Petchem Projects Launched in Khuzestan: The governor of Khuzestan Province, southwestern Iran, inaugurated two petrochemical projects in Mahshahr Petrochemical Especial Economic Zone (PETZONE).

The projects, namely Ehda Polymer Pak and Exirsazan Atlas, came on-stream on the eve of the 40th anniversary of the victory of the Islamic Revolution, National Petrochemical Company (NPC) reported.

Furthermore, the grounds were broken for three other projects in the area which were Hirsa Polymer Sahand, Petro Zomorrod Sabz and a development project by Exirsazan Atlas in a ceremony held in the presence of Khuzestan Governor Gholamreza Shariati and Omid Shahidi, the CEO of the PETZONE.

The two projects were funded by Rls. 2,338 billion and $276 million and are aimed at production of 492,000 tons of petrochemicals annually.

The projects would also create jobs for 219 people directly and 390 others indirectly. Source: SHANA

Over the past years, the Iranian petrochemical industry focused on the upstream sector, but the policy now is to develop downstream projects, Rabiei added.

Rabiei referred to ethylene and urea as the products that have a bigger profit margin, saying that “it will help create more value added in the petrochemical industry.”

He pointed to another petrochemical project in the southwestern city of Andimeshk as the profitable downstream complex, saying the plant is planned to annually produce 300,000 tons of ethylene oxide, glycol ether and ethanolamine to be used as feedstock for hygiene items, detergents, and additives in textile, cement, gas sweetening, refining and petrochemical industries.

According to the report, thanks to the completion of phases of South Pars Gas Field in the Gulf, there has been an abundance of ethane and ethylene supply in Iran over the past six years.