Tehran, Iran, Sept. 30
Trend:
The manager of Investment Center at National Iranian Petrochemical Company (NIPC) said the government plant to set up four major petrochemical units at the Parsian Special Economic Energy Zone located in the southern Hormozgan Province in the Persian Gulf.
The first phase of a plan to set up four petrochemical plants at Parsian zone will be implemented soon, Saeed Afshari told reporters on Sunday, Mehr news agency reported.
He added, “Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) in charge of the plan as it has signed an agreement with NIPC”.
A working group comprised of IMIDRO and NIPC representatives will surprise the entire project, Afshari said.
Parsian energy zone should not be confused with the Pars Special Economic Energy Zone (PSEEZ) southeast of Bushehr Province which is home to major oil, gas and petrochemical facilities.
The development of the energy zone is imperative to fulfilling Iran's wish to expand the petrochemical industry.
Parsian is planned to produce 4 million tons of steel as well as 1.2 million tons of aluminum annually, while power stations with installed capacity of 6,000 megawatts are to be built to meet the needs of the industries.
The energy and industrial zone will receive natural gas feedstock from the giant South Pars field in the Persian Gulf. The zone is aimed at stimulating economic growth in the region and produce higher value-added products from natural gas.
According to published reports, Iran holds the world's second-largest natural gas reserves after Russia.
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