RoydadNaft –  Iran’s Arya Sasol Polymer Company, one of the country’s leading petrochemical players, has approved a 150% capital increase from retained earnings to accelerate three strategic projects aimed at expanding capacity and securing long-term profitability in an increasingly challenging global market.

CEO Mohammad Reza Heidarzadeh described the new medium- and heavy-density polyethylene (MD/HDPE) unit, the tenth olefin furnace, and the C3-plus separation facility as the cornerstone of Iran’s Arya Sasol’s growth strategy. “Adding 300,000 tons of MD/HDPE annually will significantly improve portfolio balance and enhance flexibility across our target markets,” he said following the extraordinary general meeting on November 25, 2024.

The capital hike, funded entirely from accumulated profits, will directly support the timely completion of the MD/HDPE plant, slated for commissioning by September 2026. Heidarzadeh emphasized that the move allows Iran’s Arya Sasol to avoid external financing while accelerating construction and delivering stronger returns to shareholders upon startup.

Currently producing 1.1 million tons of ethylene and 750,000 tons of polyethylene annually, the new unit will deepen synergy with existing ethylene output and position Iran’s Arya Sasol to better navigate export and domestic demand shifts.

With the tenth olefin furnace nearing completion and the C3-plus separation project advancing in parallel, Heidarzadeh underscored that these initiatives, backed by the fresh capital, will eliminate production bottlenecks, boost value recovery, and solidify Iran’s Arya Sasol’s competitive edge in the years ahead.