TEHRAN (MEHR - Trend )
The Mehr Petrochemical Complex in Assaluyeh will be officially inaugurated on Thursday.
Iranian Oil Minister Gholam-Hossein Nozari will attend the inaugural ceremony, the Mehr News Agency reported on Tuesday.
The complex started trial operation in May and it is currently working with full capacity.
The Mehr Petrochemical Complex is one of the National Petrochemical Company's major projects implemented through a $230 million joint venture by the domestic private sector and foreign investors.
The complex has been built to produce high density polyethylene in Pars Special Economic Energy Zone in Assaluyeh.
The high density polyethylene project of Pars Special Economic Energy Zone is the first investment by Japanese companies in Iran's petrochemical industry in the past 24 years.
A consortium which is comprised of Iran's RAMPCO and Japan's Mitsui companies implemented the project.