On Monday, September 18, 2023, the contract for the conceptual design and technical and economic feasibility studies of the LG facility, aimed at optimizing gas consumption in Khorasan Petrochemical Company, was officially signed between Khorasan Petrochemical Company and the Research Institute of Petroleum Industry (RIPI).
Following extensive discussions between the RIPI and Khorasan Petrochemical Company, the contract for the conceptual design and technical feasibility study of the LG plant, aimed at maximizing gas consumption, was signed on the sidelines of the second day of the 17th Iran Plast International Exhibition.
In a statement made during the event, Azim Kalantari Asl, the Head of the RIPI, emphasized the importance of gas liquefaction technology (LG), which is currently enabling advanced countries to excel in gas transportation and marketing. He stated, "One of the proven methods to prevent gas wastage during cold seasons is gas compression and liquefaction."
He continued, "During the International Oil Exhibition in April of this year, the RIPI and Khorasan Petrochemical Company signed a memorandum of understanding for the feasibility study and design of the gas liquefaction unit. Today, due to the seriousness of both parties, we are witnessing the formal signing of the project contract."
Yousef Hassani, CEO of Khorasan Petrochemical Company, also noted during the event that their company's strategic location at the end of the country's gas pipelines and the significant drop in gas pressure during cold seasons necessitate the establishment of an LG unit. He stated, "The conceptual design of the LG unit in Khorasan Petrochemical Company has already been completed by experts from the RIPI, and we are eagerly awaiting the final design and economic feasibility study of this project."
The 17th Iran Plast International Exhibition, which commenced on Sunday, September 17, with a focus on enhancing the value chain, supporting domestic production, and promoting local manufacturing, will continue for four days at the Tehran International Exhibition Center.