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Sale of Apadana Methanol Output Guaranteed

Source: www.gulfoilandgas.com 12/9/2019, Location: Asia

The CEO of Persian Gulf Apadana Petrochemical Plant said the sale of his company’s output was guaranteed by the Persian Gulf Petrochemical Industries Company (PGPIC)’s plans, adding the company had no concerns regarding sale of its methanol output.

Addressing a press conference on Monday, Jalil Ghasammi said that PGPIC had planned to complete the methanol value chain in the country which would guarantee sale of Apadana’s output.

He said methanol plants created a lot of value added, stating that as a mother company, PGPIC had devised the required plants for consuming the output of Persian Gulf Apadana Petrochemical Plant.

The facility is developed for production of 1.65 million tons of methanol annually and was being developed with an estimated capital of €462 million, he added.

The official further said that tapping local potentialities and domestic manufacturers’ capacity was a major concern for developing the project, adding efforts had been made to supply all the required items from local suppliers.

Iran’s current methanol output stands at 8.3 million tons per year of which only 300,000 tons are consumed domestically and the rest are exported, he added.

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