Imidro seeks remaining graphite electrode plant funding

Posted on 31 January 2019
 

Source: Kallanish

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.

    



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