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Urmia Petchem Sees 34% Production Growth in H1-2024

Urmia Petchem Sees 34% Production Growth in H1-2024
(Saturday, September 28, 2024) 14:26

TEHRAN (NIPNA) – Urmia Petrochemical Company recorded a 34% increase in production during the first half of 2024 compared to the same period last year.

 

 

According to the company’s report, total output reached 72,795 tons, up from 54,229 tons in the first six months of 2023—an increase of over 18,000 tons.

This growth was driven by significant rises in the production of key products. Melamine crystal production grew by 61%, ammonium sulfate by 39%, sulfuric acid by 18%, ammonium sulfate by 40%, and hydrochloric acid by 37%.

As part of its strategy to complete the value chain, Urmia Petrochemical also launched a nitrogen-sulfur fertilizer unit with an annual capacity of 40,000 tons. Exports of this fertilizer are expected to boost the company’s revenue.

Additionally, the Poly Aluminium Chloride (PAC) project, recognized as a national initiative due to its production of solid PAC, is nearing completion. It will soon be officially inaugurated and integrated into the production line.

The two projects—nitrogen-sulfur fertilizer and poly aluminium chloride—are projected to generate approximately $16 million in foreign exchange earnings, further accelerating the company’s progress.

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