The government of Iran has announced the start of construction of a new petrochemical facility in the western Iranian province of Kermanshah.
Iranian first vice-president Es’haq Jahangiri, petroleum minister Bijan Namdar Zangeneh and many other top officials of the country were present at the ground-breaking ceremony.
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The petrochemical facility, which will produce polypropylene from natural gas, is estimated to cost $545m and is expected to create over 5,000 jobs.
It will have an annual capacity to produce nearly 660 thousand tonnes of methanol, 120 thousand tonnes of propylene and 120 thousand tonnes of polypropylene.
According to Jahangiri, the new facility would become one of the most important petrochemical facilities in Iran and will help to activate a number of downstream industries and further boost industrial development in Kermanshah province.
Bijan Namdar Zangeneh stated: “For years I was trying to run this project in the country because we would gain the technology of turning natural gas into valuable forms of plastic.
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By GlobalData“The West Islamabad Petrochemical Complex is a major project worth around $600m. It will create thousands of jobs and upgrade the technological level of the province tremendously.
“When the project becomes operations, Kermanshah province will get its fourth petrochemical facility and will rank third in the country as far as the capacity for the petrochemical products is concerned.”
In November last year, AquaChemie commenced construction on a $40m petrochemical terminal in Dubai.
The bulk storage terminal is located only 500m from Jebel Ali Port Chemical Berth and will have a total capacity of nearly 40,000m3 (CBM), of which 35,000CBM will be in bulk storage tanks and about 5,000CBM in ISO tanks and drums.
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Iran commences construction on $545m petrochemical facility. (Credit: LEEROY Agency from Pixabay.)
