TEHRAN, Iran, Aug. 30
Trend:
Iranian Investment Petrochemical Group Company (IIPGC) is willing to invest $857 million in Kangavar Petrochemical company, Trend reports citing IRNA.
In order to set the value chain of oil and petrochemical products in Kermanshah province, the government seeks to build a Petrochemical Company in Kangavar, the Governor of Kangavar city Farzad Almasi announced.
"Currently, 15 hectares have been located for the implementation of the petrochemical project in the city,” he added.
Kangavar city with a population of more than 85,000 is located 90 km east of Kermanshah Province.
Iranian Investment Petrochemical Group Company (IIPGC) is a petrochemical holding company established in 2010. Investments in corporate stocks and petrochemical projects are the main activities of the company.