A Glance at Petrochemical Investment Projects

Pasargad Energy Development Company
A Glance at Petrochemical Investment Projects
April 2016
About Pasargad Energy Development Co. (PEDC)
• PEDC is a member holding company under the Pasargad Financial Group,
• The group is 19th largest and PEDC itself is the 136th corporation (IMI‐500(*)),
• Bank Pasargad is the major group’s business, currently 2nd largest listed bank,
• PEDC, established in 2008, looks at energy and petrochemical sector,
• PEDC’s core business; Oil, Gas and Petrochemicals, power and renewables,
• PEDC acts as a Holding Co., currently running over 20 subsidiaries
• Directors of PEDC dominate wide industry knowlegde through involvements in
various high rank executive levels under the ministries of Oil and Power
(*)‐ IMI (Iran Management Institute) publishes an annual report comparable to Fortune‐500 of the US, by which, the largest Iranian
corporations are ranked based on various aspects. This ranking is known as the only official corporate ranking publication in Iran
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Pasargad Group Structure
Pasargad Financial Group (Pars Aryan Investment Co. PJS) Pasargad Energy development Co.
(PEDC)
MIDHCO
(Middle East Mines and Mineral
Industries Development Holding Co.
Bank Pasargad
(Listed)
Mabnaye Khavar Mianeh Co.
Modaberan Sakht Aryan Co.
Bank pasargad
Investment Co.
Pasargad Insurance Co.
(Listed)
Machinery and Equipment leasing Co.
Iranian re-insurance Co.
Iranian Trading Management Co.
..
..
.
Iran Tourism and Cultural Heritage
investment Co.
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Companies in
Various
industry
disciplines
PEDC Purpose and Values
Our mission: ‐
Value creation in Energy, petrochemical and related fields
Our Vision: ‐
The leading private energy group in the region
Our Values: ‐
Putting our customers at the center of our business by furnishing them our best possible value, quality, technology and services ‐
Treating our human resources with honor and pride while challenging, valuing and rewarding them,
‐
Driving excellent financial performance, ‐
Committing to promote sustainability, 4
Business Profile of PEDC
Upstream
‐ Services: subsurface studies, drilling, Trunk lines, Design and construction of surface
facilities, field’s operation and maintenance.
‐ In Drilling, PEDC has established a special service company (Petro Danial), providing
specialty drilling and exploration services to the field developers.
‐ In offshore development, the company owns and operates two jack‐up rigs which are now
under operation in south pars field development phases.
Refining
‐ PEDC is developing a greenfield 35,000 bbl/d heavy oil refinery complex in Qeshm Island.
‐ PEDC is a majority stakeholder in a 60,000 bbl/d condensate refinery project
Petrochemical
Power
‐ In Petrochemicals, PEDC’s general strategy is establishment of complexes with emphasis
on value creation over petrochemical value chains.
‐ PEDC have already obtained approval and secured the feedstock for establishment of a
Butyl Rubber complex in Bandar Imam special zone,
‐ PEDC is developing a polyolefin elastomer complex in Kerman province,
‐ PEDC is also commencing a gas to polyolefin complex in Chabahar free zone area
‐ Parsian development is the largest ambitious of the group, the complex is a large
propylene and propylene derivatives’ park.
‐ PEDC is a major shareholder in Khoy and Orumiyeh combined cycle power plants with a
total capacity of over 1300 MW. PEDC has also acquired 100% ownership in Mashhad
Shariati combined cycle power complex.
‐ PEDC is investing in development of Qeshm 500 MW power plant, a $ 350 mil IPP project
under construction
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PEDC Group companies
Energy and Chemical
Trading Companies
Oil/gas field service
companies
Sivan Tadbir Trading Co.
Behin Energy Saramad Co
Ostovan Kish Drilling Co.
PEDC
Petro Danial Co.
Nafta Nir industrial Mgmt.
Refining and petrochemical
companies
Petro Kariz Kish Co.
Pars Behin oil refining Co.
Soroush Energy Paydar Co.
Power generation and
operation Companies
Pardis Fanavaran Alborz
Petro Khoram Co.
Roomak Saramad Co.
Polyethylene Gostaran Co.
Fajr Kerman Petchem Co.
Sina Chemical Industries Co.
Petro Hidaj Co.
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Engineering and IT
Services
TAFAHOM Co.
Qeshm Movalled Co.
Parto Shams power Co.
Tadbir Sazan Power Co.
Andisheh sazan Behin Co.
Introduction to Petrochemical projects
1- PARSIAN PETROCHEMICAL COMPLEX
Parsian Petrochemical Complex-Location
 Parsian is located at 40 km toward the east of Assaluyeh,
 Parsian is developed by a special zone authority called:
South Energy Intensive Industrial Zone (SEIIZ).
 Parsian is envisaged as the third Petrochemical zone,
which is being developed by private sector based on
policies implied by Iran National Petrochemical Co. (NPC).
 Given relative proximity to Assaluyeh, Parsian is selected
as an extension site for continuation of petrochemical
development in southern coastline of Iran
 Main advantages :
–
Proximity to Assaluyeh provides easy in‐land and marine
access to varieties of feedstock
–
Access to developed logistics infrastructures; i.e. two intl.
airports (Lamerd & Assaluyeh), transit roads and existing
service jetty,
–
Parsian shoreline has an exceptional water depth
comparing to other ports all over the Persian Gulf,
–
Parsian Zone is adjacent to the existing natural gas trunk
pipeline,
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4/5/2016
PEDC’s Roles in Parsian
• PEDC’s approach toward development of Parsian is rather deliberated; • According to an agreement between NPC, SEIIZ and IMIDRO(*), PEDC should involve in two different undertakings : – Master infrastructure development for Petrochemical industries within the Parsian zone,
– Equity Investment in a petrochemical value chain,
• As the infrastructure developer; PEDC will be responsible for the following activities: – Accommodate the master plan for the entire petrochemical park
– Land preparation activities, development of access roads, corridors and green belts – Development of common facilities and primary utilities – Development of the legal framework governing the park’s management and administration
– Qualification and hosting of third party investors, who will involve in petrochemical projects • As the Equity investor; PEDC will involve in development of a petrochemical value chain, in line with plans and policies advised by NPC. (*)
: IMIDRO is a subsidiary company under the ministry of Industries and Mines which acts as a driving force for
development of Industrial projects all around the country. SEIIZ was incorporated by IMIDRO.
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Propylene and derivatives; selected process concept
Propylene
Natural Gas 9.5 milNm3/d
Syngas(Reforme
d Gas)
MeOH
MTP PP
Poly Propylene
Ethylene
LPG
Oxygen
MTP
By‐products
Air Separation Unit(s)
Raw Gasoline
Oxygen
Iso Propyl Alcohol
IPA
De‐CO2
Hydrogen
PO
PG
PG
DPG
EO
PPG
PPG
Ethylene
CO2 Vent
DeCO2 Syngas (H2/CO=3)
MeOH
MeOH
Acetic Acid
CO
H2 Rich Fuel to Reformer
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Acetic Acid
Acetic acid Plant
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Polypropylene application in Car industry
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Introduction to Petrochemical projects
2- FAJR KERMAN PETROCHEMICAL COMPLEX
Kerman Petrochemical Complex-Location
•
Kerman is the largest and the most developed city in the southeast of Iran, Kerman is the country’s
second major hub of automobile manufacturers,
•
By access to the transit roads and railway, Kerman is easily connected to the port of Bandar Abbas
and eastern neighboring countries.
•
Easy access to state gas trunk pipe line, well educated and industry base human capital and
reasonable climate conditions are other features of Kerman.
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Kerman; Process configuration
Ethylene
Propylene
EPDM*
EPDM
EVA**
EVA
Poly Propylene
P.P
Ethylene
Natural Gas
1.6 milNm3/d
Methanol Plant
660 KTA
Methanol
Ethylene
MTO
Propylene
Propylene
By products
Residual
Hydrocarbon
(*)EPDM (Ethylene, Propylene Diene rubber) is an elastomer polymer which shows a rapidly growing applications in
industries, health care, households and many other applications.
(**) Ethylene Vinyl Acetate co‐polymer (EVA) is also a thermoplastic elastomer which has a wide range of
applications in car industries, medical uses and household applications.
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EP(D)M applications Automotive
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Introduction to Petrochemical projects
3- SINA CHEMICAL PLANT, CHABAHAR FREE ZONE
Development of Petrochemical zone in Chabahar
•
Chabahar is Iran's southernmost city, Lying on the coast of Oman sea, Chabahar is Iran’s largest port sited
at the east of Strait of Hurmoz.
•
Chabahar is a free trade zone featuring import and export custom duty exemptions and free trade facilities
•
Two operational jetties connecting Chabahar to international waterways, have a total loading capacity of
over 6 million tons of bulk and container cargos
•
Iran-Pakistan gas pipeline lying in a close proximity of Chabahar, turns Chabahar to be an advantageous
site for development of gas based petrochemical projects.
Mahshahr
Assaluyeh
Chabahar
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Petrochemical zone in Chabahar
 Negin Mokran Development co. a non‐governmental
entity is developing a master plan and infrastructure for
a large petrochemical zone in Chabahar.
 PEDC acts as an investor and already committed direct
investment in a chemical plant within the zone.
 Sina Chemical Industries Development Co. is a wholly
subsidiary of PEDC, assigned to the envisaged project.
Konarak
Airport
Chabahar
Bay
Chabahar
Port
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4/5/2016
Sina Chemical Complex, Process configuration
• The concept of Sina complex is under development jointly by PEDC and an international consulting firm
• Government highly incentivizes development of cluster‐based petrochemical developments. to replace export of raw commodities with value added chemicals and polymers
Poly Ethylene Family
PE
Poly Propylene Family
PP
Ethylene
Natural Gas
4.2milNm/d
Methanol Plant
Methanol
Oxygen
Air Separation Unit(s)
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Methanol to Olefins
Propylene
Polyolefin Plant
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Introduction to Petrochemical projects
4- PETROKHORAM PETROCHEMICAL COMPLEX
Petrokhoram Petrochemical complex- Location
•
Located ~300 km toward west of Tehran, Zanjan is a province with developed industrial infrastructures and good access to the populated adjacent provinces and big local markets. •
Furthermore, by access to the transit roads and railway, Zanjan is easily connected to the neighboring markets such as Turkey, Caucasus region and Iraq, •
Easy access to state gas trunk pipe line, well educated and industry base human capital and reasonable climate conditions are other salient features of Zanjan. 23
PEDC’s Strategy in Petrokhoram Complex
• Three PEDC’s affiliated companies are involved in
Zanjan petrochemical complex.
• Petrokhoram Co. is other affiliated company
responsible for Methanol to Propylene and
propylene derivatives plants.
• Propylene derivatives include Acrylic Acid, Oxo
alcohols and Iso Propyl alcohol plants.
• Pardis Fanavaran Alborz Co. is considered as the
master park developer and centralize utility
provider for all envisaged process units and
downstream(s).
• The Park will also host the downstream investors
to develop small scale plants within the park.
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Pardis Fanavaran
Chemical Park (95 ha)
Downstream
Units Petrokhoram; Process configuration
• The initial concept of the complex has been studied by PEDC based on in‐house data and local advisors
• The technology for Methanol has already been concluded and project implementation is undergoing • Centralize Utility plant will be designed subsequently after conclusion of process units’ scheme
Acrylic Acid Methanol MTP
452 KTA Propylene
140 KTA Glacial Acrylic Acid
AA
Esterificati
on
OXO Alcohol
GAA
Butyl Acrylate Normal Butanol
Normal Butanol
Iso
Butanol
2Ethylehex
anol
Gasoline
By products
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LPG
Acrylate Plant
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Introduction to Petrochemical projects
5- RUMAK RUBBER PROJECT IN MAHSHAR PETROCHEMICAL ZONE
Rumak Rubber Project- Location
•
•
•
•
Mahshar Petrochemical Special Economic Zone is located in the southwest of IRAN, at the Persian Gulf shore.
Mahshar is one of the strategic center for producing and export of petrochemical products.
The Zone is featuring comprehensive infrastructures and easy access to land and sea routes, Direct access to the feedstock resources, utilities and harbor facilities together with free zone incentives are other salient features of Mahshahr Petchem zone. Mahshahr
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Rumak Butyl Rubber project; The Process configuration
• The initial concept of the complex has been studied by PEDC based on in‐house data and local advisors
• Centralize Utility plant will be designed subsequently after conclusion of process units’ scheme
Isobutylene 99.95%
67 KTA
Purification Isobutane 44.5%
~ 225 KTA
Isobutane 95.6%
Isobutane 91.13%
Butane Deisobutanizer
Methanol 0.4 KTA
IsoButylene
Butyl Rubber
(Halo Butyl)
Dehydrogenation
Polymerization Unit
Poly Isobutylene
H2 Rich Fuel Gas
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Butyl Rubber Plant
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Pasargad Energy Development Co.
Pasargad Building, No. 139, Mirdamad St.
Tehran 1911618851, Iran
Tel: +98 21 26401808-9
Fax: +98 21 26401789