SHANA - Iran has launched three downstream petrochemical projects in the southwestern city of Mahshahr, adding 146,000 tons per year to the country's petrochemical production capacity.

The projects were launched in a ceremony held with senior Iranian petrochemical and petroleum officials in attendance on Monday, NIPNA reported.

The units are built in 115,350 square meters of land belonging to Maroon Petrochemical Company and will produce 146,000 metric tons of, masterbatches and polymer and granule compounds from recycled shrink bags each year, and their products are used in construction, automotive, packaging, textile and home-hold industries.

The downstream projects will be launched in a ceremony slated for next week with Managing director of the National Petrochemical Company (NPC) Reza Norouzzadeh in attendance.

The facilities are constructed with an investment of IRR977b and $15,1m and generate 152 jobs.

Maroon Petrochemical Company is a supplier of various polymer products including HDPE, LDPE, LLDPE and PP with different grades.