Iran planning more petrochemical projects in Mahshahr

14 May 2013 23:37  [Source: ICIS news]

TEHRAN (ICIS)--Iran has plans for developing petrochemical industries in Mahshahr in the southwest part of the country, an economic official said on Tuesday.

Behruz Alishiri, the vice minister of economic policy and finance for Iran, urged for investors to step forward, saying petrochemical investment is a sure win. He made his remarks at the 10th Iran Petrochemical Conference.

He highlighted Iran’s abundant oil and gas resources and new investment legislation as the country’s petrochemical draws.

Suggested projects in Mahshahr include a methanol plant of 1.65m tonne/year, a 120,000 tonne/year propylene plant, a 150,000 tonne/year 2-ethylhexanol (2EH) plant, a 300,000 tonne/year acetic acid plant, a 160,000 tonne/year vinyl acetate monomer facility, a 800,000 tonne/year dimethyl ether (DME) plant, a 27,000 tonne/year cyclohexane plant, a 70,000 tonne/year caprolactum plant and a 70,000 tonne/year adipic acid plant.

The projects are expected to cost around $1.86bn (€1.43bn), much of which will need to be financed with foreign funds, he said.

($1 = €0.77)

By: Heng Hui
+65 6780 4359

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