BAKU, Azerbaijan, June 20
By Elnur Baghishov – Trend:
Mehr Petrochemical Company in the Pars Special Economic Zone of Asaluyeh County in Bushehr Province (southern Iran) has produced 190,000 tons of heavy polyethylene over the past six months, said Trend reports citing the company’s website.
According to the report, this figure is considered a record production since the company began operations.
“"For example, the company produced 161,000 tons of heavy polyethylene in the first six months of 2016,” report said.
“Over the past six months, Mehr Petrochemical Company's ethylene fuel intake has decreased to a minimum (1,022 tons),” said the report.
However, it was planned to receive 1,025 tons of ethylene for each ton of polyethylene production in the company, according to the report.
Mehr Petrochemical Company has been manufacturing products domestically on its own, following the departure of foreign experts (Thailand, Japan) due to US sanctions being imposed on Iran.
Mehr Petrochemical Company was established in 2005 with the joint investment of the Iranian Investment Petrochemical Group and the Singapore Petrochemical Investment Ettehad Company for the production of heavy polyethylene.
In 2009, Mehr Petrochemical Company was put into operation with the potential to produce 300,000 tons of heavy polyethylene per year.
The US imposed new sanctions on Iran in November 2018. Over the past period, the sanctions affected Iranian oil exports, more than 700 banks, companies and individuals.