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Total, Shell secure feedstock price with Iran for new plants

by ChemOrbis Editorial Team -
  • 07/11/2016 (17:15)
According to market sources, managing director of Iran’s National Petrochemical Company (NPC) Marzieh Shahdaei reported that France’s Total and Anglo Dutch Shell have agreed with Iran to invest in its petrochemical plants and the agreement is based on $240/ton ethane feedstock price. Shahdaei added that both companies would earn a 25% profit with the respective price.

It is reported that Shell has made an agreement for Ibn-e Sina petrochemical plant in Iran.

She previously said that Total would make an investment worth $2 billion for the construction of an ethane cracker and two polyethylene units.
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