14 May 2013 23:22 [Source: ICIS news]
Seyed Majid Modirzadeh urged for investors to step forward, calling the site “a concealed treasure” during his presentation at the 10th Iran Petrochemical Forum (IPF).
The site has access to feedstock from the South Pars gas field and Khuzestand reserves, rich ethane content from the country’s gas reserves, stable natural gas prices as compared to other oil-related feedstock prices and a strategic location as the only port which has direct access to open seas, he said.
A gas-to-polypropylene (PP) project is also being planned, with an estimated cost of €780m, he said. The project is expected to produce 1.65m tonnes/year of methanol as an intermediate; 514,000 tonnes/year of propylene and 500,000 tonnes/year of PP, he added.
A gas-to-dimethyl ether (DME) project, which requires a €515m investment, is also being mulled. The project is expected to produce 1.65m tonnes/year of methanol, which will be an intermediate to yield 1.2m tonnes/year of DME, Mordirzadeh said.
($1 = €0.77)
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