Iran starts up four petchem projects
The first of the four new projects, Phase II of Kavian Petrochemical Plant, was built with an investment of €200 million ($213 million) and will produce over 1 million tons/year of ethylene to deliver to 12 petrochemical plants in Western Iran. It is also expected to sell petrochemicals worth $950 million annually.
The €40 million ($42.5 million) Takht Jamshid Pars will produce 55,000 tons/year of PS and expectedly sell $85 million of petrochemicals a year.
Entekhab Industrial Group, which was built with an investment of $120 million, has a production capacity of 250,000 tons/year of PS and is planned to be supplied by 235,000 tons/year of styrene from Pars Petrochemical Plant. The plant is also expected to make an annual $385 million for the country.
Morvarid Petrochemical plant with an investment of €170 million ($181 million) will have a production capacity of 540,000 tons/year of MEG and TEG and fully start commercial production next week.
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