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Petrofarhang Holding Orders 30 Key Process Equipment Locally, Saving Millions in Hard Currency

Petrofarhang Holding Orders 30 Key Process Equipment Locally, Saving Millions in Hard Currency
(Monday, January 27, 2025) 11:24

TEHRAN (NIPNA) - Petrofarhang Holding has placed its first-ever domestic orders for 30 specialized process equipment items, a move that marks a significant step toward industrial self-sufficiency and has saved the country tens of millions of euros in hard currency.

Javad Zarepour, CEO of Petrofarhang Holding, said the initiative includes orders for methanol synthesis catalysts, ultra-heavy methanol reactors, heat exchangers, and secondary reformers. “This achievement reflects the confidence in local engineers and specialists, which is now embedded in the culture of the holding. It sets a new horizon for Iran’s petrochemical industry,” he stated.

Zarepour highlighted that 24 of these process equipment items were ordered from domestic knowledge-based companies and suppliers for the Dena (Phase 2 of Sabalan Petrochemical) and Siraf Energy projects. “This prevented the outflow of significant hard currency,” he added.

The equipment, weighing approximately 3,500 tons, was manufactured by Machine Sazi Arak. To date, 16 units have been delivered and installed, while four are en route to Assaluyeh, and the remaining four are scheduled for completion by year-end.

Petrofarhang has also taken a pioneering role in producing a nationally developed methanol synthesis catalyst, Zarepour noted. This catalyst, previously imported at a high cost, is now produced locally, achieving self-sufficiency. With 12 methanol-producing companies operating or under development in Iran, the initiative is expected to save millions of dollars annually, which can be redirected toward supporting domestic knowledge-based enterprises and strengthening industrial independence.

Zarepour also announced progress in localizing the acetylene hydrogenation catalyst, previously imported from abroad. The catalyst is now being co-produced by an Iranian knowledge-based company and Morvarid Petrochemical, aiming to fulfill domestic demand and reduce currency outflows.

Additionally, the production of ethylene oxide catalysts and industrial wastewater treatment packages for Morvarid and Kimia Petrochemical Companies by Iranian manufacturers underscores the holding’s commitment to sustaining this national self-reliance movement.

The initiative reflects Iran’s broader efforts to strengthen its industrial capabilities and reduce dependency on foreign suppliers amid ongoing economic challenges.

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