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Iran in search of foreign investors for more petchem projects

by ChemOrbis Editorial Team -
  • 11/01/2017 (16:06)
According to media reports, Iran is after joint or individual investors in order to build 25 petrochemical projects, which requires $32 billion.

The projects are reported to include factories to produce ammonia and urea, gas to olefins and gas-to-propylene plants. The country’s feedstock production is also aimed to be increased within the scope of these projects as Iran has produced less than its capacity due to lack of feedstocks in the recent years.
Previously, five Iranian petrochemical projects being carried out in Mahshar, Asaluyeh and other regions in Iran were announced to be financed by China.

Currently, there are 50 petrochemical complexes in these regions with a combined capacity of 61.5 million tons/year.
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