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Iran Ready to Launch Petchem Projects

Source: Shana 2/21/2018, Location: Asia

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Iran is about to launch three major petrochemical projects which will add at least 146,000 tons to the country's annual production capacity. The downstream projects will be launched in a ceremony slated for next week with Managing director of the National Petrochemical Company (NPC) Reza Norouzzadeh in attendance.

The facilities are constructed with an investment of IRR977b and $15,1m and generate 152 jobs.

These units produce 146,000 metric tons of, masterbatches and polymer and granule compounds from recycled shrink bags each year, and their products are used in construction, automotive, packaging, textile and home-hold industries.

The three facilities are built in 115,350 square meters of land belonging to Maroon Petrochemical Company.

Maroon Petrochemical Company is a supplier of various polymer products including HDPE, LDPE, LLDPE and PP with different grades.

Petrochemicals News in Iran >>

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Iran >>  9/4/2018 - The National Iranian South Oil Company (NISOC) signed two contracts, totally valued at $1.2 billion, with the Persian Gulf Petrochemical Industries Co...

Iran >>  8/28/2018 - A businessman involved in the petrochemical industry says Iran enjoys the required advantages to become a petrochemical hub in the region. ...
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