Sepehr Energy Co



Sepehr Energy Corp.

Sepehr energy corp. (SECo) was established in Tehran on 2010 with the registered capital of 9998 billion Rials. Senior directors and the main consultants of SECo are high ranked engineers who have been pioneers of petrochemical industries in Iran and former leaders of National Petrochemical Company and Petrochemical Industries Development and Management Company.

SECo is shareholder of 3 mega methanol projects which are including Sabalan, Dena and Siraf Energy. Although, SECo is owner of Lavan Chemical Co. (a Urea & Ammonia project), Sitco (an International trade company) and Sepehr Lavan Petrochemical Qotb (a logistics and non- industrial operation company).

SECo has focused on completion of its Methanol projects. It is important to be mentioned that Sabalan Methanol project with Chinese finance have achieved to about 81% progress and Dena Methanol Project without any finance have a cumulative progress of about 61% and Siraf Energy Methanol Project with finance of National Development Fund of Iran also experienced progress about 40%.

Sabalan will produce methanol in 2nd half of 2019 and Dena and Siraf Energy will be commissioned in 2020.

Some information about SECo methanol projects can be fined in coming tables

Sabalan Project Information
Product 1,650,000 tons Methanol Per Year (Grade AA)
Location Assaluyeh Port
Feed Natural Gas 1413 MNm3/year (or 1056 kton/year) (IGAT)
Oxygen 521 MNm3/year (or 744 kton/year) (Damavand)
Total required investment

(Capex + Non-Capex)

269 million € + 7,598 billion Rials
Cumulative Progress

(End Of February 19th)

81.05 %
Financial Performance

(End Of February 19th)

219 million € + 4,092 billion Rials
License & Basic Engineering Haldor Topsoe
Detail Engineering, Supply of Equipment & Material PIDEC / ECEC
Construction Kayson – Qotb
Financer SINOSURE
Finance Amount 2518 million CNY
IRR 34 %
Dena Project Information
Product 1,650,000 tons Methanol Per Year (Grade AA)
Location Assaluyeh Port
 

Feed

Natural Gas 1413 MNm3/year (or 1056 kton/year) (IGAT)
Oxygen 521 MNm3/year (or 744 kton/year)

(Damavand)

Total required investment

(Capex + Non-Capex)

286 million € + 7,452 billion Rials
Cumulative Progress

(End Of February 19th)

61.02 %
Financial Performance

(End Of February 19th)

124 million € + 2,323 billion Rials
License & Basic Engineering Haldor Topsoe
Detail Engineering, Supply of

Equipment & Material

PIDEC
Construction Kayson – Zoha Sanat – Qotb
IRR 28 %
Siraf Project Information
Product 1,650,000 tons Methanol Per Year (Grade AA)
Location Siraf Port
Feed Sweet Gas 1413 MNm3/year (or 1056 kton/year) (IGAT)
Oxygen 521 MNm3/year (or 744 kton/year) (ASU)
Total required investment

(Capex + Non-Capex)

466 million € + 13,957 billion Rials
Cumulative Progress

)End Of February 19th(

39.97 %
Financial Performance

)End Of February 19th(

152 million € + 3,277 billion Rials
License & Basic Engineering Haldor Topsoe
Detail Engineering & Procurement

Service

Namvaran
Construction Pendar, Tiv, etc.
Financer National Development Fund of Iran
Finance Amount 370.7 million Euro
IRR 24 %