24Total 179

75

185

2nd Liquid Products JettyImplemented by: Petrochemical Special Economic Zone OrganizationLocation: Petrochemical Special Economic Zone

Loading/unloading capacity Overall length Main body length Main body width Access bridge length Access road length Access road width Procurement, Erection & Commissioning Contractor: Steam Co.

Marine structure & Industrial civil contractor: Omran Falat Co.

2 4300

98 928 15

9056

16 5

mn t/y m

m

mm

Maleic Anhydride (MAH)Implemented by: Modabberan Shimi CompanyLocation: Petrochemical Special Economic Zone Area: 4.5 hectares Ownership: Private sector (100%)

ApplicationsIn production of polyester resins,alkyd resins,insecticide,…

Products slate (’000 t/y)Intermediate Final

MAH 20Furmaric acid 4Unsaturated Poly ester resins 15Total 39-

Methyl Ethyl KetoneImplemented by: Arya Shimitex Company (private joint stock)Location: Petrochemical Special Economic Zone Area: 5 hectares Ownership: Private sector (100%)

ApplicationsUsed as a solvent chemical industry particularly in paint industry.


Intermediate Final

Total 8Methyl Ethyl Ketone/Butyl Alcohol (MEK/SBA) 8-

-


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Butene1Implemented by: Jam Petrochemical Co. (Private Joint Stock)Location: Pars Special Economic / Energy Zone Area: 1.7 hectares Ownership: Private sector (100%)

ApplicationsIn production of co-polymers in various polyethylene.


Intermediate Final

Total 100-

Assaluyeh Centralized Utility Expansion (Phase 2)

Implemented by: Damavand Petrochemical Co. (Private Joint Stock)Location: Pars Special Economic / Energy Zone (Phase 2) Area: 90 hectares Ownership: NPC (100%)

Products Final

Steam t/hNitrogen nm3/h Instrument air nm3/hService air nm3/h Fresh water m3/hDM water m3/h Cooling water m3/hSanitary water m3/hOxygen t/h

1900

31,000 20,000 5,000

37,000

Assaluyeh Ethylene GlycolsImplemented by: Morvarid petrochemical Co. (private joint stock)Location: Pars Special Economic / Energy Zone (Phase 2) Area: 5.15 hectares (ethylene glycol) & 2.98 hectares (storage tanks) Ownership: Private Sector (100%)

ApplicationsRaw materials for the production of PET, anti-freeze, softeners in textile,...


Intermediate Final

DEG 50TEG 4Total 554-

11th OlefinImplemented by: Kavyan Petrochemical Co. (Private Joint Stock)Location: Pars Special Economic / Energy Zone (Phase 2) Area: 43 hectares Ownership: NPC (17.5%), Bakhtar Petrochemical Co. (56.5%), Polymer Kermanshah Co.(6.5%), Lorestan Petrochemical Co.(6.5%), Kordestan Petrochemical Co.(6.5%),Mahabad Petrochemical Co. (6.5%)

ApplicationsFeedstock for the petrochemical companies planned to be built alongside the West Ethylene Pipelines.


Intermediate Final

C+3 180

Total 2,180 -

62

Bushehr (16th Olefin & Methanol)Implemented by: Bushehr Petrochemical Co.Location: Pars Special Economic/Energy Zone (Phase 2) Area: 59.43 hectares Ownership: Private Sector (100%)

ApplicationsFeedstock for production of polyesters, VA, MTBE, Acetic acid, resins,advesives, cable & wire coverage, plastic parts, anti-freeze and various films.

Intermediate FinalEthane - Ethylene 385C3 Cuts 88 Methanol 1,488C3/C4 181Sulfur 124EG 554LLDPE/HDPE 300Acetic Acid 300Total 3,420


832

,

,

3,482

Methanol Veniran Apadana (JV with Venezuela)

Implemented by: Veniran Apadana Petrochemical Co.Location: Pars Special Economic/Energy Zone (Phase 2) Area: 9 hectares Ownership: NPCI (49%), PIIC (1%), Venezuela’s Pequiven (49%), Venezuela’s IPHL (1%)

ApplicatiosFor production of MTBE, a gasoline additive which boosts the octane levels, acetic acid, solvents, resins, formaldehydes, anti-freeze, various types of plastic, DME, MTP and MTO

Intermediate FinalMethanol 1,650Total 1,650


-

Ammonia/Urea (JV with Indonesia)

Implemented by: Hengam Petrochemical Co.Location: Pars Special Economic/Energy Zone (Phase 2) Area: 25.47 hectares Ownership: NPCI (49%), PIIC (1%), Indonesia’s Pusri (50%)

ApplicationsAs chemical fertilizer for agricultural purposes.


Intermediate FinalAmmonia 75Urea 1,075Total 1,150

680

680


N P C

63

Marjan (7th Methanol)Implemented by: Marjan Petrochemical Co.Location: Pars Special Economic/Energy Zone (Phase 2) Area: 7 hectares Ownership: Private Sector (100%)

ApplicationsFor production of MTBE a gasoline additive which boosts the octane levels, acetic acid, solvents, resins, formaldehydes, anti-freeze, various types of plastics, DME, MTP and MTO



-

Lavan (8th Ammonia / Urea)Implemented by: Lavan Petrochemical Co.Location: Pars Special Economic/Energy Zone (Phase 2) Area: 24.85 hectares Ownership: NPCI (20%), Sab Industries (55%), Arak Petrochemical Co. (20%), Bank Melli Investment Co. (5%)

ApplicationsAs chemical fertilizer for agricultural purpose


Intermediate FinalAmmonia 175Urea 860Total 1,035

660

660

Hormoz Ammonia/Urea (13th Ammonia/Urea)

Implemented by: Hormoz Petrochemical Co.Location: Pars Special Economic/Energy Zone (Phase 2) Area: 24.45 hectares Ownership: NPCI (49%), PIIC (1%), Oman Oil Co. (50%)

ApplicationsAs chemical fertilizer for agricultural purposes.



680

680

Styrene ParkThe foundation of the first chemical park based on styrene Value added chain in Pars Special Economic Zone was approves in 2008.Directed by National Petrochemical Company and joint participation of private sector, its project implementat ion act iv i t ies as wel l as relevant infrastructures have been started inside the park.

Location: Pars Special Economic/Energy Zone (Site 2) Area: 39.3 HectaresOwnership: Private Sector (100%)

Project Products Final Capacity (’000 t/y)

Dalahoo EPS 120 Sadaf ESBR 100Polystyrene GPPS/HIPS,EPS 250Total 730

Projects Located in Styrene Park

64

SBS/SB/LCBR, ABS (Styrene Park)

Implemented by: Jam Petrochemical Co.Location: South Pars Special Economy/Energy Zone (Phase 2) Area: 14.39 hectares Ownership: Private Sector (100%)

ApplicationsIn production of auto parts, home appliances,...


Intermediate FinalABS 200SBS/SB/LCBR 30Total 230

60

ESBR (Styrene Park)Implemented by: Sadaf Chemical Co.Location: Pars Special Economy/Energy Zone (Phase 2)Area: 7.2 hectaresOwnership: Private Sector (100%)

ApplicationsIn production of tires, cable and wire coverage ,...

Intermediate FinalESBR 100Total 100


-

Expandable Polystyrene (Styrene Park)

Implemented by: Dalahoo Kimiya Industry Co.Location: Pars Special Economy/Energy Zone (Phase 2) Area: 3.75 hectares Ownership: Private Sector (100%)

ApplicationsIn production of home appliances, packing industry, electrical insulation,...

Intermediate FinalEPS 120Total 120


-

Polystyrene (Styrene Park)Implemented by: Under SurveyLocation: Pars Special Economy/Energy Zone (Phase 2) Ownership: Under SurveyArea: 5.85 Hectares

ApplicationsBuilding industry as insulation, Electric & Electronic industry (Electrical home appliances and computer parts) packagings as foodstuff preservants, single use products and toys.


Intermediate Final(HIPS & GPPS) 200 Expandable Polystyrene 50Total 250-


N P C

65

Sabalan MethanolImplemented by: Sabalan Petrochemical Co. (Private Joint Stock)Location: South Pars Special Economy/Energy Zone (Phase 2) Area: 7 hectares Ownership: Private Sector (100%)

ApplicationsIn product ion o f MTBE, acet ic ac id , res ins, formaldehyde, anti-freeze, adhesives, diesel fuel, different plastics and as solvent in downstream industries, MTP and MTO



-

Dena Methanol (JV with Singapore)

Implemented by: Dena Petrochemical Co. (Private Joint Stock)Location: Pars Special Economy/Energy Zone (Phase 2) Area: 7 hectares Ownership: Private Sector (100%)

ApplicationsIn product ion o f MTBE, acet ic ac id , res ins, formaldehyde, anti-freeze, adhesives, diesel fuel, different plastic and as solvent in downstream industries, MTP and MTO



-

Aryan MethanolImplemented by: Aryan Di- Polymer Co. (Private Joint Stock)Location: South Pars Special Economy/Energy Zone (Phase 2) Area: 7.44 hectares Ownership: Private Sector (100%)

ApplicationsIn product ion o f MTBE, acet ic ac id , res ins , formaldehyde, anti-freeze, adhesives, diesel fuel, different plastic and as solvent in downstream industries, MTP and MTO



-

Middle East Kimiyaye Pars Methanol

Implemented by: Middle East Kimiyaye Pars Co.Location: South Pars Special Economy/Energy Zone (Phase 2) Area: 7.48 hectares Ownership: Private Sector (100%)




-

66

Arman MethanolImplemented by: Arman Methanol Co. (Private Joint Stock)Location: Pars Special Economy/Energy Zone (Phase 2) Area: 7 hectares Ownership: Private Sector (100%)




-

Ethylene GlycolImplemented by: Pars Phenol Co.Location: Pars Special Economy/Energy Zone (Phase 2) Area: 7 hectares Ownership: Private Sector (100%)

ApplicationsAs raw materials in production of PET, anti-freeze, softners in textiles, refineries,...


Intermediate FinalMEG 500DEG 50TEG 4Total 554-

2nd Methanol AmmoniaImplemented by: Tosee Sanat LavanLocation: Pars Special Economic Energy Zone

ApplicationsFor production of MTBE, acetic acid as solvents, resins formaldehydes, downstream industries, anti-freeze, various types of plastic, DME, MTP olefins and MTO and production of fertilizers.


Intermediate FinalMethanol 990Ammonia 300Total 1,290-

Ammonia/Methanol Arg Shimi Parsa

Implemented by: Arg Shimi Parsa Co.Location: Pars Special Economy/Energy Zone (Phase 2) Area: 8.98 hectares Ownership: Private Sector (100%)


Intermediate FinalMethanol 990Ammonia 300Total 1,290-


N P C

67

Mehr Petrokimia Propane to Propylene & Polypropylene (PDH, PP)

Implemented by: Mehr Petrokimia Co.Location: Pars Special Economy/Energy Zone (Phase 2) Area: 23.5 hectares Ownership: Private Sector (100%)

ApplicationsIn production of polypropylene, acrylonitryl, films, home appliance, auto parts, wire, cables, fitting, ...


Intermediate FinalPropylene 200Polypropylene 250Total 450

450

450

In Other Regions

Ilam (13th Olefin)Implemented by: Ilam Petrochemical Co. (Private Joint Stock)Location: Ilam Area: 108 hectares Ownership: Private Sector (100%)

ApplicationsIn production of films, water and gas pipes, containers, plastic parts & raw material for polyolefin and ethylene glycol.


Intermediate FinalHDPE 300Pyrolysis gasoline 132Fuel oil 33C4 cuts -Ethylene 153Propylene 120 Total 738

75

657

Hamedan PVCImplemented by: Hegmataneh Petrochemical Co. (Private Joint Stock)Location: HamedanArea: 15 hectaresOwnership: NPC (32%), Private Sector (57%), IGS Co. of Italy (10%), Iran Petrochemical Commercial Co. (IPCC) (1%)

ApplicationsMedical equipments including blood packs, Oxygen masks, food packing industries, ...


Intermediate FinalPVC (Suspension - Medical grade) 34PVC (Compound - Medical grade) 9( g )Total 43

39

39

7th Ammonia/Urea (Marvdasht Martyrs)

Implemented by: Petrochemical Industries Development Management Co. (Private Joint Stock)Location: Marvdasht Area: 18 hectares Ownership: Private Sector (100%)

ApplicationsIn production of chemical fertilizer for agricultural usages.


Intermediate FinalAmmonia 75Granular Urea 1,075Total 1,150

680

680

68

West Ethylene Pipeline & Dena Region

Implemented by: Petrochemical Industries Development Management Co. (Private Joint Stock)Location: West of Iran (From Assaluyeh to Tabriz)

Holding: Bakhtar Petrochemical Co. Dena Region

Kermanshah KazeroonLorestan MamasaniKordestan DehdashtMahabad Borujen Miandoab*Andimeshk* Hamedan*

Projects

* Handed over to private sectorsSupplier complexes for West Ethylene Pipeline Subordinate complexes to West Ethylene Pipeline

Bakhtar Petrochemical Co. (Holding)In order to organize and arrange the financial resources and also implement the western petrochemical projects, Bakhtar Petrochemical Company was established with the contribution of NPC and some investment companies. It acts as a holding company, and is tasked with providing the required funds for implementing the projects. It is also responsible for supplying the feed stock required for the facilities through the West Ethylene Pipeline.

Stock holders of Bakhtar Petrochemical Company Source

National Petrochemical Co. 30%Kavosh sanat Spid Co. 40%Petroleum Ministry Pension Fund 20% Social Security Investment Co. 5% National Pension Fund Investment Co. 5%

Kermanshah HDPEImplemented by: Kermanshah Polymer Co. (Private Joint Stock)Location: Kermanshah, Hercin Area: 55 hectares Ownership: Bakhtar Petrochemical Co. (100%)

ApplicationsFeedstock for downstream industries in production of various pipes, plastic parts, cables,...

Intermediate FinalHDPE 300Total 300


-


N P C

69

Broujen

Dehdasht

Petrochemical

Petrochemical

70

Lorestan HDPE/LLDPEImplemented by: Lorestan Petrochemical Co. (Private Joint Stock)Location: 12th km of Khoramabad - Koohdasht Road Area: 130 hectares Ownership: Bakhtar Petrochemical Co. (100%)

ApplicationsFeedstock for downstream industries in production of various pipes, plastic parts, cables,...


Intermediate FinalHDPE/LLDPE 300Butene-1 7Total 307

3030

Kordestan LDPEImplemented by: Kordestan Petrochemical Co. (Private Joint Stock)Location: Sanandaj Area: 130 hectares Ownership: Bakhtar Petrochemical Co. (100%)

ApplicationsProduction of Polyethylene films, Polyethylene foam, cable & wire covers, plastic parts,...


Intermediate FinalLDPE 300Total 300-

Mahabad HDPE/LLDPEImplemented by: Mahabad Petrochemical Co. (Private Joint Stock)Location: Mahabad Area: 202 hectares Ownership: Bakhtar Petrochemical Co. (100%)

Applications Production of various films, containers, plastic parts, pipes, cables,...


Intermediate FinalLL/HDPE 300Butene-1 7Total 307

30 30

Miandoab HDPEImplemented by: Miandoab Petrochemical Co.Location: Miandoab Area: 220 hectares Ownership: Private Sector (100%)

* Approved by the governmentApplications

Feedstock for petrochemical downstream plants, various pipes, plastic parts.


Intermediate FinalHDPE 140Total 140 -


N P C

71

(8th Olefin) GachsaranImplemented by: Gachsaran Petrochemical Co. (Private Joint Stock)Location: Gachsaran Area: 151 hectares Ownership: NPC (20%) Private Sector (80%)


Providing feedstock for petrochemical units alongside the west Ethylene Pipeline (Dena Region).

Products slate (’000 t/y) Intermediate Final

Ethylene 1,000C+

3 90Total 1,090-

Andimeshk LDPEImplemented by: Andimeshk Petrochemical Co.Location: Andimeshk Area: 158 hectares Ownership: Private sector (100%)

ApplicationsIn production of polyethylene films, polyethylene foams, cable & wire cover, plastic parts ,...


Intermediate FinalLDPE 300Total 300 -

Hamedan Ethylene OxideImplemented by: Ibn-e-Sina Hamedan Petrochemical Co. (Private Joint Stock)Location: Hamedan Ownership: NPC (20%), Others (80%)Area: 21 Hectares


Production of detergents, solvents and paints.

Feedstock (’000 t/y)

Intermediate FinalEO 2Ethoxylates 80Glycol Ether 50MEA/MDEA 30EG 6Total 168

100

100

Kazeroon HDPE/LLDPEImplemented by: Kazeroon Petrochemical Co. (Private Joint Stock)Location: Kazeroon Area: 53 hectares Ownership: NPC (20%) ,Iran Investment Co. (23%),PCC (13%), Shadan shahr Bakhtar (12%), Toseeh va Sakhteman Borjavaran (5%), Bimeh Toseeh (5%), Others (22%)

ApplicationsProduction of various films, containers, plastic parts, pipes, cables,...


Intermediate FinalHDPE/LLDPE 300Total 300-

72

Dehdasht HDPEImplemented by: Dehdasht Petrochemical Industry Co. (public joint stock)Location: Dehdasht, Kalachou Desert Area: 100 hectares Ownership: NPC (20%) Others (80%)

ApplicationsIn production of various plastic, pipes, bottles, films, industrial parts & home appliances.


Intermediate FinalHDPE 300Total 300-

Mamasani HDPEImplemented by: Mamasani Petrochemical Co. (Private Joint Stock)Location: Mamasani Area: 67 hectares Ownership: NPC (20%) ,Iran Invenstment Co.( 25%) , Petrochemical Com mercial Co. (20%), Dolfin Petrochemical (10%),Toseh & Borja varan Sakhteman Invenstment (5%) Shadan shahr Bakhtar (5%), Afrah Sazeh Bakhtar (5%), others (30%)

ApplicationsIn production of pipes, bottles, film, home appliances, industrial parts, sewage pipes, sacks,...



Borujen HDPEImplemented by: Borujen Petrochemical Co. (Private Joint Stock)Location: Halvaie Desert of Boroujen Area: 300 hectares Ownership: Mamasani Petrochemical Co. (18%), Dehdasht Petrochemical Co. (18%), Kazeroon Petrochemical Co. (3%), Others (61%)

ApplicationsIn production of pipes, bottles, containers, film, industrial parts & home appliances.

Product slate (’000 t/y) Intermediate Final

HDPE 300Total 300-

Central Ethane-Ethylene PipelineImplemented by:Private Sector Location: Fars Province

Project Product Final Capacity (’000 t/y) Firouzabad 1000Jahrom 300Fasa 300Darab 300 Estahban 100

Ethylene

LL/HDPE

LDPE

HDPE

EVA


N P C

73

14th Olefin (Firouzabad Olefin)Implemented by: Firouzabad Petrochemical Co.Location: 12th km of Firouzabad-Ghir Road Area: 160 hectares Ownership: NPC (1%), Jahrom Petrochemical (27%), Fasa Petrochemical (27%), Darab Petrochemical (27%), Others (18%)

ApplicationsAs raw material in production of polyethylene and ethylene glycols.


Intermediate Final

C+33 Cuts 40

Total 1,040-

Jahrom LLDPE/HDPEImplemented by: Jahrom Petrochemical Co. (public joint stock)Location: 37 km of Jahrom - Shiraz Road Area: 200 hectares Ownership: NPC (20%), National Pension Fund (22%), Atiyeh Social Welfare Investment (22%), Rural & Tribes Social Welfare Fund Institution (15%), PCC (7%), Others (14%)

ApplicationsAs feedstock in petrochemical downstream plants, various polyethylene films & foams, cable coverage, plastic parts,...


Intermediate FinalLLDPE/HDPE 300Total 300-

Fasa LDPEImplemented by: Fasa Petrochemical Co. (Private Joint Stock)Location: 20th km Fasa- Darab Road Area: 120 hectares Ownership: NPC (20%), National Pension Fund (22%), Atiyeh Social fare Investment (22%), Rural & Tribes Social Welfare Fund Institution (15%), IPCC (8%), Others (13%)

ApplicationsAs feedstock in petrochemical downstream plants, various polyethylene films & foams, cable coverage, plastic parts,...



Darab HDPEImplemented by: Darab Petrochemical Co. (public joint stock)Location: 18th km Darab-Shiraz Road Area: 120 hectares Ownership: NPC (20%), private Sector (77.7%), Others (2.3%)

ApplicationsAs feedstock in petrochemical downstream plants, various pipes, plastic parts, cables,...



74

Lordegan (11th Ammonia/Urea)Implemented by: Lordegan Petrochemical Industry Co. (public joint stock)Location: Charmahal Va Bakhtiari - Lordegan Area: 300 hectares Ownership: NPC (20%), Iran Investment Co. (24%), PPC (15%), Tahmin Chemical & Petrochemical Industry Investment (11%), Hampa Engineering Co.(9%), Other (21%)


In production of chemical fertilizer for agricultural usages.



680

680

Golestan (12th Ammonia/Urea)Implemented by: Golestan Petrochemical Co. (Public Joint Stock)Location: Golestan, Agh-ghala Area: 300 hectares Ownership: NPC (13%), Kamyab Kam Golestan (14%), Other (73%)




680

680

Estahban EVAImplemented by: Estahban Fars Kimia Petrochemical Co.Location: Estahban Ownership: NPC (20%), Others (80%)Area: 236.2 Hectares

ApplicationsIn Production of films, plastic containers, various pipes, plastic parts, adhesives,...



15th Olefin (Genaveh _ Dashtestan Olein)

Implemented by: Genaveh-Dashtestan Petrochemical Co. (Private Joint Stock)Location: Genaveh & Dashtestan Ownership: Private Sector (100%)

ApplicationsIn production of polyethylene, PET,anti-freeze,textile,...

Feedstock (’000 t/y)

Intermediate FinalEthylene 161MEG 500DEG 51TEG 2C+

3 44 3

Total 758

500

500


N P C

75

Zanjan (10th Ammonia/Urea)Implemented by:Zanjan Petrochemical Industry Co. (Private Joint Stock)Location: Ejroud Area: 200 hectares Ownership: NPC (16%), Other (84%)




680

680

Ardabil Ammonia & Urea (15th Ammonia/Urea)

Implemented by: Ardabil Petrochemical Co.Location: ArdabilArea: 60 hectares Ownership: Private Sector (100%)

ApplicationsAs chemical fertilizers for agricultural purposes.



680

680

Khomein PolypropyleneImplemented by: Di Arya Polymer Petrochemical Co.Location: KhomeinOwnership: Private Sector (100%)

ApplicationsIn production of home appliance, stationeries, packing, machine equipments,...


Intermediate FinalPolypropylene 300Total 300-

Dehloran (17th Olefin)Implemented by: Dehloran Sepehr Petrochemical Complexes.Location: Dehloran-Ilam province Area: 200 hectares Ownership: NPC (10%), Private Sector (90%)

ApplicationsFeedstock for polypropylene units, for production of various films, polyethylene foam and cable coverage.


Intermediate FinalEthane - Mixed Propane & Butane -Ethylene 13Mixed C+

5 -Propylene 91Pyrolysis gasoline 68Liquid Fuel 33LL/HDPE 300HDPE 300 Total 805

410

559

607

93

1,669

76

� odan PolyacetalImplemented by: Kazeroon Petrochemical Co.Location: Nodan CityArea: 8.5 hectars

ApplicationsAs a proper alternative for irons & some plastic, Auto industry, electrical & Electronic industry, home appliances, sports equipment,...


Intermediate Final

Total 20 -

� ethanol � irafImplemented by: Siraf Energy Petrochemical Co.Location: DayyerArea: 6.5 Hectares

ApplicationsIn product ion o f M�BE, acet ic ac id , res ins , formaldehyde, anti-freeze, adhesives, diesel fuel, different plastics and as solvent in do�nstream industries, M�P and M��


Intermediate FinalMethanol 1,650Total 1,650 -

� arashband Ammonia/UreaImplemented by: Ilia Kimia Petrogas.Location: FarashbandArea: 265 hectarsOwnership: Private Sector(100%)




68

68

� as�ide�� oleiman Ammonia/UreaImplemented by: Mas�ide-Soleiman Petrochemical Industry Co.Location: Mas�ide-SoleimanArea: 50 hectarsOwnership: Private Sector(100%)




68

68


� P �

77

� � pandable Polystyrene (� P� )Implemented by: Petro �amsheh Co.Location: Esfahan (next to �amsheh industrial �o�nship)Area: 8.5 hectarsOwnership: Private Sector(100%)

ApplicationsIn product ion of home appl iances,e lect r ica l insulation,packing industry,toys,�


Intermediate FinalEPS 50Total 50-

� ormalinImplemented by: �hamron Petro ComplexLocation: Bandar Abbas (next to industrial �o�nship No.1)Area: 6 hectarsOwnership: Private Sector(100%)

ApplicationsIn production of formaldehyde resins

Intermediate FinalFormalin Hexamine Urea Formaldehyde Methyl Para � Formaldehyde y Total -

56 5

7.510

78.5

Projects Located in Styrene Park

List Of Under � t� dy Pro�ectsAssaluyeh Centralized Storage Tanks (forexport)12th olefinLorestan Ammonia/ UreaKhoda Bandeh MTPSarvestan MTP Petro Hidaj Methanol Abarkoh Methanol Arak Methanol Khatam Yazd Ammonia/Urea Petrochemical Projects of Chabahar Meybod Methanol Petrochemical Projects of Qeshm Petrochemical Projects of Kish Petrochemical Projects of Lavan Petrochemical Projects of North ParsPetrochemical Projects of Pars Special Economic Energy Zone (Phase 3)Petro Refineries

List of the 2nd 5-year Development Plan

LDPE Laleh Petrochemical Co.

1st Ammonia (3rd Razi Ammonia) Razi Petrochemical Co.

2nd PTA/PET Shahid Tondguyan Petrochemical Co.

5th Ammonia/Urea Kermanshah Petrochemical Co.

Petrochemical Co.

Ethylene glycol Farsa Shimi Co.

Isocyanates (1st Phase) Karoon Petrochemical Co.

Centralized UT (Fajr-1 Expansion) Fajr Petrochemical Co.

Assaluyeh HDPE Mehr Petrochemical Co.

6th Methanol Zagros Petrochemical Co.

Ghadir PVC Ghadir Petrochemical Co.

Petrochemical Co.

EB/styrene Pars Petrochemical Co.

Air Seperation Unit Mobin Petrochemical Co.

Petrochemical Co.

6th Ammonia/Urea Pardis Petrochemical Co.

Petrochemical Co.

High-Impact Polystyrene-2 Tabriz Petrochemical Co.

Centralized Utility Offsite Mobin Petrochemical Co.

LDPE Amir Kabir Petrochemical Co.

2nd Fajr Centralized Utility Offsite Fajr Petrochemical Co.

Phosphoric Acid Ariya Phosphoric Co.

Projects Implemented by

78

� inancial � tatement�his report summarizes the financial activities of NPC and its subsidiaries during the fiscal year 21-03-2011 to 19-03-2012. �he Auditor�s �eport, issued by the independent �overnment Audit �rganization, confirms NPC�s accounting procedures and has indicated that the financial statements have been accurately prepared according to the international accounting standards. �his financial report comprises of� 1) Consolidated profit and loss statement for the fiscal year ending 19 March, 2012. 2) Consolidated balance sheet as of 19 March, 2012. 3) Statement of cash flo� for the year ending 19 March, 2012.

National Petrochemical Company (NPC)Consolidated Balance Sheet

AssetsMillion Iranian Rials

March 21, 2010-March 20, 2011

99,355,648 120,300,393 9,812,430

CashAccounts receivable –tradeAccounts receivable – othersInventoriesPrepayments and orders

Other assets

Restated11,856,84620,950,43122,589,80233,536,3105,601,5854,820,674

7,146,300112,269,06038,466,6876,891,475

164,773,522264,129,170

169,943,742290,244,135

13,861,64323,674,073

9,924,435112,086,84340,629,4527,303,012

809,4979,142,4833,313,985

595,678

11,577,63225,379,07533,488,19336,379,2397,351,4226,124,832

944,3422,070,0712,731,5002,967,312

599,627499,578

Total current assets

Total non-current assetsTotal assets

Million Iranian RialsMarch 21, 2011-March 19, 2012

Thousand DollarsMarch 21, 2011-March 19, 2012

Current assets

Non-current assets


� P �

79

National Petrochemical Company (NPC)Consolidated Balance Sheet

Liabilities and Shareholder’s Equity

Shareholders’ equity


166,626,515 187,910,060 15,327,085

Accounts and notes payable – tradeAccounts and notes payable – others

Advance receivedProposed dividends

Capital

Development and completion reserve

Minority interest

Restated96,623,66738,768,74821,684,6635,777,730

754,5333,017,174

52,656,6651,469,7405,148,0161,321,461

40,000,00067,502

01,546,194

06,668,5631,934,2488,514,276

40,000,00067,502

01,781,930

06,486,2896,846,871

10,037,851

3,262,6435,506

0145,345

0529,061558,472818,748

60,595,882227,222,397

59,767,332247,677,392

4,874,98620,202,071

0 0 0

47,701,3171,760,3949,004,7841,300,837

3,890,809143,588734,485106,104

108,891,78455,827,60217,743,1612,144,1681,815,0731,488,272

8,881,8754,553,6381,447,240

174,891148,048

3,017,174

Current liabilities

On-account capital increase

Total non-current liabilitiesTotal liabilities

36,906,773264,129,170

42,566,743290,244,135

3,472,00223,674,073

Total shareholders’ equity Total liabilities and shareholders’ equity

Total current liabilities

Non-current liabilities



80


Net sales

Minority interest

Prior year adjustments

Approved dividend

Restated100,302,599

11,648,038

1,829,972

7,738,029

1,137,2156,844,809

6,651,5151,787,0576,293,929

0

2,665,510

14,416,305

14,155,2674,663,052

0

12,991,327

1,175,881

1,154,589380,347

0

1,059,651

59,140

1,853,107

16,933,151

4,824

151,151

1,381,171

127,200,762

21,111,065

10,375,266

1,721,947



0

5,026,548

3,206,225

409,996

261,519

National Petrochemical Company (NPC)Consolidated Statement of Profit and Loss and Retained Earnings


� P �

81

National Petrochemical Company (NPC)Consolidated Statement of Cash Flow

activities


Returned on Investment and interest

Divident payable

bank deposit

Capital Increase – on account

Non-cash transactions

14,087,527

651,275

10,00013,165,586

457,578

900,739 6,068,707 4,887,400

11,856,8464,229,922

02,714,833

3,856,768

0

11,856,84611,577,6321,963,474

0221,438

314,581

0

967,116944,342160,153

20,026,376

0

2,212,024126,362

1,633,473

0

180,42610,307

754,592217,223

1,126,311

3,834,810

6,202,600

911,786

0

0

5,894,652

74,371

0

0

480,804



82


� P �

83

84

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