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Iran’s PGHC plans 11 petchem projects financed by Chinese investors

by ChemOrbis Editorial Team -
  • 21/09/2016 (17:17)
According to market sources, The Persian Gulf Holding Company (PGHC) will build eleven new petrochemical plants. The company is an Iranian holding company that controls several petrochemical companies in Iran.

The cost of these plants is €6 billion ($7 billion) and PGHC’s Managing Director Adel Nejad Salim is quoted as saying that the plants will be financed by Chinese investors, according to Iran’s Shana Agency.

Information regarding the names of each plant project or a timeline was not shared by Shana Agency, except that construction of some of the plants has already started.
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