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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
+3
Commercialized
+280B
Capital steered
Stage 1 · 2024
Delivered

Localizing a Strategic Catalyst

Budget
—
Outcome
40% cost reduction
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

Budget
—
Outcome
Stage 2 · 2026
In progress

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

Budget
—
Outcome
Stage 2 · 2026
In progress

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

Budget
—
Outcome
Stage 2 · 2026
In progress

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

Budget
—
Outcome
Stage 3 · 2026
In progress

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.

Budget
—
Outcome
Stage 3 · 2026
In progress

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.

Budget
—
Outcome
Stage 3 · 2026
In progress

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

Budget
—
Outcome
Stage 3 · 2024
In progress

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

Budget
—
Outcome
Stage 2 · 2026
In progress

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

Budget
—
Outcome
Stage 3 · 2026
In progress

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

Budget
—
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

Budget
—
Outcome
Stage 4 · 2024
Delivered

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

Budget
—
Outcome
Stage 2 · 2026
In progress

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

Budget
—
Outcome
Stage 2 · 2024
In progress

Development of a Dynamic Process Simulator for Refinery Unit Operations for Operator Training System (OTS) Applications

Budget
—
Outcome
Stage 3 · 2026
In progress

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

Budget
—
Outcome
Stage 3 · 2026
In progress

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

Budget
—
Outcome
Stage 2 · 2026
In progress

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

Budget
—
Outcome
Stage 1 · 2024
Delivered

Article 11 Tax Credit for R&D

Budget
—
Outcome
Major credit unlocked
Stage 1 · 2023
Delivered

CVC Round for a Smart-Metering Startup

Budget
—
Outcome
Funding round closed
Stage 1 · 2023
Delivered

Scaling an IIoT Monitoring Platform

Budget
—
Outcome
Deployed to 3 plants
Stage 1 · 2024
Delivered

Green Hydrogen Technology Roadmap

Budget
—
Outcome
5-year roadmap
Stage 1 · 2022
Delivered

First-Build Support for a Water-Treatment Unit

Budget
—
Outcome
First domestic unit
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