Iran plans $1bn expansion for Asaluyeh petrochemical complex

17 May 2013 06:35  [Source: ICIS news]

ASALUYEH (ICIS)--Iran plans to build more petrochemical plants in the Asaluyeh industrial complex that will require investments of more than $1bn (€780m), a source from the country’s National Petrochemical Co (NPC) said late on Thursday.

Suggested projects in the third phase of the Assaluyeh expansion project include a fourth polyethylene terephthalate (PET)/purified terephthalic acid (PTA) project, an 800,000 tonne/year methanol-to-dimethyl ether (DME) project, and a methanol-to-polypropylene (PP) project.

The PET/PTA project will produce intermediate PTA of 500,000 tonnes/year to feed into a 500,000 tonne/year PET project, while the methanol-to-PP project will produce 500,000 tonnes/year of propylene as intermediate to produce 500,000 tonnes/year of PP.

These projects are expected to cost more than $1bn, and the NPC hopes to attract foreign investors.

Details on the first and second phases were not immediately available.

($1 = €0.78)


By: Heng Hui
+65 6780 4359



AddThis Social Bookmark Button

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.

Printer Friendly

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