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 ۱,۶۵۰,۰۰۰ tons Methanol Per Year (Grade AA)
Location Assaluyeh Port
Feed Natural Gas ۱۴۱۳ MNm3/year (or 1056 kton/year) (IGAT)
Oxygen ۵۲۱ MNm3/year (or 744 kton/year) (Damavand)
Total required investment

(Capex + Non-Capex)

۲۶۹ million € + ۷,۵۹۸ billion Rials
Cumulative Progress

(End Of February 19th)

۸۱.۰۵ %
Financial Performance

(End Of February 19th)

۲۱۹ million € + ۴,۰۹۲ billion Rials
License & Basic Engineering Haldor Topsoe
Detail Engineering, Supply of Equipment & Material PIDEC / ECEC
Construction Kayson – Qotb
Financer SINOSURE
Finance Amount ۲۵۱۸ million CNY
IRR ۳۴ %
Dena Project Information
Product ۱,۶۵۰,۰۰۰ tons Methanol Per Year (Grade AA)
Location Assaluyeh Port
 

Feed

Natural Gas ۱۴۱۳ MNm3/year (or 1056 kton/year) (IGAT)
Oxygen ۵۲۱ MNm3/year (or 744 kton/year)

(Damavand)

Total required investment

(Capex + Non-Capex)

۲۸۶ million € + ۷,۴۵۲ billion Rials
Cumulative Progress

(End Of February 19th)

۶۱.۰۲ %
Financial Performance

(End Of February 19th)

۱۲۴ million € + ۲,۳۲۳ billion Rials
License & Basic Engineering Haldor Topsoe
Detail Engineering, Supply of

Equipment & Material

PIDEC
Construction Kayson – Zoha Sanat – Qotb
IRR ۲۸ %
Siraf Project Information
Product ۱,۶۵۰,۰۰۰ tons Methanol Per Year (Grade AA)
Location Siraf Port
Feed Sweet Gas ۱۴۱۳ MNm3/year (or 1056 kton/year) (IGAT)
Oxygen ۵۲۱ MNm3/year (or 744 kton/year) (ASU)
Total required investment

(Capex + Non-Capex)

۴۶۶ million € + ۱۳,۹۵۷ billion Rials
Cumulative Progress

)End Of February 19th(

۳۹.۹۷ %
Financial Performance

)End Of February 19th(

۱۵۲ million € + ۳,۲۷۷ billion Rials
License & Basic Engineering Haldor Topsoe
Detail Engineering & Procurement

Service

Namvaran
Construction Pendar, Tiv, etc.
Financer National Development Fund of Iran
Finance Amount ۳۷۰.۷ million Euro
IRR ۲۴ %