Nanotech Future Industries Holding has invested in Herbad Energy Company to support a project aimed at processing flare gases from the Bangestan Oil Field, promoting energy efficiency and reducing environmental impact.

Target Information

The investment holding company, Nanotech Future Industries Holding, has participated in a crowdfunding initiative titled "Flare Gas Processing at Bangestan Oil Field" by investing in Herbad Energy Company. This project focuses on the recovery and processing of flare gases in the Bangestan region, aiming to collect, compress, and prepare associated gases for reuse. The processed gases will be injected into the consumption network after undergoing necessary procedures, thus reducing waste and maximizing energy efficiency.

The primary objective of this initiative is to diminish the burning of associated petroleum gases, promote energy efficiency, and mitigate environmental impacts in the oil-rich southern regions of the country. The final products from this project will serve as fuel for energy production, heating, domestic uses, and various agricultural applications.

Industry Overview in Iran

The oil and gas industry in Iran plays a crucial role in the nation's economy, contributing significantly to its GDP and export revenues. Given its abundant natural resources, Iran is