Iran's No 11 Olefins project 45% complete - NPC

13 November 2008 09:09  [Source: ICIS news]

BANGKOK (ICIS news)--Iran's National Petrochemical Co (NPC) has achieved 45% mechanical completion at its Olefins No 11 project at Assaluyeh and expects to bring it on stream in the fourth quarter of 2009 or first quarter of 2010, a senior NPC official said on Thursday.

"The project is going well and there's no reason to believe there will be any further delay," said Mohammad Hassan Peyvandi, director for planning and projects with NPC, on the sidelines of the ICIS World Polymers Conference.

The 2m tonne/year ethane cracker would be fed into the ethylene pipeline which is being built to link crackers in the south of Iran with derivative projects being set up in the west and northwest of the country, Peyvandi said.

"Once all the derivative projects come on stream, we do not expect much surplus ethylene to be available for export," he added.

The recent spurt in ethylene exports from Iran was "a temporary phenomenon", he said.

The two-day conference ends on Thursday.

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By: Prema Viswanathan
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