Bushehr petchem phase 1 by yearend: CEO

TEHRAN, March 30 (Shana) – Managing director of the Busher Petrochemical Plant’s construction project said that following activation of the project’s 1.9-billion-euro finance, the first phase will be launched by end of the year (March 20).

Gholamreza Mostajaboldaveh said that Phase 1 with methanol and utility units is underway with a 60 percent progress.

ٍٍEngineering procedures of Phase 2 for production of polyethylene and elfin will be finalized in near future, he said.

“Phase 2 has a progress of 10 percent and purchasing its equipment has started,” he said, adding that Phase 3 will designed for acid acetic and monomers.