Foreign firms to participate in six Iranian petchem projects: NPC head

TEHRAN, May 12 (MNA) – Iran has reached agreements with companies from South Africa, Turkey, Indonesia, and India to co-implement six petrochemical projects in the country, the National Petrochemical Company (NPC) managing director stated on Tuesday.

“The Olefin 12th unit in the Persian Gulf Petrochemical Complex will be built in cooperation with the South African Sasol Company in Assaluyeh," Adel Nejad-Salim said, adding the project is predicted to come on stream in 4 years.

 

He told the Mehr News agency that Sasol had previously cooperated with NPC for the construction of the Olefin 9th unit in Arya Sasol Petrochemical Complex.

 

“NPC has also reached agreement with a Turkish company to launch a methanol production unit in Assaluyeh with the estimated annual output of 1,650,000 tons,” Nejad-Salim explained.

 

He went on to say that a polyethylene production unit with the production capacity of 300,000 tons will be also constructed in the city of Mahabad with the help of another Turkish company.

 

“An Indian firm will build an ammoniac and urea production unit in Assaluyeh with the annual production capacity of 1 million tons,” he said.

 

“National Iranian Gas Company, NPC, and an Indonesian company are to construct an ethane recovery unit near Parsian Gas Refinery in Assaluyeh with the annual production capacity of 1,300,000 tons,” the NPC director noted.

 

An Indian company has agreed to construct an ethylene propylene diene monomer (EDPM) unit with the production capacity of 40,000 tons per year,” Nejad-Salim concluded.

 

MF/MG

END

MNA

News Code 33721

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