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Iran reveals data on olefin unit construction at Ilam Petrochemical Company

Business Materials 10 July 2020 14:38 (UTC +04:00)
Iran reveals data on olefin unit construction at Ilam Petrochemical Company

TEHRAN, Iran, July 10

Trend:

Iran has invested €790 million in construction of an olefin unit in Ilam Petrochemical Company, the governor of Ilam Province Ghasem Soleimani Dashtaki said, Trend reports via IRNA.

He said the construction of the unit reached a 80-percent progress.

"The olefin unit will start operating next month," said Dashtaki.

"The following unit would be a big change in petrochemical industry that would develop downstream industries," he said.

"The olefin unit would help diversify production for the Ilam Petrochemical Company and reduce the ethylene consumption, as well as create jobs in the downstream industry," he said.

"Ilam Petrochemical Company seeks to hire local work force for its activities and so far used local contractors for construction work," said Dashtaki.

Operation of the olefin unit in the second phase of Ilam Petrochemical Company would increase the ethylene production capacity to 450,000 tons per year.

Ilam Province holds more than 3.5 percent of country's oil reserves and 11 percent of gas reserves.

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