BAKU, Azerbaijan, May 20
By Elnur Baghishov – Trend:
The plant of Sabalan Petrochemical Company in Bushehr Province (southern Iran) was launched today on May 20, Trend reports citing IRINN.
According to the report, the plant of Sabalan Petrochemical Company, which is located on an area of 7 hectares, can produce 1.6 million tons of methanol per year. A total of $406 million has been spent on the construction of this plant.
Sabalan Petrochemical Company will generate $412 million from the sales of the plant's products.
The plant will consume 176,000 natural gas and 95 tons of oxygen per hour.
Also, 350 people have been employed with the launch of the plant, the report said.
As reported, three petrochemical facilities worth $1.3 billion were put into operation in Iran on May 20, and as result, 2,450 people were employed. With the launch of these facilities, Iran's petrochemical production potential has increased by 3.5 million tons.
Iranian President Hassan Rouhani, Iranian Oil Minister Bijan Zanganeh and other officials attended the event dedicated to the launch of petrochemical facilities online format.
The production of petrochemical industry in Iran reportedly will be minimum 130 million tons per year until March 20, 2026.