Chinese built plant boosts Iran's petrochemical production

Iran Materials 21 May 2012 14:08 (UTC +04:00)

Azerbaijan, Baku, May 21/Trend M. Moezzi

Iran has officially inaugurated a new oxygen and nitrogen production plant designed, built and equipped by a Chinese company.

The new unit at the Marun Petrochemical Complex in the Persian Gulf port city of Mahshar will help increase Iran's production of Monoethylene glycol (MEG), a value added product, Mehr news agency reports.

The oxygen production unit at Marun was built in 24 months and cost $18 million (USD), said managing director Abdol Sharif Mousavi who estimated the investment would pay for itself in a year.

Marun produces an average of 440 tonnes of MEG annually. The new unit will push production past half a million tons. Four per cent of production capacity will be sold on the international market, said Mr. Mousavi.