As reported by NIPNA citing the public relations office of
Kermanshah Petrochemical Industries, Seyyed Jafar Hashemi, the Managing
Director, highlighted the advancements made in the Phase Two project.
"Up to this stage of the development plan, 73% progress
has been achieved, constituting a major leap in the project's overall
execution. A considerable portion of the budget has been sourced domestically,
indicating a 51% utilization of funds acquired since 2021," Hashemi
mentioned. This progress is the highest achieved since the project's inception
back in 2010.
Elaborating further on the project's milestones, Hashemi
emphasized the company's dedication to bringing units like the auxiliary
services and ammonia to operational status by late 2024 and the urea unit by
the mid-2025. These endeavors are aimed at doubling production, generating
employment opportunities, and consequently contributing to the region and the
The Managing Director underlined the strategies employed in
the project's execution, emphasizing the maximization of domestic engineering
capabilities, local resource utilization for enhanced domestic production, and
the adoption of various negotiation strategies to procure cost-effective
equipment, resulting in a 15% reduction in project expenses.
Hashemi also highlighted several specialized projects
focusing on optimizing water consumption, enhancing power reliability,
improving productivity, developing infrastructures, prioritizing research and
innovation, and promoting domestic manufacturing. These initiatives are
projected to elevate Kermanshah Petrochemical Industries to a pioneering
research and innovation hub in the petrochemical industry, establishing the
company as a leading industrial entity in the western and northwestern regions
Furthermore, Hashemi hailed the company's remarkable
performance, surpassing its nominal capacity by 110% in production, placing it
at the forefront among urea producers. Kermanshah Petrochemical Industries has
exhibited the highest export sales among urea producers, as well as the lowest
production costs and highest operational profit margins compared to other
companies in the first half of the year, based on audited financial statements.