Projects & Achievements

Novaco’s project portfolio at a glance

A selection of projects delivered or underway within Novaco’s four-stage operating model, together with subsidiaries and technology partners.

+38

Active projects

+16

Investment projects

Commercialized

+280B

Capital steered

Stage 2 · 2026

In progress

Design of the Formulation and Development of a Pilot-Scale Production Process for Magnetoactive Nanoceramic Coatings to Control the Nucleation and Growth of Coke Deposits in Process Equipment of Bitumen-Producing Refineries

Design and manufacture of a turbo-compressor for supplying air to the combustion chamber and providing compressed air for the plant.

Design, Construction, and Commissioning of a Polymer-Modified Bitumen Production Unit with a Capacity of 20 m³/h.

Design Upgrade of the Excess-Air Burner Air Preheater Heat Exchanger to Withstand a Pressure of 3 bar

Design and Fabrication of an Industrial-Scale Waste Heat Recovery Boiler for Steam Generation Using Exhaust Heat from the Bitumen Plant’s Excess-Gas Burner.

Design and Development of an Intelligent Engine for Monitoring, Anomaly Detection, and Predictive Analysis of Large-Scale Textual Data in the Petrochemical Market, Based on Fine-Tuned Native Language Models and RAG Architecture.

Design of Knowledge-Based Polyethylene and Polypropylene Compound and Masterbatch Formulations for the Production of Higher Value-Added Products Along the Value Chain

First-Ever Implementation of HOT TAP on the West Ethylene Pipeline in Iran

Optimal Design and Fabrication of a 2 kW Brushless DC (BLDC) Motor with Reduced Torque Ripple for Light Electric Vehicles

Design and Implementation of a Digital Twin Platform for Integrated Management and Performance Optimization of Olefin Unit Cracking Furnaces Using Prescriptive Artificial Intelligence

Research and Development of the Formate Drilling Fluid System (FFS) Based on Sodium Formate

Budget

339,148,325,000 Rials

Outcome

Stage 4 · 2024

Delivered

Construction, Installation, and Commissioning of a Crusher and Modification of the Prilling Tower System in the Paraformaldehyde Granule Production Unit Process

Projects for Modification of the Process Waste-Gas Absorption System in the Paraformaldehyde Granule (Prill) Production Unit

Development of Direct Carbon Dioxide (CO₂) Conversion Technology for Fuel Production

Design and Implementation of an Agentic AI Assistant for Automated Building Massing, Floor Plan Layout Generation, and Functional Analysis of Residential and Commercial Buildings

Design and Development of an Intelligent System for Unsafe Condition Detection and HSE Risk Prediction Based on Computer Vision, Environmental Sensors, and Data Analytics for Construction, Oil and Gas, and Heavy Industry Projects

Design and Development of an Integrated System for the Management, Treatment, and Recycling of Drilling Fluid Waste Using Biotechnologies

Budget

—

Outcome

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