The Arvand Petrochemical Complex will soon be officially inaugurated as the largest polyvinyl chloride (PVC) producer in the Middle East, the Islamic Republic of Iran News Network reported.
The complex is located in Mahshahr, southwest of Iran, and will come on stream at the cost of one billion euro.
"The complex will produce over 240,000 tons of polyvinyl chloride (PVC), some 25-30 percent of the world's total production," the IRINN quoted the Arvand Petrochemical Company's Managing Director Iraj Me'marian as saying here on Saturday.
The Complex is also projected to annually produce 660,000 tons of caustic soda, 340,000 tons of vinyl chloride, and 890,000 tons of ethylene dichloride.