Asalouyeh Project to Double Storage Capacity of Iran Petchem Hub

The completion of the second phase of a project in Asalouyeh in Bushehr Province will double the storage capacity of Iran’s largest petrochemical hub, managing director of Asalouyeh Petrochemical Green Tanks Company said.

“The new phase includes 13 tanks, of which nine are ready to become operational,” Mohammad Reza Yazdani was also quoted as saying by the Oil Ministry’s news portal. Close to 360,000 cubic meters of petrochemical goods can be stored in the region now and the inauguration of the new phase will increase the current capacity to 774,000 cubic meters, he added.

Yazdani said the first phase of the plan was completed seven years ago and helped the region’s firms to add $44 million to their annual revenues and the new phase will double it. Close to $50 million have been invested in the venture over the last 12 months and it will raise storage capacity by 414,000 cubic meters.

Giving a breakdown, he noted that three methanol storage tanks with a capacity of 360,000 cubic meters, two tanks with an ethylene glycol storage capacity of 48,000 cubic meters and one container for storing 6,000 cubic meters of diethylene glycol will go on stream in the near future.