Marun petrochemical company

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Marun petrochemical company - Wikipedia

Coordinates: 30°29′02″N 49°05′33″E / 30.4838°N 49.0925°E

From Wikipedia, the free encyclopedia

30°29′02″N 49°05′33″E / 30.4838°N 49.0925°E / 30.4838; 49.0925

Marun Petrochemical Company
شرکت پتروشیمی مارون
Company type	Public company
Traded as	TSE: PMRZ1 ISIN: IRO3PMRZ0001^[1]
Industry	Petrochemical industry
Founded	Foundation 1999, Operation 2006
Founder	National Petrochemical Company
Headquarters	Mahshahr, Iran
Products	Low-density polyethylene High-density polyethylene Polyphenol Alkene Ethylene oxide Ethylene glycol
Website	mpc.ir/english

Marun Petrochemical Company (M.P.C.) (Persian: شرکت پتروشیمی مارون, romanized: Sherkat-e Petroshimi-ye Marun), is an Iranian petrochemical company in Mahshahr, Khuzestan, which was established in January 21, 1999.^[2]^[3]^[4]^[5]^[6]^[7]^[8]^[9]^[10]^[11]^[12]^[13]^[14]^[15]^[16]

History

Marun Petrochemical Company, one of Iran's petrochemical product manufacturing complexes, was established in Khuzestan province on January 21, 1999. The company was founded by collaborating with the National Petrochemical Company, the Oil Company Pension Fund, and the Polymer Pooshineh Industrial Group. Marun Petrochemical was built on a total area of 102.5 hectares, comprising two separate units in two distinct geographical regions. The first unit is located in the Koreyt Camp area of Ahvaz, occupying 9.5 hectares at the 15-kilometer mark of the Ahvaz-Mahshahr road. This unit is responsible for ethane recovery and producing feedstock for the olefin unit. The product is transported through a 95-kilometer pipeline to the Petrochemical Special Economic Zone in Bandar Imam Khomeini. The second unit was established on 93 hectares in Site 2 of the Bandar Imam Khomeini Petrochemical Special Economic Zone. This unit houses the olefin plant along with other production units and auxiliary services. This dual-location structure allows the company to carry out the entire production process, from ethane recovery to final petrochemical products, in an integrated chain. Construction of the olefin unit, known as the "Seventh Olefin Project," began in 2000. The Marun Petrochemical Company commenced operations in 2006, about eight years after its establishment. The official inauguration of the olefin unit was attended by Hassan Rouhani, then President of Iran. The launch of this unit transformed Marun Petrochemical Company into one of the world's major olefin producers. Two years after becoming operational, in 2008, as part of the privatization policies, the National Petrochemical Company transferred the ownership and management of this company to the private sector.^[17]^[18]^[19]^[20]^[21]^[22]

Units and products

The complex consists of low-density polyethylene (LDPE), high-density polyethylene, polyphenol, olefin, ethylene oxide/ethylene glycol and ultrasonic testing plants. The main plant is Olefin which feeds the others. Each plant has its own license. For example, the license for LDPE plant is from Stamicarbon (Sabic).^[23]^[24]^[25]^[26]^[27]^[28]

Sanctions

In 2022, the United States Treasury Department sanctioned Marun, Kharg, and Fanavaran petrochemical company in order to target the export of Iranian prochemical products.^[29]^[30]^[31]^[32]^[33]^[34]^[35]^[36]^[37]

Notes

^ "Marun Petrochemical, акция обыкновенная (IRO3PMRZ0001, PMRZ1)". InvestFunds.ru (in Russian). Retrieved September 18, 2024.
^ "Marun Petrochemical Co. (MPC)". iranoilgas.com. Retrieved September 18, 2024.
^ "The Petrochemical Chain". thebusinessyear.com. July 31, 2012. Retrieved September 18, 2024.
^ "Marun Petrochemical Complex 94% complete". Mehr News Agency. November 15, 2004. Retrieved September 18, 2024.
^ "7th Olefin Progresses 91.34%". Mehr News Agency. August 9, 2004. Retrieved September 18, 2024.
^ "Marun Petrochemical Company". origin-www.k-online.com. Retrieved September 18, 2024.
^ "Marun Petrochemical Company Raises Production". Shana: Petro Energy Information Network. January 15, 2014. Retrieved September 18, 2024.
^ "Marun Petrochemical Company attended on the 35th Malaysia International Machinery Fair". rahbordenergy.ir. July 18, 2024. Retrieved September 18, 2024.
^ "Iran's Marun Petrochemical Company announces value of sales". Trend News Agency. June 10, 2024. Retrieved September 18, 2024.
^ "Marun Petrochemical Company (MPC)". Gulf Oil and Gas. Retrieved September 18, 2024.
^ "Marun Petrochemical Company". AD Scientific Index. Retrieved September 18, 2024.
^ "Strike reports add to Iran petrochemical woes". Financial Times. Retrieved September 18, 2024.
^ "MARUN PETROCHEMICAL COMPANY". plasteurasia.com (in Turkish). Retrieved September 18, 2024.
^ "Marun Petrochem Company to Help Preserve Environment, Complete Value Chain". Financial Tribune. April 5, 2023. Retrieved September 18, 2024.
^ "Petrochemical industry, a pillar for Iran's resilient economy". Tehran Times. September 5, 2018. Retrieved September 18, 2024.
^ "Sustainability assessment of Iranian petrochemical companies in stock exchange: A data envelopment analysis-based approach". Wiley Online Library. December 27, 2018. Retrieved September 18, 2024.
^ "طرح " الفین " هفتم پتروشیمی 86 درصد پیشرفت اجرای داشته است". IRNA (in Persian). April 26, 2004. Retrieved September 18, 2024.
^ "پیشرفت اجرایی طرح الفین هفتم افزون بر 97 درصد شد". IRNA (in Persian). May 29, 2005. Retrieved September 18, 2024.
^ "طرح الفين هفتم پتروشيمي مارون به بهره برداري رسيد". Mehr News Agency (in Persian). August 30, 2006. Retrieved September 18, 2024.
^ "About Marun". Marun Petrochemical Company. Retrieved September 18, 2024.
^ "طرح الفین هفتم پس از بهره برداری، سبب توسعه صنایع پایین دستی و اشتغال زایی در کشور خواهد شد". شبکه اطلاع‌رسانی نفت و انرژی شانا (in Persian). July 28, 2004. Retrieved September 18, 2024.
^ "مشخصات مجتمع پتروشیمی مارون مجری طرح "الفین هفتم"". شبکه اطلاع‌رسانی نفت و انرژی شانا (in Persian). August 30, 2006. Retrieved September 18, 2024.
^ "معرفی مارون". شرکت پتروشیمی مارون (in Persian). Retrieved September 18, 2024.
^ "Marun Petrochemical Complex". Omnexus: The material platform selections. Retrieved September 18, 2024.
^ "MARUN Petrochemical". oxizan. Retrieved September 18, 2024.
^ "MARUN PETROCHEMICAL COMPLEX". arena-petrogas.com. Retrieved September 18, 2024.
^ "Marun Petrochemical Complex". portfolio-pplus.com. Retrieved September 18, 2024.
^ "Marun Petrochemical shuts LDPE and HDPE plants for turnaround". polymerupdate.com. May 30, 2023. Retrieved September 18, 2024.
^ "Sanctions List Search". OFAC. Retrieved September 18, 2024.
^ "Marun Petrochemical Company". Open Sanctions. Retrieved September 18, 2024.
^ "MARUN PETROCHEMICAL COMPANY". LURSOFT. Retrieved September 18, 2024.
^ "Treasury Targets International Sanctions Evasion Network Supporting Iranian Petrochemical Sales". U.S. Department of the Treasury. June 16, 2022. Retrieved September 18, 2024.
^ "US sanctions Iran petrochemical network". TV7 Israel News. June 20, 2022. Retrieved September 18, 2024.
^ "U.S. pressures Iran by targeting Chinese, UAE companies". Reuters. June 17, 2022. Retrieved September 18, 2024.
^ "US pressures Iran by targeting Chinese, UAE companies". The Indian Express. June 17, 2022. Retrieved September 18, 2024.
^ "US pressures Iran by targeting Chinese, UAE front companies". Arab News. June 17, 2022. Retrieved September 18, 2024.
^ "US continues crackdown on Iranian petroleum exports with fresh round of sanctions". TradeWinds. February 9, 2023. Retrieved September 18, 2024.

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