The project aims to increase production of new high value-added products, which are not currently in the list as well as reduction of waste and energy in the process of production.
Golam Reza Mostajab Alda’veh, the Managing Director of Arak Petrochemical Complex said that the project would increase production capacity of the complex to 85% from its current 25%.
The official put the total budget of the development project at $110 million, of which Rls.500 billion ($62.5 million) as well as $99 million is financed by Reserve Guarantee Fund.
Naming Ethoxylates project a very important one to produce raw materials, the official said that domestic market would consume 30 to 40 percent of the Ethoxylates while the rest would be exported to other countries.
Ethoxylates Project, implemented by Arak Petrochemical Complex (Public Joint Stock) in an area of 3 hectares, started in 2001 and kicked off in the current year. The complex has full ownership of the project that consumed $11 million to be completed.
Engineering and procurement contractor (EPS contractor) is a consortium, which consists of Balestra, Darya Pala, and Ista Goya while licensor and basic engineering is
Ethoxylates is used in production of detergents, pharmaceuticals, cosmetics, textiles, and others, which is the first time to be produced in the complex.
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MNA
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