14 May 2013 17:32 [Source: ICIS news]
TEHRAN (ICIS)--Arman Methanol aims to start up a 1.65m tonne/year methanol plant in Assaluyeh, Iran, in 2015, a senior company executive said on Tuesday.
“Construction of the plant is scheduled to begin in July this year,” said Arman Methanol’s managing director, A. Shokouhi.
He was speaking on the sidelines of the 10th Iran Petrochemical Forum, a two-day event held from 13 May in Tehran.
Arman Methanol is wholly owned by a local private investor who provides 15% of the capital investments, he said.
The 85% balance of the capital investments was financed through the Sinoshore Bank in China, he said.
The engineering, procurement and construction (EPC) contract was jointly awarded to Chengda Engineering Co of China and Namvaran Engineering Co of Iran, he added.
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