SHANA- Iran is to launch three petrochemical projects within the next two months to March 2017, end of the current Iranian calendar year.
Furthermore, phase III of Pardis Petrochemical Plant with 1.7 mt/y of urea and ammonia production capacity and Kaveh Methanol Project with 2.3 million tons of annual production capacity (the world’s biggest methanol unit) will be launched in the near future.
The country has also inauguration several other projects during the current year including Lorestan Linear Polyethylene Plant with a capacity of 330 thousand tons/year, Urmia Sulfuric Acid Plant with a capacity of 50,000 t/y capacity, Mahabad Linear Polyethylene Plant with a capacity of 330,000 t/y and Marvdasht Martyrs Petrochemical Plant with 1.8 million tons of urea and ammonia production capacity per year.
The projects were phase II of Karoon Petrochemical Plant, Middle East’s first supplies of methylene diphenyl diisocyanate (MDI), and Takht Jamshid Petrochemical Complex.
Karoon Petrochemical Plant will supply 40 thousand tons of MDI annually. If fully operational, the plant, financed by €350m, saves the country $300 million annually.
Moreover, Takht Jamshid project is a key piece in completion of the value chain in the region because it is fed by butadiene and styrene for production of polymers.
Karoon Petrochemical Plant has purchased high-tech technologies for production of MDI and TDI from Sweden’s Comator. The Swedish firm was a partner in Karoon Petrochemical Project prior to imposition of sanctions on Tehran’s nuclear program.