Iran starts up four petchem projects
by ChemOrbis Editorial Team - content@chemorbis.com
According to Shana, Iran started up four new petrochemical projects in Assalouyeh on April 16. The new projects are expected to increase the country’s petrochemical production by 2 million tons/year, the reports revealed.
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.
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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