PasargadEnergyDevelopmentCompany

AGlanceatPetrochemicalInvestmentProjects
April 2016

About Pasargad Energy Development Co. (PEDC)

PEDC is a member holding company under the Pasargad Financial Group,
The group is 19th largest and PEDC itself is the 136th corporation (IMI500(*)),
Bank Pasargad is the major groups business, currently 2nd largest listed bank,
PEDC, established in 2008, looks at energy and petrochemical sector,
PEDCs core business; Oil, Gas and Petrochemicals, power and renewables,
PEDC acts as a Holding Co., currently running over 20 subsidiaries
Directors of PEDC dominate wide industry knowlegde through involvements in

various high rank executive levels under the ministries of Oil and Power

(*) IMI(IranManagementInstitute)publishesanannualreportcomparabletoFortune500oftheUS,bywhich,thelargestIranian
corporationsarerankedbasedonvariousaspects.ThisrankingisknownastheonlyofficialcorporaterankingpublicationinIran
2

Pasargad Group Structure

PasargadFinancialGroup
(ParsAryan InvestmentCo.PJS)

Pasargad Energy development Co.

(PEDC)
MIDHCO
(Middle East Mines and Mineral
Industries Development Holding Co.
Bank Pasargad
(Listed)

Mabnaye Khavar Mianeh Co.

Modaberan Sakht Aryan Co.

Bank pasargad
Investment Co.

Pasargad Insurance Co.

(Listed)

Machinery and Equipment leasing Co.

Iranian re-insurance Co.
Iranian Trading Management Co.
..
..
.
Iran Tourism and Cultural Heritage
investment Co.

Companies in
Various
industry
disciplines

PEDC Purpose and Values

Ourmission:

ValuecreationinEnergy,petrochemicalandrelatedfields

OurVision:

Theleadingprivateenergygroupintheregion

OurValues:

Puttingourcustomersatthecenterofourbusinessbyfurnishingthemour
bestpossiblevalue,quality,technologyandservices

Treatingourhumanresourceswithhonorandpridewhilechallenging,
valuingandrewardingthem,

Drivingexcellentfinancialperformance,

Committingtopromotesustainability,

Business Profile of PEDC

Upstream

Services: subsurface studies, drilling, Trunk lines, Design and construction of surface
facilities, fields operation and maintenance.
In Drilling, PEDC has established a special service company (Petro Danial), providing
specialty drilling and exploration services to the field developers.
In offshore development, the company owns and operates two jackup rigs which are now
under operation in south pars field development phases.

Refining
PEDC is developing a greenfield 35,000 bbl/d heavy oil refinery complex in Qeshm Island.
PEDC is a majority stakeholder in a 60,000 bbl/d condensate refinery project

Petrochemical

Power

In Petrochemicals, PEDCs general strategy is establishment of complexes with emphasis

on value creation over petrochemical value chains.
PEDC have already obtained approval and secured the feedstock for establishment of a
Butyl Rubber complex in Bandar Imam special zone,
PEDC is developing a polyolefin elastomer complex in Kerman province,
PEDC is also commencing a gas to polyolefin complex in Chabahar free zone area
Parsian development is the largest ambitious of the group, the complex is a large
propylene and propylene derivatives park.
PEDC is a major shareholder in Khoy and Orumiyeh combined cycle power plants with a
total capacity of over 1300 MW. PEDC has also acquired 100% ownership in Mashhad
Shariati combined cycle power complex.
PEDC is investing in development of Qeshm 500 MW power plant, a $ 350 mil IPP project
under construction

PEDC Group companies

Energy and Chemical
Trading Companies

Oil/gas field service

companies

Sivan Tadbir Trading Co.

Behin Energy Saramad Co

Ostovan Kish Drilling Co.

PEDC

Petro Danial Co.

Nafta Nir industrial Mgmt.

Refining and petrochemical

companies

Petro Kariz Kish Co.

Pars Behin oil refining Co.

Soroush Energy Paydar Co.
Power generation and
operation Companies

Pardis Fanavaran Alborz

Petro Khoram Co.
Roomak Saramad Co.
Polyethylene Gostaran Co.
Fajr Kerman Petchem Co.
Sina Chemical Industries Co.
Petro Hidaj Co.
6

Engineering and IT
Services
TAFAHOM Co.

Qeshm Movalled Co.

Parto Shams power Co.
Tadbir Sazan Power Co.
Andisheh sazan Behin Co.

Introduction to Petrochemical projects

1- PARSIAN PETROCHEMICAL COMPLEX

Parsian Petrochemical Complex-Location

Parsian is located at 40 km toward the east of Assaluyeh,
Parsian is developed by a special zone authority called:

South Energy Intensive Industrial Zone (SEIIZ).

Parsian is envisaged as the third Petrochemical zone,

which is being developed by private sector based on

policies implied by Iran National Petrochemical Co. (NPC).
Given relative proximity to Assaluyeh, Parsian is selected

as an extension site for continuation of petrochemical

development in southern coastline of Iran
Main advantages :

Proximity to Assaluyeh provides easy inland and marine

access to varieties of feedstock

Access to developed logistics infrastructures; i.e. two intl.

airports (Lamerd & Assaluyeh), transit roads and existing
service jetty,

Parsian shoreline has an exceptional water depth

comparing to other ports all over the Persian Gulf,

Parsian Zone is adjacent to the existing natural gas trunk

pipeline,

4/5/2016

PEDCs Roles in Parsian

PEDCsapproachtowarddevelopmentofParsian isratherdeliberated;
AccordingtoanagreementbetweenNPC,SEIIZandIMIDRO(*),PEDCshouldinvolveintwodifferent

undertakings:
MasterinfrastructuredevelopmentforPetrochemicalindustrieswithintheParsian zone,
EquityInvestmentinapetrochemicalvaluechain,
Astheinfrastructuredeveloper;PEDCwillberesponsibleforthefollowingactivities:

Accommodatethemasterplanfortheentirepetrochemicalpark
Landpreparationactivities,developmentofaccessroads,corridorsandgreenbelts
Developmentofcommonfacilitiesandprimaryutilities
Developmentofthelegalframeworkgoverningtheparksmanagementandadministration
Qualificationandhostingofthirdpartyinvestors,whowillinvolveinpetrochemicalprojects
AstheEquityinvestor;PEDCwillinvolveindevelopmentofapetrochemicalvaluechain,inlinewith

plansandpoliciesadvisedbyNPC.

(*)

: IMIDRO is a subsidiary company under the ministry of Industries and Mines which acts as a driving force for
development of Industrial projects all around the country. SEIIZ was incorporated by IMIDRO.

Propylene and derivatives; selected process concept

Propylene

NaturalGas
9.5 milNm3/d

Syngas(Reforme
dGas)

MeOH

MTP

PP

PolyPropylene

Ethylene

LPG

Oxygen

MTP
Byproducts

AirSeparation
Unit(s)

RawGasoline

Oxygen

Iso PropylAlcohol

IPA
DeCO2
Hydrogen

PO

PG

PG
DPG

EO

PPG

PPG

Ethylene

CO2Vent
DeCO2Syngas(H2/CO=3)

MeOH
MeOH

AceticAcid
CO
H2RichFueltoReformer

10

AceticAcid

Acetic acid Plant

11

Polypropylene application in Car industry

12

Introduction to Petrochemical projects

2- FAJR KERMAN PETROCHEMICAL COMPLEX

Kerman Petrochemical Complex-Location

Kerman is the largest and the most developed city in the southeast of Iran, Kerman is the countrys
second major hub of automobile manufacturers,

By access to the transit roads and railway, Kerman is easily connected to the port of Bandar Abbas
and eastern neighboring countries.

Easy access to state gas trunk pipe line, well educated and industry base human capital and
reasonable climate conditions are other features of Kerman.

14

Kerman; Process configuration

Ethylene
Propylene

EPDM*

EPDM

EVA**

EVA

Poly
Propylene

P.P

Ethylene
NaturalGas
1.6milNm3/d

Methanol
Plant

660KTA
Methanol

Ethylene

MTO
Propylene

Propylene

Byproducts

Residual
Hydrocarbon

(*)EPDM (Ethylene, Propylene Diene rubber) is an elastomer polymer which shows a rapidly growing applications in
industries, health care, households and many other applications.
(**) Ethylene Vinyl Acetate copolymer (EVA) is also a thermoplastic elastomer which has a wide range of
applications in car industries, medical uses and household applications.

15

EP(D)M applications Automotive

16

Introduction to Petrochemical projects

3- SINA CHEMICAL PLANT, CHABAHAR FREE ZONE

Development of Petrochemical zone in Chabahar

Chabahar is Iran's southernmost city, Lying on the coast of Oman sea, Chabahar is Irans largest port sited
at the east of Strait of Hurmoz.

Chabahar is a free trade zone featuring import and export custom duty exemptions and free trade facilities

Two operational jetties connecting Chabahar to international waterways, have a total loading capacity of
over 6 million tons of bulk and container cargos

Iran-Pakistan gas pipeline lying in a close proximity of Chabahar, turns Chabahar to be an advantageous
site for development of gas based petrochemical projects.

Mahshahr

Assaluyeh
Chabahar

18

Petrochemical zone in Chabahar

Negin Mokran Development co. a nongovernmental

entity is developing a master plan and infrastructure for

a large petrochemical zone in Chabahar.
PEDC acts as an investor and already committed direct

investment in a chemical plant within the zone.

Sina Chemical Industries Development Co. is a wholly

subsidiary of PEDC, assigned to the envisaged project.

Konarak
Airport

Chabahar
Bay

Chabahar
Port

19

4/5/2016

Sina Chemical Complex, Process configuration

TheconceptofSina complexisunderdevelopmentjointlybyPEDCandaninternationalconsultingfirm
Governmenthighlyincentivizesdevelopmentofclusterbasedpetrochemicaldevelopments.toreplace

exportofrawcommoditieswithvalueaddedchemicalsandpolymers

PolyEthylene
Family

PE

PolyPropylene
Family

PP

Ethylene
NaturalGas
4.2milNm/d

Methanol
Plant

Methanol

Oxygen
AirSeparation
Unit(s)

20

Methanolto
Olefins
Propylene

Polyolefin Plant

21

Introduction to Petrochemical projects

4- PETROKHORAM PETROCHEMICAL COMPLEX

Petrokhoram Petrochemical complex- Location

Located~300kmtowardwestofTehran,Zanjan isaprovincewithdevelopedindustrial
infrastructuresandgoodaccesstothepopulatedadjacentprovincesandbiglocalmarkets.

Furthermore,byaccesstothetransitroadsandrailway,Zanjan iseasilyconnectedtothe
neighboringmarketssuchasTurkey,Caucasus regionandIraq,

Easyaccesstostategastrunkpipeline,welleducatedandindustrybasehumancapitaland
reasonableclimateconditionsareothersalientfeaturesofZanjan.

23

PEDCs Strategy in Petrokhoram Complex

Three PEDCs affiliated companies are involved in

Zanjan petrochemical complex.

Petrokhoram Co. is other affiliated company

responsible for Methanol to Propylene and

propylene derivatives plants.
Propylene derivatives include Acrylic Acid, Oxo

alcohols and Iso Propyl alcohol plants.

Pardis Fanavaran Alborz Co. is considered as the

master park developer and centralize utility

provider for all envisaged process units and
downstream(s).
The Park will also host the downstream investors

to develop small scale plants within the park.

24

Pardis Fanavaran
ChemicalPark
(95ha)
Downstream
Units

Petrokhoram; Process configuration

TheinitialconceptofthecomplexhasbeenstudiedbyPEDCbasedoninhousedataandlocaladvisors
ThetechnologyforMethanolhasalreadybeenconcludedandprojectimplementationisundergoing
CentralizeUtilityplantwillbedesignedsubsequentlyafterconclusionofprocessunitsscheme

AcrylicAcid
Methanol
MTP
452KTA

Propylene
140KTA

Glacial
AcrylicAcid

AA

Esterificati
on
OXO
Alcohol

GAA

Butyl
Acrylate

Normal
Butanol

Normal
Butanol
Iso
Butanol
2Ethylehex
anol
Gasoline
By
products

25

LPG

Acrylate Plant

26

Introduction to Petrochemical projects

5- RUMAK RUBBER PROJECT IN MAHSHAR PETROCHEMICAL ZONE

Rumak Rubber Project- Location

Mahshar PetrochemicalSpecialEconomicZoneislocatedinthesouthwestofIRAN,atthePersian
Gulfshore.
Mahshar isoneofthestrategiccenterforproducingandexportofpetrochemicalproducts.
TheZoneisfeaturingcomprehensiveinfrastructuresandeasyaccesstolandandsearoutes,
Directaccesstothefeedstockresources,utilitiesandharborfacilitiestogetherwithfreezone
incentivesareothersalientfeaturesofMahshahr Petchem zone.

Mahshahr

28

Rumak Butyl Rubber project; The Process configuration

TheinitialconceptofthecomplexhasbeenstudiedbyPEDCbasedoninhousedataandlocaladvisors
CentralizeUtilityplantwillbedesignedsubsequentlyafterconclusionofprocessunitsscheme

Isobutylene99.95%

67KTA

Purification
Isobutane 44.5%

~225KTA

Isobutane 95.6%

Isobutane 91.13%

Butane

Deisobutanizer

Methanol0.4KTA

IsoButylene

ButylRubber
(HaloButyl)

Dehydrogenation
Polymerization
Unit
PolyIsobutylene
H2RichFuelGas

29

Butyl Rubber Plant

30

Pasargad Energy Development Co.

Pasargad Building, No. 139, Mirdamad St.
Tehran 1911618851, Iran
Tel: +98 21 26401808-9
Fax: +98 21 26401789