Iran to invest $ 12 bn in 3rd phase of Assaluyeh projects
30-08-05 Head of project assessment department of the National Petrochemical Company noted that $ 12 bn will be invested in the third phase of Assaluyeh projects.
Ali Asghar Sangelaji told that the rest of petrochemical projects will be carried out due to abundant feedstock in the form of gas condensate, natural gas and ethane gas.
The official added that new projects cannot be implemented at Bandar Imam Special Economic Petrochemical Zone because all feedstock in the region is being used and the 8th olefin project will be the last petrochemical project to be implemented there.
Sangelaji said that since the west ethylene pipeline passes through Mahshahr region, establishment of a new polymer plant is being studied.
The official noted that since petrochemical industries in the world rely on the expensive naphtha as feedstock, the high end price of their products has made Iran’s petrochemical products competitive.
“Only Iran and Qatar, due to access of gas reserve, can produce petrochemicalsin the Middle East,” he said.
Source: PIN
