Meet Hengam Petrochemical, Iran’s newest urea producer

According to Energy Press, the Pars Special Economic Zone has become the beating heart of the country’s oil and gas industry over the past two decades, and one of the projects that has grown significantly in recent years is the Hengam Petrochemical Complex. Established in 2011, the complex is today known as one of the most important chemical fertilizer production units in the country, and its activities are of great importance in the domestic market.

Hengam Petrochemical was designed from the very beginning with the aim of producing ammonia and urea on a large scale, and now, after more than a decade of activity, it has managed to gain a special place in Iran’s petrochemical industry. The majority of the shares of this complex are held by Persian Gulf Holding; a company that manages more than 99 percent of Hengam’s shares and, as one of the largest petrochemical players in the Middle East, plays a decisive role in the direction of this project.

The ammonia production capacity of this complex is about 2,200 tons per day, part of which is used to produce urea and the other part is allocated to export markets. However, the turning point of Hengam’s activity this year is the completion of the urea unit launch operation. With the launch of this unit, the nominal urea production capacity of the country will increase by more than 1.15 million tons, which can both help stabilize the domestic agricultural fertilizer market and bring more foreign exchange to the country.

The complex consumes about 1.2 million cubic meters of natural gas per day, which is supplied from the South Pars phases and the national network, as its main feedstock. This significant volume of feedstock indicates the large scale of the complex’s activities and its dependence on the energy infrastructure of the region.

Hengam Petrochemical is currently managed by Mohsen Biglarbeigi and more than 300 specialists; a team that plays an important role in the continuous development and launch of new phases of the complex. In addition to its production activities, the complex is undergoing legal procedures to enter the stock exchange and, according to plans, will be ready for a public offering of shares in 1404 with the completion of the urea phase.

Today, Hengam Petrochemical is not only an industrial unit, but also one of the country’s development hopes in the field of chemical and agricultural products; a complex that can both increase Iran’s share in the global chemical fertilizer market and play a serious role in strengthening food security.