Marun petrochemical company explained

Marun Petrochemical Company
شرکت پتروشیمی مارون
Type:Public company
Traded As:TSE

PMRZ1
ISIN: IRO3PMRZ0001[1]

Industry:Petrochemical industry
Founder:National Petrochemical Company
Foundation:Foundation 1999, Operation 2006
Location:Mahshahr, Iran
Products:Low-density polyethylene
High-density polyethylene
Polyphenol
Alkene
Ethylene oxide
Ethylene glycol

Marun Petrochemical Company (M.P.C.) (fa|شرکت پتروشیمی مارون|Sherkat-e Petroshimi-ye Marun), is an Iranian petrochemical company in Mahshahr, Khuzestan, which was established in January 21, 1999.[2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16]

History

Marun Petrochemical Company, one of Iran's petrochemical product manufacturing complexes, was established in Khuzestan province on January 21, 1999. The company was founded by collaborating with the National Petrochemical Company, the Oil Company Pension Fund, and the Polymer Pooshineh Industrial Group. Marun Petrochemical was built on a total area of 102.5 hectares, comprising two separate units in two distinct geographical regions. The first unit is located in the Koreyt Camp area of Ahvaz, occupying 9.5 hectares at the 15-kilometer mark of the Ahvaz-Mahshahr road. This unit is responsible for ethane recovery and producing feedstock for the olefin unit. The product is transported through a 95-kilometer pipeline to the Petrochemical Special Economic Zone in Bandar Imam Khomeini. The second unit was established on 93 hectares in Site 2 of the Bandar Imam Khomeini Petrochemical Special Economic Zone. This unit houses the olefin plant along with other production units and auxiliary services. This dual-location structure allows the company to carry out the entire production process, from ethane recovery to final petrochemical products, in an integrated chain. Construction of the olefin unit, known as the "Seventh Olefin Project," began in 2000. The Marun Petrochemical Company commenced operations in 2006, about eight years after its establishment. The official inauguration of the olefin unit was attended by Hassan Rouhani, then President of Iran. The launch of this unit transformed Marun Petrochemical Company into one of the world's major olefin producers. Two years after becoming operational, in 2008, as part of the privatization policies, the National Petrochemical Company transferred the ownership and management of this company to the private sector.[17] [18] [19] [20] [21] [22]

Units and products

The complex consists of low-density polyethylene (LDPE), high-density polyethylene, polyphenol, olefin, ethylene oxide/ethylene glycol and ultrasonic testing plants. The main plant is Olefin which feeds the others. Each plant has its own license. For example, the license for LDPE plant is from Stamicarbon (Sabic).[23] [24] [25] [26] [27] [28]

Sanctions

In 2022, the United States Treasury Department sanctioned Marun, Kharg, and Fanavaran petrochemical company in order to target the export of Iranian prochemical products.[29] [30] [31] [32] [33] [34] [35] [36] [37]

See also

Notes and References

  1. Web site: InvestFunds.ru. Marun Petrochemical, акция обыкновенная (IRO3PMRZ0001, PMRZ1). September 18, 2024. ru.
  2. Web site: iranoilgas.com. en. Marun Petrochemical Co. (MPC). September 18, 2024.
  3. Web site: thebusinessyear.com. en. The Petrochemical Chain. July 31, 2012. September 18, 2024.
  4. Web site: Mehr News Agency. en. Marun Petrochemical Complex 94% complete. November 15, 2004. September 18, 2024.
  5. Web site: Mehr News Agency. en. 7th Olefin Progresses 91.34%. August 9, 2004. September 18, 2024.
  6. Web site: origin-www.k-online.com. en. Marun Petrochemical Company. September 18, 2024.
  7. Web site: Shana: Petro Energy Information Network. en. Marun Petrochemical Company Raises Production. January 15, 2014. September 18, 2024.
  8. Web site: rahbordenergy.ir. en. Marun Petrochemical Company attended on the 35th Malaysia International Machinery Fair. July 18, 2024. September 18, 2024.
  9. Web site: Trend News Agency. en. Iran's Marun Petrochemical Company announces value of sales. June 10, 2024. September 18, 2024.
  10. Web site: Gulf Oil and Gas. en. Marun Petrochemical Company (MPC). September 18, 2024.
  11. Web site: AD Scientific Index. en. Marun Petrochemical Company. September 18, 2024.
  12. Web site: Financial Times. en. Strike reports add to Iran petrochemical woes. September 18, 2024.
  13. Web site: plasteurasia.com. tr. MARUN PETROCHEMICAL COMPANY. September 18, 2024.
  14. Web site: Financial Tribune. en. Marun Petrochem Company to Help Preserve Environment, Complete Value Chain. April 5, 2023. September 18, 2024.
  15. Web site: Tehran Times. en. Petrochemical industry, a pillar for Iran’s resilient economy. September 5, 2018. September 18, 2024.
  16. Web site: Wiley Online Library. en. Sustainability assessment of Iranian petrochemical companies in stock exchange: A data envelopment analysis-based approach. December 27, 2018. September 18, 2024.
  17. Web site: IRNA. fa. طرح " الفین " هفتم پتروشیمی 86 درصد پیشرفت اجرای داشته است. April 26, 2004. September 18, 2024.
  18. Web site: IRNA. fa. پیشرفت اجرایی طرح الفین هفتم افزون بر 97 درصد شد. May 29, 2005. September 18, 2024.
  19. Web site: Mehr News Agency. fa. طرح الفين هفتم پتروشيمي مارون به بهره برداري رسيد. August 30, 2006. September 18, 2024.
  20. Web site: Marun Petrochemical Company. en. About Marun. September 18, 2024.
  21. Web site: شبکه اطلاع‌رسانی نفت و انرژی شانا. fa. طرح الفین هفتم پس از بهره برداری، سبب توسعه صنایع پایین دستی و اشتغال زایی در کشور خواهد شد . July 28, 2004. September 18, 2024.
  22. Web site: شبکه اطلاع‌رسانی نفت و انرژی شانا. fa. مشخصات مجتمع پتروشیمی مارون مجری طرح "الفین هفتم". August 30, 2006. September 18, 2024.
  23. Web site: شرکت پتروشیمی مارون. fa. معرفی مارون. September 18, 2024.
  24. Web site: Omnexus: The material platform selections. en. Marun Petrochemical Complex. September 18, 2024.
  25. Web site: oxizan. en. MARUN Petrochemical. September 18, 2024.
  26. Web site: arena-petrogas.com. en. MARUN PETROCHEMICAL COMPLEX. September 18, 2024.
  27. Web site: portfolio-pplus.com. en. Marun Petrochemical Complex. September 18, 2024.
  28. Web site: polymerupdate.com. en. Marun Petrochemical shuts LDPE and HDPE plants for turnaround. May 30, 2023. September 18, 2024.
  29. Web site: OFAC. en. Sanctions List Search. September 18, 2024.
  30. Web site: Open Sanctions. en. Marun Petrochemical Company. September 18, 2024.
  31. Web site: LURSOFT. en. MARUN PETROCHEMICAL COMPANY. September 18, 2024.
  32. Web site: U.S. Department of the Treasury. en. Treasury Targets International Sanctions Evasion Network Supporting Iranian Petrochemical Sales. June 16, 2022. September 18, 2024.
  33. Web site: TV7 Israel News. en. US sanctions Iran petrochemical network. June 20, 2022. September 18, 2024.
  34. Web site: Reuters. en. U.S. pressures Iran by targeting Chinese, UAE companies. June 17, 2022. September 18, 2024.
  35. Web site: The Indian Express. en. US pressures Iran by targeting Chinese, UAE companies. June 17, 2022. September 18, 2024.
  36. Web site: Arab News. en. US pressures Iran by targeting Chinese, UAE front companies. June 17, 2022. September 18, 2024.
  37. Web site: TradeWinds. en. US continues crackdown on Iranian petroleum exports with fresh round of sanctions. February 9, 2023. September 18, 2024.

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