Kharg Petrochemical Company
| Company type | Public company |
|---|---|
| TSE: PKHA1 ISIN: IRO1PKHA0001[1] | |
| Industry | Petrochemical industry |
| Founded | 1965 |
| Founder | National Petrochemical Company |
| Headquarters | Kharg Island, Iran, , |
| Products | Methanol Propane Butane Sulfur Pentane |
| Website | www.khargpetrochemical.ir |
Kharg Petrochemical Company (Persian: شرکت پتروشیمی خارگ, romanized: Sherkat-e Petroshimi-ye Kharg), is an Iranian petrochemical company in Kharg Island, a continental island of Iran in the Persian Gulf.
History
The Khark Petrochemical Company was established on Kharg Island in 1965, originally named the Khark Chemical Company. Its primary purpose was to recycle sour gas and various byproducts from Iranian offshore oil well gases, including propane, butane, naphtha, and sulfur. The company was founded as a 50/50 joint venture between NIOC and Amoco. An American company, J.E. Prichard, developed the initial engineering design for the operational units, while Chiyoda executed the construction and installation. Construction began in early 1967, and the facility was commissioned in 1969. Over time, the company expanded its operations to include methanol production, with its methanol plant. The construction of the methanol plant, designed by Lurgi AG, began in 1994. This factory was put into operation in 1999. The company was converted into a public company on September 11, 1996, and listed on the Tehran Stock Exchange on January 16, 1999, as "PKHA1".[2][3]
Products
The Kharg Petrochemical produces sulfur, propane, butane, pentane, and methanol by purifying sour gases extracted from the Iranian offshore oil wells.[4]
Sanctions
In 2022, the United States Treasury Department sanctioned Kharg, Marun, and Fanavaran petrochemical company in order to target the export of Iranian prochemical products.[5][6]
See also
Notes
- ^ "Khark Petrochemical, акция обыкновенная (IRO1PKHA0001)". InvestFunds.ru (in Russian). Retrieved September 24, 2024.
- ^ Iran Almanac and Book of Facts. Echo of Iran. 1976-01-01. Archived from the original on 2016-01-17. Retrieved 2016-01-14.
- ^ Moody's Municipal & Government Manual. Moody's Investors Service. 1979-01-01. Archived from the original on 2016-01-17. Retrieved 2016-01-14.
- ^ "Products". Kharg Petrochemical Company. Archived from the original on September 24, 2024. Retrieved September 24, 2024.
- ^ "U.S. pressures Iran by targeting Chinese, UAE companies". Reuters. June 17, 2022. Retrieved September 24, 2024.
- ^ "US pressures Iran by targeting Chinese, UAE front companies". Arab News. June 17, 2022. Retrieved September 24, 2024.