NPC has awarded the contract for its Kharg Ethylene project to Technip-Coflexip of France and Nargan of Iran.
The contract, which was signed on March 18th, 2003 in Tehran calls for provision of license, basic and detailed engineering, procurement of equipment, training and provision of assistance in the time of erection, construction and commissioning.
The facility will be built in Kharg Island. It will produce 500,000 tonnes/year ethylene and 44,200 tonnes/year C₃+. The plant will consume 640,000 tonnes/year of ethane, which will be sourced from the NGL plants of the Iranian Off-shore Oil Co. (IOOC). In the meantime, the utility for the project will be provided by the utility unit of Kharg olefin complex. The plant is scheduled to be completed in 34 months.



Petrochemical Industries Development Management Co. (PIDMCO), an NPC subsidiary, is responsible for implementing the project. But it will be handed over to a new NPC subsidiary company when it is completed.
The plant is capable to produce 100% of ethylene either in the form of gas or liquid. The ethylene in gas form can be utilized as feed for MEG plant while the liquid form ethylene can be exported.





As NPC is continuing to forge greater links with the international financial community, the UK's Export Credits Guarantee Dept. (ECGD) and the leading German credit insurer Hermes offer more guaranteed export credits to NPC projects.
In the light of these growing ties, NPC will receive an export credit facility through HSBC for Euro 100mn, which is guaranteed by ECGD.
Moreover, a Euro 50mn export credit facility has also been extended to NPC through Deutsche Bank and AKA. Hermes guarantees this facility.
The funds will be used to finance the export of equipment and services for the construction of the NPC projects and will provide faster and simpler service for the UK and German exporters entering into contracts with NPC.
The availability of these facilities will put British and German exporters in relatively favorable positions to widen scope of their relations with NPC.


NPC awarded a contract for a 300,000-tonne/year medium/high density polyethylene (mdPE/hdPE) project to Uhde of Germany and Sazeh of Iran. The contract covers provision of basic and detailed engineering, procurement of equipment, erection and construction, mechanical completion, pre-commissioning, commissioning, start-up and test-runs for the project. The plant will be built in Pars Special Economic/Energy Zone as part of olefin No. 9 project.



The design of the facility is based on Lupotech G technology. The plant will consume ethylene as its feed, which will be supplied from a C₂ cracker plant within the same complex.
The project will be executed by a 50/50 joint venture AriaSasol company between the NPC subsidiary Pars Petrochemical Company (PPC) and Sasol.
The mdPE/hdPE plant is scheduled to be completed in 31 months. AriaSasol is responsible for implementing the project.




NPC, the Iranian private partner Hekmataneh Industries Petrochemical Co. (HIPC) and the Industrie Generali S.P.A. of Italy announced on Saturday 8 March 2003 that they have signed a joint venture agreement to design, construct, and operate two integrated facilities for the production of suspension PVC (medical grade) and PVC compound (medical grade).
The production facility will be situated near the city of Hamedan in the province of Hamedan.
The suspension PVC plant produces 36,000-t/y and the compound unit produces 9,000-t/y.
The facilities are expected to come on-stream in the second half of 2005.
The NPC's share in the joint venture is 33%. The Iranian private partner and IGS have 57% and 10% share in the joint venture respectively.