Revision as of 21:15, 27 December 2024 editQming (talk | contribs)188 edits ←Created page with '{{Short description|Iranian petrochemical company}} {{Infobox company | name = Morvarid Petrochemical Company (MPC)<br>شرکت پتروشیمی مروارید | logo = | logo_caption = | type = Privately held company | traded_as = TSE: | ISIN = IRO3ZF280001 | founded = 2005 | founder = National Petrochemical Company | hq_location_city = Asaluyeh | hq_location_count...' | Latest revision as of 20:32, 28 December 2024 edit undoIdoghor Melody (talk | contribs)Autopatrolled, Event coordinators, Extended confirmed users, Page movers, IP block exemptions, New page reviewers, Pending changes reviewers33,348 editsm clean up, typo(s) fixed: ’s → 's (7)Tag: AWB | ||
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{{Short description|Iranian petrochemical company}} | {{Short description|Iranian petrochemical company}} | ||
{{Coord|27.5783|52.5257}} | |||
{{Infobox company | {{Infobox company | ||
| name = Morvarid Petrochemical Company (MPC)<br>شرکت پتروشیمی مروارید | | name = Morvarid Petrochemical Company (MPC)<br>شرکت پتروشیمی مروارید | ||
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|date=October 4, 2022 | |date=October 4, 2022 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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|language=fa | ||
}}</ref> | }}</ref> | ||
| industry = ] | | industry = ] | ||
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* Triethylene glycol (TEG) | * Triethylene glycol (TEG) | ||
| owner = Petrofarhang<br>Tappico | | owner = Petrofarhang<br>Tappico | ||
| website = {{ |
| website = {{URL|https://www.morvaridpc.ir/en/home}} | ||
}} | }} | ||
The '''Morvarid Petrochemical Company''' ('''MPC''') ({{langx|fa|شرکت پتروشیمی مروارید}}, ''Shirkat-e Petroshimi-ye Morvaarid'') is an ] ] enterprise located in the South Pars Special Economic Energy Zone in ], ].<ref>{{cite web | The '''Morvarid Petrochemical Company''' ('''MPC''') ({{langx|fa|شرکت پتروشیمی مروارید}}, ''Shirkat-e Petroshimi-ye Morvaarid'') is an ]ian ] enterprise located in the South Pars Special Economic Energy Zone in ], ].<ref>{{cite web | ||
|website=Trend News Agency | |website=Trend News Agency | ||
|url=https://en.trend.az/iran/1968388.html | |url=https://en.trend.az/iran/1968388.html | ||
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|date=December 13, 2011 | |date=December 13, 2011 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=Trend News Agency | |website=Trend News Agency | ||
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|date=July 4, 2023 | |date=July 4, 2023 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=energypress.ir | |website=energypress.ir | ||
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|date=September 28, 2023 | |date=September 28, 2023 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=] | |website=] | ||
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|date= July 28, 2010 | |date= July 28, 2010 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=] | |website=] | ||
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|date=July 31, 2010 | |date=July 31, 2010 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=] | |website=] | ||
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|date= April 8, 2015 | |date= April 8, 2015 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=] | |website=] | ||
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|date= August 19, 2015 | |date= August 19, 2015 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=] | |website=] | ||
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|date= January 9, 2017 | |date= January 9, 2017 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=] | |website=] | ||
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|date= March 12, 2017 | |date= March 12, 2017 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=] | |website=] | ||
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|date=December 27, 2007 | |date=December 27, 2007 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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|date=June 9, 2008 | |date=June 9, 2008 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
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|date=July 28, 2010 | |date=July 28, 2010 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
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|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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|date=April 5, 2017 | |date=April 5, 2017 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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|date=January 3, 2018 | |date=January 3, 2018 | ||
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|website=Shana: Petro Energy Information Network | |website=Shana: Petro Energy Information Network | ||
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|date=March 19, 2006 | |date=March 19, 2006 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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|website=Shana: Petro Energy Information Network | |website=Shana: Petro Energy Information Network | ||
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|date= December 30, 2007 | |date= December 30, 2007 | ||
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|website=Shana: Petro Energy Information Network | |website=Shana: Petro Energy Information Network | ||
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|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref> | }}</ref> | ||
==History== | ==History== | ||
The "Fifth Olefin Complex" project, later renamed Morvarid Petrochemical Company, was one of the initiatives approved in |
The "Fifth Olefin Complex" project, later renamed Morvarid Petrochemical Company, was one of the initiatives approved in Iran's Third Five-Year Development Plan. The project was entrusted to the ] (NPC) to prevent the wasteful flaring of associated gas extracted from Iran's continental shelf oil fields. Originally named "Kharg Olefin Petrochemical," the project's name was changed in 2005 to "Morvarid Petrochemical" to avoid confusion with ]. Initially, the complex was planned for ]. However, delays in completing the island's ] (NGL) unit, intended as the feedstock source, led to its relocation to Phase II of the South Pars Special Economic Zone in ]. Construction of the Morvarid Petrochemical complex began in late 2005 on a 20-hectare plot. The NPC assigned the construction to a consortium comprising the French company ] and the Iranian company Nargan. The company's first phase was inaugurated on July 28, 2010, in a ceremony attended by ], the then President of Iran.<ref>{{cite web | ||
|website=Shana: Petro Energy Information Network | |website=Shana: Petro Energy Information Network | ||
|url=https://www.shana.ir/news/67153/ | |url=https://www.shana.ir/news/67153/ | ||
|title=نام مجتمع الفین خارگ به مجتمع پتروشیمی |
|title=نام مجتمع الفین خارگ به مجتمع پتروشیمی "مروارید" تغییر یافت | ||
|date=October 4, 2005 | |date=October 4, 2005 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
| |
|language=fa | ||
}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=Shana: Petro Energy Information Network | |website=Shana: Petro Energy Information Network | ||
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|date=July 18, 2006 | |date=July 18, 2006 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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|language=fa | ||
}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=Pars Special Economic Zone | |website=Pars Special Economic Zone | ||
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|date=July 9, 2007 | |date=July 9, 2007 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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|language=fa | ||
}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=Mehr News Agency | |website=Mehr News Agency | ||
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|date=July 28, 2010 | |date=July 28, 2010 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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|language=fa | ||
}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=safheeghtesad.ir | |website=safheeghtesad.ir | ||
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|date= September 19, 2021 | |date= September 19, 2021 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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|language=fa | ||
}}</ref> | }}</ref> | ||
==Operations== | ==Operations== | ||
Morvarid Petrochemical Company operates two production units for ] and ]. The ethylene unit has an annual production capacity of 500,000 tons, of which 340,000 tons are used as feedstock for the company's ethylene glycol unit. The remaining 160,000 tons are sold to external customers. The ethylene unit is supplied with 650,000 tons of ] annually from other South Pars Special Economic Energy Zone phases. The ethylene glycol unit produces 500,000 tons of ] (MEG), 50,000 tons of ] (DEG), and 3,400 tons of ] (TEG) annually. All three products are produced in liquid form. The ethylene glycol |
Morvarid Petrochemical Company operates two production units for ] and ]. The ethylene unit has an annual production capacity of 500,000 tons, of which 340,000 tons are used as feedstock for the company's ethylene glycol unit. The remaining 160,000 tons are sold to external customers. The ethylene unit is supplied with 650,000 tons of ] annually from other South Pars Special Economic Energy Zone phases. The ethylene glycol unit produces 500,000 tons of ] (MEG), 50,000 tons of ] (DEG), and 3,400 tons of ] (TEG) annually. All three products are produced in liquid form. The ethylene glycol unit's feedstock includes 340,000 tons of ethylene from the company's ethylene unit and 368,000 tons of oxygen supplied by the Damavand Petrochemical Company. Morvarid Petrochemical contributes 35% of Iran's MEG and 6% of its ethylene production.<ref>{{cite web | ||
|website=tappico.com | |website=tappico.com | ||
|url=https://www.tappico.com/en/morvarid-petrochemical-company/ | |url=https://www.tappico.com/en/morvarid-petrochemical-company/ | ||
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|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=Shana: Petro Energy Information Network | |website=Shana: Petro Energy Information Network | ||
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|date=November 4, 2007 | |date=November 4, 2007 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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|language=fa | ||
}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=Shana: Petro Energy Information Network | |website=Shana: Petro Energy Information Network | ||
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|date=April 16, 2017 | |date=April 16, 2017 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=Shana: Petro Energy Information Network | |website=Shana: Petro Energy Information Network | ||
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|date=January 3, 2018 | |date=January 3, 2018 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=Morvarid Petrochemical Company | |website=Morvarid Petrochemical Company | ||
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|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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|website=tappico.com | |website=tappico.com | ||
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|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref> | }}</ref> | ||
==Ownership== | ==Ownership== | ||
Initially, the National Petrochemical Company, a state-owned entity, fully owned Morvarid Petrochemical Company. However, on August 7, 2010, the Iranian government transferred more than 40% of the |
Initially, the National Petrochemical Company, a state-owned entity, fully owned Morvarid Petrochemical Company. However, on August 7, 2010, the Iranian government transferred more than 40% of the company's shares to Petrofarhang —a holding company owned by staff of ]— as repayment for government debts. Today, Petrofarhang (Reserve Fund of the staff of Iranian Ministry of Education) and TAPPICO (a subsidiary of Iran's ]) are the company's largest shareholders.<ref>{{cite web | ||
|website=petrofarhang.com | |website=petrofarhang.com | ||
|url=https://petrofarhang.com/en/steady-step/ | |url=https://petrofarhang.com/en/steady-step/ | ||
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|date= November 29, 2023 | |date= November 29, 2023 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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|language=en | ||
}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=safheeghtesad.ir | |website=safheeghtesad.ir | ||
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|date= September 19, 2021 | |date= September 19, 2021 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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}}</ref><ref>{{cite web | }}</ref><ref>{{cite web | ||
|website=bourse24.ir | |website=bourse24.ir | ||
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|date=June 27, 2014 | |date=June 27, 2014 | ||
|access-date=December 26, 2024 | |access-date=December 26, 2024 | ||
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| date= October 29, 2020 | | date= October 29, 2020 | ||
| access-date=December 27, 2024 | | access-date=December 27, 2024 | ||
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| website =] | | website =] | ||
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| date= October 29, 2020 | | date= October 29, 2020 | ||
| access-date=December 27, 2024 | | access-date=December 27, 2024 | ||
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| access-date=December 27, 2024 | | access-date=December 27, 2024 | ||
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}}</ref> | }}</ref> | ||
{{Portal|Iran|Energy}} | {{Portal|Iran|Energy}} | ||
==References== | ==References== | ||
{{reflist}} | {{reflist}} |
Latest revision as of 20:32, 28 December 2024
Iranian petrochemical company27°34′42″N 52°31′33″E / 27.5783°N 52.5257°E / 27.5783; 52.5257
Company type | Privately held company |
---|---|
Traded as | TSE: ZF281 |
ISIN | IRO3ZF280001 |
Industry | Petrochemical |
Founded | 2005 |
Founder | National Petrochemical Company |
Headquarters | Asaluyeh, Iran |
Products | Ethylene Ethylene glycol:
|
Net income | 43,380 billion rials (2021) |
Owner | Petrofarhang Tappico |
Website | www |
The Morvarid Petrochemical Company (MPC) (Persian: شرکت پتروشیمی مروارید, Shirkat-e Petroshimi-ye Morvaarid) is an Iranian petrochemical enterprise located in the South Pars Special Economic Energy Zone in Asaluyeh, Bushehr Province.
History
The "Fifth Olefin Complex" project, later renamed Morvarid Petrochemical Company, was one of the initiatives approved in Iran's Third Five-Year Development Plan. The project was entrusted to the National Petrochemical Company of Iran (NPC) to prevent the wasteful flaring of associated gas extracted from Iran's continental shelf oil fields. Originally named "Kharg Olefin Petrochemical," the project's name was changed in 2005 to "Morvarid Petrochemical" to avoid confusion with Kharg Petrochemical Company. Initially, the complex was planned for Kharg Island. However, delays in completing the island's Natural Gas Liquids (NGL) unit, intended as the feedstock source, led to its relocation to Phase II of the South Pars Special Economic Zone in Asaluyeh. Construction of the Morvarid Petrochemical complex began in late 2005 on a 20-hectare plot. The NPC assigned the construction to a consortium comprising the French company Technip Energies and the Iranian company Nargan. The company's first phase was inaugurated on July 28, 2010, in a ceremony attended by Mahmoud Ahmadinejad, the then President of Iran.
Operations
Morvarid Petrochemical Company operates two production units for ethylene and ethylene glycol. The ethylene unit has an annual production capacity of 500,000 tons, of which 340,000 tons are used as feedstock for the company's ethylene glycol unit. The remaining 160,000 tons are sold to external customers. The ethylene unit is supplied with 650,000 tons of ethane annually from other South Pars Special Economic Energy Zone phases. The ethylene glycol unit produces 500,000 tons of monoethylene glycol (MEG), 50,000 tons of diethylene glycol (DEG), and 3,400 tons of triethylene glycol (TEG) annually. All three products are produced in liquid form. The ethylene glycol unit's feedstock includes 340,000 tons of ethylene from the company's ethylene unit and 368,000 tons of oxygen supplied by the Damavand Petrochemical Company. Morvarid Petrochemical contributes 35% of Iran's MEG and 6% of its ethylene production.
Ownership
Initially, the National Petrochemical Company, a state-owned entity, fully owned Morvarid Petrochemical Company. However, on August 7, 2010, the Iranian government transferred more than 40% of the company's shares to Petrofarhang —a holding company owned by staff of Iran's Ministry of Education— as repayment for government debts. Today, Petrofarhang (Reserve Fund of the staff of Iranian Ministry of Education) and TAPPICO (a subsidiary of Iran's Social Security Organization) are the company's largest shareholders.
Sanctions
In late October 2020, the US Treasury Department sanctioned eight Iranian entities, including Morvarid and Arya Sasol Petrochemicals, for their involvement in purchasing and selling Iranian petrochemical products.
References
- "افزایش درآمدهای پتروشیمی مروارید". Nafir-e neft: Iranian Oil Industry News Network (in Persian). October 4, 2022. Retrieved December 26, 2024.
- "Iran's Morvarid Petrochemical Company sells stocks". Trend News Agency. December 13, 2011. Retrieved December 26, 2024.
- "Iran's ethane production to increase, deputy minister says". Trend News Agency. July 4, 2023. Retrieved December 26, 2024.
- "Morvarid Petrochemical is at the top of the nominal ethylene production table among olefinic petrochemicals". energypress.ir. September 28, 2023. Retrieved December 26, 2024.
- "Petchem projects inaugurated in Assalouyeh". Mehr News Agency. July 28, 2010. Retrieved December 26, 2024.
- "Iran petchem production to hit 100m tons". Mehr News Agency. July 31, 2010. Retrieved December 26, 2024.
- "Iran to complete 12 petrochemical projects by March 2016". Mehr News Agency. April 8, 2015. Retrieved December 26, 2024.
- "Iran to tap 8 new petrochemical projects". Mehr News Agency. August 19, 2015. Retrieved December 26, 2024.
- "NPC to inaugurate 5 new petchem projects". Mehr News Agency. January 9, 2017. Retrieved December 26, 2024.
- "7 new petchem projects to come on stream". Mehr News Agency. March 12, 2017. Retrieved December 26, 2024.
- "Iran to invest $16b in Assaluyeh petrochemical Phase 2". Tehran Times. December 27, 2007. Retrieved December 26, 2024.
- "Iran plans to launch 12 petrochemical projects by March 2009". Tehran Times. June 9, 2008. Retrieved December 26, 2024.
- "Petchem projects to come on stream in Assalouyeh". Tehran Times. July 28, 2010. Retrieved December 26, 2024.
- "PGPIC generates $4b of revenue in H1". Tehran Times. October 21, 2022. Retrieved December 26, 2024.
- "Morvarid Petrochem Unit Operational by Yearend". Financial Tribune. October 31, 2015. Retrieved December 26, 2024.
- "Plan to Launch 10 Petrochem Plants by March". Financial Tribune. June 12, 2016. Retrieved December 26, 2024.
- "Iran to Launch 5 Petrochem Plants by March". Financial Tribune. January 10, 2017. Retrieved December 26, 2024.
- "Iran's Petrochemical Output Set to Reach 72m Tons". Financial Tribune. April 5, 2017. Retrieved December 26, 2024.
- "Iranian Petrochem Plant to Increase Ethylene Output". Financial Tribune. January 3, 2018. Retrieved December 26, 2024.
- "Morvarid Companys Ethylene Plant Progresses 27.25%". Shana: Petro Energy Information Network. March 19, 2006. Retrieved December 26, 2024.
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