Rouhani in­au­gu­rates two ma­jor petchem projects

Iran Daily - - Domestic Economy -

Iran opened two ma­jor petchem projects in north­west and cen­ter of the coun­try to add some 25 mil­lion tons of ca­pac­ity to its an­nual out­put. Us­ing a video con­fer­ence call on Thurs­day, Ira­nian Pres­i­dent Has­san Rouhani opened the Mian­doab Petro­chem­i­cal Com­plex, a fa­cil­ity for pro­duc­tion of poly­eth­yl­ene lo­cated in the West Azarbai­jan Prov­ince on the bor­der with Turkey, re­ported Press TV.

Rouhani also gave the go-ahead for the start of works at a hex­ane pro­duc­tion unit at Shazand Re­fin­ery, a ma­jor petchem com­plex lo­cated in Markazi Prov­ince.

Iran’s Oil Min­is­ter Bi­jan Nam­dar Zan­ganeh said launch­ing the new projects would help Iran in­crease its gross an­nual out­put of petchem prod­ucts to 100 mil­lion met­ric tons by March 2021 from 70 mil­lion tons cur­rently.

Mian­doab Petro­chem­i­cals would feed on eth­yl­ene trans­ferred from south­ern Iran through a 1,660-kilo­me­ter pipe­line, the long­est in the world which has en­abled Iran to econ­o­mize fuel con­sump­tion in re­finer­ies lo­cated west of the coun­try.

The re­fin­ery in Mian­doab has cost over $100 mil­lion and is ca­pa­ble of pro­duc­ing some 140,000 tons of heavy poly­eth­yl­ene each year, said a re­port by IRNA.

An­other petchem project launched on Thurs­day was a unit for pro­duc­tion of hex­ane, a key con­stituent of ga­so­line, in

Shazand Re­fin­ery. Au­thor­i­ties said the scheme would gen­er­ate around $45 mil­lion in rev­enues for Iran through an in­crease of half a mil­lion liters in ga­so­line pro­duc­tion per day.

Iran has con­tin­ued to de­velop its oil in­dus­try re­gard­less of a se­ries of harsh Amer­i­can sanc­tions that have been in place since Novem­ber 2018.

The coun­try’s petchem thrived mas­sively at the time of sanc­tions as re­finer­ies keep send­ing ma­jor ship­ments to coun­tries around the world, gen­er­at­ing over $20 bil­lion in rev­enues for the govern­ment each year.

SHANA

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