Zagros Petrochemical Company

Zagros Petrochemical Company
Company typeSubsidiary
TSE: PZGZ1
ISIN: IRO3PZGZ0003
IndustryPetrochemical industry
Founded2000
FounderLurgi AG, PIDEC
Headquarters
Asaluyeh
,
Iran
Key people
CEO: Matin Didari
ProductsMethanol
Websitewww.zpcir.com/en/home

The Zagros Petrochemical Company (Persian: شرکت پتروشیمی زاگرس) is an Iranian petrochemical company established in 2000 with the aim of implementing Iran's Third Economic Development Plan, and to access global markets and gain a suitable share of the methanol market. This company was built on a 31-hectare site in the South Pars Special Energy Economic Zone in Asaluyeh.[1][2][3][4] The Company has been sanctioned by the United States Department of the Treasury.[5]

History

Under a contract with the German company Lurgi and the Iranian company PIDEC, the construction process of the first phase of Zagros Petrochemical began in 2001 with an annual capacity of 1,650,000 tons of methanol, and was completed in 2006. The second phase of this company was completed in 2009. With the completion of the second phase, Zagros Petrochemical Company, with an annual production capacity of 3,300,000 tons of methanol, became the fifth-largest producer of this product in the world.[6]

Products

The main product of Zagros Petrochemical Company is AA grade methanol. This company ranks among the largest methanol producers in the world. The nominal production capacity of the Zagros Petrochemical Complex is 3.3 million tons.[7] Zagros Petrochemical Company is the largest methanol producer in Iran. In 2023, this company accounted for nearly 2 percent of global methanol production.[8][9][10][11][12][13]

Social Responsibility

To fulfill its social responsibility, Zagros Petrochemical built a multi-purpose sports complex specifically for women, valued at 50 billion rials, in Bandar Siraf.[14][15]

Notes

  1. ^ "تاریخچه زاگرس" [Zagros Petrochemical Company]. شرکت پتروشیمی زاگرس (in Persian). Retrieved July 4, 2024.
  2. ^ "قطعی ۳ ماهه گاز پتروشیمی زاگرس ۱۵۰ میلیون دلار از چرخه ارزی کشور خارج کرد" [The 3-month outage of Zagros petrochemical gas took 150 million dollars out of the country's currency cycle]. Tahlilbazaar.com (in Persian). Retrieved July 4, 2024.
  3. ^ "Zagros Petrochemical Company". Gulf Oil and Gas. Retrieved July 4, 2024.
  4. ^ "Zagros to build Iran DME plant using NPC-RT -Haldor Topsøe technology". Oil & Gas Journal. June 18, 2004. Retrieved July 4, 2024.
  5. ^ "Treasury Sanctions Companies for Enabling the Shipment and Sale of Iranian Petrochemicals". U.S. Department of the Treasury. September 3, 2020. Retrieved July 4, 2024.
  6. ^ "A Brief History". zpcir.com. Retrieved July 4, 2024.
  7. ^ "رونمایی از محصول جدید پتروشیمی زاگرس" [Unveiling the new Zagros Petrochemical product]. Tehraneconomy.ir (in Persian). Retrieved July 4, 2024.
  8. ^ "اختصاص جایگاه نخست به پتروشیمی زاگرس در میان فعالان این صنعت" [Assigning the first place to Zagros Petrochemical among the activists of this industry]. energypress.ir (in Persian). August 24, 2023. Retrieved July 4, 2024.
  9. ^ "Zagros, Dalian to Construct First Methanol Conversion Plant in Iran". Financial Tribune. January 2, 2023. Retrieved July 4, 2024.
  10. ^ "Top 14 Methanol Companies, Worldwide 2023: MarketsandMarkets 360 Quadrant Published". PR Newswire. September 11, 2023. Retrieved July 4, 2024.
  11. ^ "Top 14 Methanol Companies, Worldwide 2023". 360quadrants. Retrieved July 4, 2024.
  12. ^ "Iran's Zagros Petrochemical Company among world's largest methanol producers". SHANA Petro Energy Information Network. March 25, 2023. Retrieved July 4, 2024.
  13. ^ "Iranian producer Zagros has reduced run rates at both methanol units at its Assaluyeh plant because of curtailed feedstock supplies". Argus Media. Retrieved July 4, 2024.
  14. ^ "مجتمع ورزشی چندمنظوره سیراف به همت پتروشیمی زاگرس افتتاح شد" [Siraf multi-purpose sports complex was opened with the help of Zagros Petrochemical]. Petro Energy Information Network (in Persian). Retrieved July 4, 2024.
  15. ^ "با همت پتروشیمی زاگرس برای اولین بار در کشور بزرگ‌ترین رویداد نوآورانه بین المللی نعت پتروشیمی برگزار شد" [With the efforts of Zagros Petrochemical, for the first time in the country, the largest international innovative event of Naat Petrochemical was held.]. Armanmeli.ir (in Persian). Retrieved July 4, 2024.

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