Iran starts construction of new propylene plant
Kourosh Petrochemical Plant will be able to produce 150,000 tons/year of propylene and its derivatives upon its slated completion in 40 months. The new complex is expected to cost around $190 million.
Meanwhile, 27 other petrochemicals projects are currently underway in Mahshahr, the media reported. With an investment around $1.5 billion, the new projects will reportedly start operations in near future.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- PET sellers hunt for signs of market bottom in Europe
- India’s import PP, PE markets rebound in Jan after several months of declines
- Tight supplies keep Asian PVC markets bullish
- Crude oil market sentiment turns in favour of bulls
- Will European PVC take a breather from 9-month downtrend in February?
- Supply limitations bolster Feb PP and PE outlook in Turkey
- China’s import PP markets climb to 6-month highs prior to Lunar New Year
- Weak activities press import PE, PP suppliers for discounts in Egypt
- Price erosion continues inside Middle Eastern polyolefins markets
- European PP, PE markets open 2023 with renewed drops