Info:
According to U.S. Treasuy – Petrochemical Company – Bou Ali Sina Petrochemical Company is owned by the Iranian government;
Bou Ali Sina Petrochemical is a 100% owned subsidiary of National Petrochemical Company. The company is responsible for the construction of NPC’s third aromatics complex. Feedstock for the third aromatic project includes light and heavy naphtha which are supplied via pipeline from Pazanan, Iran. Pyrolysis gasoline is sourced from NPC’s sixth and seventh olefins projects. These projects become fully operational during 2004 and are owned by NPC subsidiary Amir-Kabir Petrochemical Company. Engineering work on the project began in December 2000 and construction activities got under way in April 2001. The first phase of the project was completed in October 2003 and the plant become fully operational in August 2004. Iran’s Pidec was awarded the contract to provide detailed engineering and procurement, while Germany-based Uhde (formerly known as Krupp-Uhde) provided basic engineering. Construction was handled by Iran’s Petro Pars. The company’s main activities are engineering, procurement and construction in the areas of offshore and onshore projects. Technology for the third aromatics project was provided by a number of companies. France-based Institut Francais du Petrole (IFP) provided technology for xylene separation and isomerisation. IFP says that Iran ranks among its top clients. China’s Sinopec signed an agreement to provide the aromatics project with transalkylation technology. Germany-based Kerpen Industries was awarded a contract by Pidec to supply instrument, thermocouple and fieldbus cables for the aromatics project. The industrial division of Kerpen is said to be the largest privately owned cable manufacturer in Germany; UK-based Weir Process Group was awarded a contract, valued at £9 million, to supply pumping equipment for the third aromatics project. The contract comprised API process pumps which were made by Begemann, at its plant in Venlo, The Netherlands. The Weir Process Group provided 148 end suction pumps, 38 in-between bearing pumps, 14 vertical long-shaft pumps, 14 small piston diaphragm pumps and spare parts. Damafin, a subsidiary of Iran’s Idro was awarded a contract to supply air coolers for the third aromatic project. Damafin specialises in supplying air coolers and different types of finned tubes for various process industries. Iran’s Pazand Tarabar was responsible for moving Bou Ali Sina’s petrochemical plant’s heavy pieces weighing over 150t. Pazand Tarabar is an international and local transportation company. Its main activities include freight forwarding, customs, brokerage, shipping and local transportation projects. Germanischer Lloyd was appointed by Pidec to provide safety inspection of Bou Ali Sina’s aromatics facility. Germanischer Lloyd’s activities included worldwide inspection of critical components and equipment;
Partners of Bou Ali Sina Petrochemical Company:
AXENS France, Thyssenkrupp Germany, SINOPEC China;
According to their official website:
Bu-Ali Sina Petrochemical Complex is located in a land plot of 36 hectares in the northwest of the Persian Gulf in Khuzestan province and in the special zone of Imam Khomeini port. The complex was the implementation of the third Aromatic Plan, which began its operation in April 2001 and units Its production was launched in 1383. Bu-Ali Sina petrochemicals for the production of terephthalic acid or dimethyl terephthalic, as well as intermediates in the production of polyester and fiber, for the production of styrene, dodecyl benzene for detergents, cyclohexane for the production of nylon, phenol and nitrobenzene, as well as for the production of aniline and Solvents are used to make plastidizers, drugs and pesticides, paints, phthalic anhydride. Bu-Ali Sina petrochemical products exports to the Gulf countries of Europe, Southeast Asia, North Africa in domestic sales to Petrochemical companies in Bandar-e-Imam, Shahid Tondoogan, Amir Kabir, Farabi, Tabriz Petrochemicals and other downstream companies and industries; 1370 billion riyals and 300 million dollars. Currency exchange through Belgian and French finance and the Rial Investment through the participation of Mellat Bank and National Petrochemical Company;
The process units of this complex are 11 units, with a bachelor of its units from AXENS France, KRUPP UHDE Germany, SINOPEC China;
Designated on June 07, 2019 by the U.S. Treasury for being owned or controlled by the Iran-based PGPIC;
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against Iran’s largest and most profitable petrochemical holding group, Persian Gulf Petrochemical Industries Company (PGPIC), for providing financial support to Khatam al-Anbiya Construction Headquarters (Khatam al-Anbiya), the engineering conglomerate of the Islamic Revolutionary Guard Corps (IRGC);
PGPIC, has awarded major engineering, procurement, and construction contracts to the IRGC’s Khatam al-Anbiya, generating hundreds of millions of dollars for an IRGC economic conglomerate that stretches across Iran’s major industries;
Income from this entity, Iran Regime uses to sponsor terrorist organizations like IRGC, Hezbollah, Hamas, sponsor terrorist attacks around the world, develop weapons of mass destruction and build new missiles to threaten to destroy other countries;
Also Known As:
Buali Sina Petrochemical Company
Bu Ali Sina Petrochemical Company
Bou Ali Sina Petrochemical Company
Buali Sina Petrochemical Company
Involved In:
Nuclear Weapon Program
Country:
Iran
Address:
No. 17, 1st Floor, Daman Afshar St., Vanak Sq., Vali-e-Asr Ave, Tehran 19697, Iran
Petrochemical Special Economic Zone (PETZONE), Iran
Phone:
021-88780521
Website:
www.bspc.ir
E-mail:
info@bspc.ir
Reason for the color:
» June 7, 2019 – Treasury Sanctions Iran’s Largest Petrochemical Holding Group and Vast Network of Subsidiaries and Sales Agents;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on November 05, 2018 pursuant to Executive Order 13599 for being owned or controlled by the government of Iran;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), pursuant to Executive Order 13599, which targets the government of Iran;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;