Isfahan Oil Refinery to Become Petro-Refinery Holding Company
03.19.2023 By TankTerminals.com - NEWS

March 19, 2023 [Financial Tribune] – Isfahan Oil Refinery in the central Isfahan Province has launched development plans to turn into a petro-refinery holding company and one of the plans is to become a major propylene producer in three years, the company’s managing director said.

 

“The goal will be achieved by constructing a residue fluid catalytic cracking [RFCC] unit, and it is expected to produce 600,000 tons of propylene in 2026,” Mohsen Qadiri was also quoted as saying by the Energy Today website.

Propylene is a colorless gas with a naturally pungent smell. It is a key commodity in the petrochemical industry and can be transformed into value added products like polypropylene and create jobs in the downstream petrochemical sector.

RFCC units help convert hydrotreated and straight-run resid to high levels of propylene.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

BASF and Stolt Tankers Introduce the Low-Water Chemical Tanker Stolt Ludwigshafen During Ship Christening Ceremony
05.29.2023 - NEWS
May 29, 2023 [Stolt Neilsen]- On May 26, 2023, the new low-water inland tanker Stolt Ludwigshafen... Read More
Turkey, Iraq Seek to Boost Trade at Summit in Erbil
05.29.2023 - NEWS
May 29, 2023 [Rudaw]- Erbil on Sunday hosted the seventh Turkey-Iraq investment and trade summit,... Read More
Oil Supply won't be Affected by Stricter Price Cap Enforcement, IEA says
05.29.2023 - NEWS
May 29, 2023 [Reuters]-  “It may have some impact but countries once again reiterated that... Read More
Hedge Funds’ Ultra-Bearish Oil Bets Signal US Recession Angst
05.29.2023 - NEWS
May 29, 2023 [The Business Times]- MONEY managers who trade derivatives linked to oil and fuel p... Read More