02 July 2007 17:00 [Source: ICIS news]
LONDON (ICIS news)--The presidents of Iran and Venezuela met on Monday to break ground on a proposed joint 1.65m tonne/year methanol plant at Assalouyeh on the southern coast of Iran, according to global media reports.?xml:namespace>
They also announced plans for a second methanol plant in the Zigma industrial zone of Venezuela.
Each would cost about $650m (€477m) to $700m and take four years to complete.
President Mahmoud Ahmadinejad of Iran and his Venezuelan counterpart Hugo Chavez said the countries would aid each other in accessing Asian and Latin American markets and signed three further agreements in the field of petrochemicals.
The two presidents had proclaimed on the first day of their summit in ?xml:namespace>
Chavez last week forced
($1 = €0.74)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections