Iran’s Veniran Petrochemical to bring methanol project on stream

29 June 2011 07:07  [Source: ICIS news]

SINGAPORE (ICIS)--Iran's Veniran Petrochemical will bring on stream its 1.65m tonne/year methanol project at the Pars Special Economic Energy Zone in Asaluyeh in 2014 as scheduled, a source from Petrochemical Commercial Co (PCC) said on Wednesday.

The methanol project is owned by the National Petrochemical Co (NPC) of Iran and Venezuela’s Pequiven, each holding a 49% stake.

The remainder is shared by Iran’s Petrochemical Industries Investment Co (PIIC) and Venezuela’s International Petrochemical Holding Ltd (IPHL).

PCC is the marketing arm of NPC.

Iran’s state-run Pars Oil and Gas Co (POGC) will provide the natural gas feedstock for Veniran’s methanol project, while Damavand Petrochemical will supply the oxygen feed to the facility, according to PCC’s website.

Iran’s Marjan Petrochemical is expected to start up its 1.65m tonne/year methanol facility at the same site in 2014.

Methanol is used to produce formaldehyde, acetic acid, methyl tertiary butyl ether (MTBE) and is used in the production of methanol-to-olefins/propylene.

For more on methanol, visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database

By: Heng Hui
+65 6780 4359

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