Over 10 downstream petchem projects underway in PETZONE
The CEO of the Petrochemical Special Economic Zone Organization (PETZONE) said that feasibility studies were finalized for construction of 12 downstream petrochemical projects in the organization.
According to National Petrochemical Company (NPC), Omid Shahidinia, the managing director of the PETZONE, headquartered in Mahshahr, southwestern Iran, voiced the organization’s support for developing downstream industries in the southwestern region, Shana reported.
He said investors would have various advantages for developing petrochemical downstream industries in the special economic zone with the goal of completing the value chain, underlining the existence of favorable infrastructure and capabilities for the development of downstream petrochemical industries in the region.
“At present, 18 companies are active in the region, of which 10 companies are operational,” he said.
He added that other eight companies were building downstream projects in the area.
According to Shahidinia, 12 companies had applied for building downstream projects in Mahshahr; their applications were being considered and weighed up by the organization.
“According to the estimates, the feedstock needed by these companies is more than one million tons per year. We hope we can work with the National Petrochemical Company to provide direct feedstock supplies to them through companies based in the region.”
Methanol, sodium hydroxide, and polymers are the main feedstock needed by these projects.
source: Iran Daily
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