About Abadan Petrochemical Company
Abadan petrochemical company is one of the oldest petrochemical companies in Iran. It produces various products during the years after the revolution. In addition, it has successfully achieved its goals in petrochemical development programs. Therefore, the company’s history is entangled with the history of oil in Iran.
Following Britain’s discovery and the oil extraction in Iran, it was essential to build factories to prevent crude oil selling in the country. As a result of establishing the Abadan refinery, the first refinery in Iran, the government felt the need for more petrochemical products. More importantly, the abundance of gas and extract oil and the discovery of gas fields in the following years was the point that the idea of Abadan petroChemical company was born.
In 1963, the Iran plan and Budget organization hired the French Petroleum Institute to investigate the suitable location for the petrochemical complex. Abadan was near to oil fields. Also, The existence of oil pipelines in this area built for the Abadan refinery was a great advantage. Furthermore, accessibility to endless freshwater resources of the Arvand river make Abadan city the perfect choice. Thus, the Abadan Petrochemical Company was built with the partnership of National Petrochemical Company(74%) and American company BFGoodridge (26%).
In 1967, there was no experience building petrochemical complexes in the country. Hence, the American company Lamas started constructing the Abadan petrochemical complex. Two years later, in 1969, the company officially started its operation.
The initial annual production capacity was 20,000 tons of PVC, 10,000 tons of dodecylbenzene, and 24,000 tons of caustic soda.
In 1975, an expansion plan increased PVC production to 60,000 tons per year.
However, this company was ruined from 1980 to 1988 due to the fire of the 8-year Iran-Iraq war. After the war, the complex was rebuilt by specialized forces and returned to the production line.