Rouhani to inaugurate major petchem plants in Iran’s Assaluyeh
Tehran, Iran, Sept. 2
Iranian President Hassan Rouhani is scheduled to launch three petrochemical projects on Tuesday in the southern energy hub of Assaluyeh near the massive South Pars offshore gas field.
Three petrochemical plans, namely the third phase of Pardis Petrochemical Company, Marjan Petrochemical Company and Kaveh Methanol Company, will become operational on Tuesday, Shana news agency reported on September 2.
The three projects will be inaugurated during a ceremony in Assaluyeh with President Rouhani in attendance.
The third phase of Pardis will be inaugurated with an annual production capacity of 1.75 million tons of urea and ammonia, Marjan, with 1.6 million tons of annual production capacity of methanol, and Kaveh, which will produce 2.3 million tons of methanol per year, are at the pre-launch phase and will become fully operational on Tuesday.
According to reports, 5.5 million tons will be added to Iran’s annual production capacity with the launch of the petrochemical projects.
The nominal output capacity of the country’s 57 petrochemical complexes stands at 62 million tons per year.
Earlier Reza Norouzzadeh, managing director of the NPC, said that Iran’s petrochemical output is expected to reach 63 million tons during the current fiscal year. He added that the export share from the sale is expected to reach 27 million tons, worth $14 billion.
The country hopes to bring the nominal petrochemical production capacity to 120 million tons by 2020 and 160 million tons by 2025.