European firms invest $ 1.4 bn in Iran's petrochemical projects
Haldor Tapsoe Company of Denmark signed a contract here with Iran's Marjan Petrochemical Company to commission two
methanol production units, each with the annual capacity of 1.6 mm tons and $ 500 mm of investment.
The contract includes technology transfer, conducting detailed engineering designs, and offering technical service,
said the managing director of National Petrochemical Company (NPC) who attended the signing ceremonies. Adel Nejad
Salim stated that the units would come on stream in four years.
Another deal was signed between Sadaf Petrochemical Company and a consortium comprised of Nargan, Tecnimont of Italy,
and Polymer Company of Austria for launching a unit to produce 100,000 tons of raw materials required for tire
manufacturing industries.
The project is estimated to cost $ 340 mm, Nejad Salim said, adding Polymer, Tecnimont, and Nargan are the licensor,
the provider of machinery, and the executor of the project, respectively.
