With the official unveiling of a fully homegrown technology for refining heavy petrochemical cuts at the Coal Tar Refining Company (a subsidiary of Sina Energy Holding), this industrial group has not only achieved a remarkable 150% increase in naphthalene production, but has also created millions of dollars in annual added value for the country, relying solely on domestic innovation and without the purchase of any new equipment.
According to Sina Energy: during a ceremony attended by the CEOs of Shasta Investment Company, Sadr Tamin, Isfahan Steel Company, several members of parliament, and the CEO of Coal Tar Refining Company, a breakthrough domestic technology for the purification of waste petrochemical oils into pure form, developed by the company’s specialists, was officially unveiled.
Amir Pirooz Soleimani, CEO of Coal Tar Refining Company, stated: “This refining technology for petrochemical waste oils is globally unique. The implementation of this innovative method has led to an approximately 150% increase in naphthalene output, a strategic product for which Coal Tar Refining is the sole producer in the Middle East and Eurasia.”
He emphasized that this achievement was realized without acquiring new machinery, solely through the development of novel process engineering methods, adding: “This transformation has not only boosted output but has also significantly reduced costs, generating nearly $10 million in annual added value, a benefit arising from energy savings and cutting production costs in half.”
Later in the session, the CEO of Shasta praised Coal Tar Refining’s efforts in maintaining and enhancing production capacity. The CEO of Sadr Tamin also expressed appreciation for the company’s management and staff, underscoring the need to strengthen cooperation between Isfahan Steel and Coal Tar Refining.
The CEO of Isfahan Steel Company also announced the company’s full readiness to ensure a stable supply of feedstock to Coal Tar Refining — a move expected to play a key role in completing the value chain and meeting the needs of downstream industries.
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