10 November 2010 17:37 [Source: ICIS news]
BARCELONA (ICIS)--Ambitious plans to expand ?xml:namespace>
In a speech to delegates, Mohammad Hossein Navid Family, consultant to the managing director of Zagros Petrochemical Company (ZPC), outlined nine pipeline projects, with a total capacity of more than 15m tonnes/year, which would take Iran’s total to more than 20m tonnes/year.
Timelines were not given for all nine projects; but four of the projects, with a total capacity of over 6m tonnes/year, were expected to be completed by 2014.
However, analysts were doubtful over the plans. “I can’t see it happening; it’s too much [new capacity]. I think they’re over selling themselves. Besides, if all that new methanol came online, prices would go way down,” one analyst said.
When asked how current international sanctions against
Yet he was confident that as the holder of the world’s second largest proven natural gas reserves,
ZPC currently operates two methanol plants of equal size at
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