Azerbaijan , Baku, Feb. 22 / Trend, A.Yusifzade /
Iran 's Amir Kabir Petrochemical Complex will sign long-term contracts with China and South Korea for exporting 24,000 tons of polyethylene per month in near future, Iran Daily reported quoting the managing director of Amir Kabir Petrochemical Complex Adel Nejad-Salim said.
According to Nejad-Salim, over 30,000 tons of light polyethylene has been produced in Amir Kabir Petrochemical Complex.
Close to 10,000 tons of polyethylene has been exported to Turkey, China and South Korea, Nejad-Salim said.
He put capital return from light polyethylene unit at $420 million per year. This is while the unit has been constructed at cost of 230 million euros, he added.
By launching this unit, the total polyethylene capacity of Amir Kabir Petrochemical Complex has increased to 740,000 tons per year, Nejad-Salim said.
Amir Kabir Petrochemical Complex is considered as the largest polyethylene producer across the country.
The light polyethylene unit's feedstock includes 303,000 tons of ethylene from Amir Kabir and Maroun petrochemical complexes and 5,000 tons of propylene from Amir Kabir Petrochemical Complex.
Iran 's Amir Kabir Petrochemical Complex is located at Bandar imam, on the south of Petrochemical Special Economic Zone at the Site 4 situated approximately on Northwest of Petrochemical Complex of Bandar Imam.