The Iranian Mines and Mining Industries Development and Renovation Organization (Imidro) hopes to advance by March with securing the remainder of financing needed for Iran’s first graphite electrode plant.
The €350 million ($400m) Ardakan-based project has long been on the cards but is yet to be completed. Last year Imidro formed a joint venture with Mobarakeh Steel, Khorasan Steel, and Chadormalu to invest in and help complete the plant. Some €170m of funding is still required, according to Imidro.
The plant is set to have a 30,000 tonnes/year capacity of graphite electrodes, with a provision to expand to 45,000 t/y. It would eliminate the need for imports of electrodes, a crucial input material for Iran’s mainly electric arc furnaced-based steelmaking industry.
“The government is definitely on the task of solving problems, and it will not hesitate to take measures to solve problems with such projects that have a high impact on industry,” Imidro chairman Khodadad Gharibpour says in a note seen by Kallanish.