Company Introduction

Khark Petrochemical Company (public joint-stock) Its initial design has been started since 1967 with the goal of preventing the burning of gases, arose from oil extraction by the Iranian Offshore Oil Company (Kharg Island), and converting them into valuable products. It has been in operation since November 6, 1969. Its initial design has been carried out since early 1965 by the American J.E. Pritchard company and implemented by the Japanese corporation, Chiyoda, through an equal (50-50) partnership between the National Petrochemical Company of Iran and the American company, Amoco, with a capital of 900 million IRR. The expansion plan of the company began in 1994 to prevent the burning of light gases and convert them into valuable products, the project of building the Khark methanol unit with a capital of 149.5 million USD and 460.5 billion IRR was successfully implemented in March 2000. The project was designed by the German company, Lurgi.